Nu México has signed an agreement with small-format store chain OXXO to expand its cash deposit and withdrawal network starting in 2025. This partnership will allow over 9 million Nu customers in Mexico to gain access to OXXO’s network of over 22,000 stores across the country.
Cash withdrawals with a Nu card will become available at OXXO retail locations across Mexico on January 14, 2025, with cash deposits to follow in the subsequent months.
“This agreement with OXXO will allow us to promote financial inclusion in areas still underserved by traditional financial institutions. It reinforces our commitment to making finances accessible to more Mexicans and marks a significant step towards simplifying access to the financial system in a country where cash remains relevant for millions of people,” said Iván Canales, General Manager of Nu México.
The addition of OXXO will complement Nu’s existing network, built on Arcus by Mastercard infrastructure, which includes establishments such as Soriana, Chedraui, the Kiosko, Systienda and Yastás store networks, as well as Financiera para el Bienestar branches, thus consolidating one of the most robust infrastructures in the sector with more than 30,000 physical contact points.
“At OXXO, we’re committed to offering the best services for the benefit of our customers. We constantly work to identify their needs and bring them innovative, practical and accessible solutions that truly simplify their daily lives. This new partnership with Nu reinforces our mission of being the most reliable and accessible network that promotes financial inclusion throughout the country.” commented Eduardo Velasco Garza, Director of Services of OXXO.
This expansion of Nu’s network is part of a broader vision in which technology and strategic alliances eliminate the obstacles of the traditional financial system, promoting the digitalization of finances and bringing millions of Mexicans closer to a more inclusive and connected financial experience.