Grupo Financiero Banorte has launched a digital bank, Bineo, in Mexico. It is the first large traditional bank to launch this type of services without branches or windows.

The bank plans to attract up to three million customers in the next five years. Víctor Moya, director of the digital bank: “We are going to serve through people, not bots” Bineo is for users who want to operate through the Apple or Android applications.