Brazilian neobank Nubank announced a partnership with convenience store chain OXXO to expand its cash deposit and withdrawal network across Mexico.
Nubank customers can now withdraw cash at OXXO’s 22K locations, with cash deposit services rolling out in the coming months. With this partnership, Nubank’s network in Mexico grows to over 30K physical access points, including partners like Chedraui, Yastás, and Financiera para el Bienestar.
“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.
Nubank previously formed similar partnerships with Puntored in Colombia and FINABIEN in Mexico in late 2024.
Since its 2019 launch in Mexico, Nubank has grown its local user base to over 9M customers, and has surpassed 100M users across Mexico, Colombia, and Brazil.
Read more on Nu’s newsroom.
