Nu Mexico Partners with OXXO for Cash Deposits Nationwide

Nu Mexico and OXXO have launched a new cash deposit service available at OXXO stores nationwide, expanding a partnership first announced earlier this year.

The new feature allows more than 11 million Nu customers to deposit funds at over 23,000 OXXO stores across Mexico using a deposit code. The service aims to facilitate access to digital financial services for individuals who continue to rely on cash.

The cash deposit capability is supported by Arcus by Mastercard, a digital infrastructure platform that enables interoperability between digital and physical financial services. This integration seeks to address financial inclusion challenges, particularly in regions with limited access to traditional banking infrastructure.

“This new milestone transforms access to financial services by leveraging OXXO’s extensive retail network,” said Iván Canales, General Manager, Nu Mexico. “The collaboration allows us to offer customers more secure and convenient financial management options while integrating digital solutions with physical touchpoints to bridge the financial inclusion gap in Mexico.”

Eduardo Velasco Garza, Director, OXXO Services, added that partnering with Nu aligns with the company’s mission to support everyday financial transactions and contribute to financial inclusion.

“We are proud to integrate Nu into our correspondent network, facilitating financial transactions for individuals and reinforcing our commitment to provide a strong value proposition in the communities we serve,” Velasco said.

The companies noted their shared objective to expand access to financial services by combining digital innovation with physical infrastructure, offering practical solutions throughout the country.