📰 Nu México Partners With OXXO to Expand Cash Services Nationwide
The new collaboration will provide Nu customers with easy access to cash withdrawals and deposits at over 22,000 OXXO stores across Mexico starting in 2025.
Nu México NU 0.00%↑ has teamed up with OXXO, Mexico’s popular convenience store chain, to expand its cash services starting in 2025. This new partnership will allow Nu’s 9 million customers to make cash withdrawals at any of OXXO’s 22,000 stores across the country. Cash deposits will also be available in the coming months.
The agreement aims to provide greater access to banking for people in areas where traditional banks are scarce. For many in Mexico, cash is still the preferred way to pay, and this move will make it easier for them to manage their finances. Nu's General Manager, Iván Canales, said the partnership helps make financial services more accessible to everyone, especially in underserved regions. The OXXO locations will add to Nu’s already extensive network, which includes over 30,000 other locations like Soriana and Chedraui stores, giving customers more ways to access their accounts.
For OXXO, this partnership aligns with their goal to offer practical and innovative services that meet their customers' everyday needs. As digital banking continues to grow in Mexico, combining OXXO’s widespread network with Nu’s technology will help bridge the gap between traditional cash usage and digital banking, creating a more inclusive financial system.
Source: Nu Investor Relations, Reuters
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