Loading...
Market
What will be the primary reason for Nubank customers using Oxxo stores for transactions by the end of 2025?
2
Resolution / Starting Odds
Convenience • 25%
Accessibility • 25%
Lower Fees • 25%
Promotional Offers • 25%
Surveys conducted by Nubank or independent market research firms
Story
Nubank Partners with Oxxo to Offer Cash Services to 9 Million Customers at 22,000 Stores in Mexico Starting January 14, 2025
Jan 13, 2025, 06:39 PM
Nubank, the Brazilian digital bank, has signed an agreement with Oxxo, a convenience store chain, to expand its cash deposit and withdrawal network in Mexico. This partnership will allow over 9 million Nubank customers in Mexico to conduct banking transactions at more than 22,000 Oxxo stores across the country. Cash withdrawals using a Nubank card will be available starting January 14, 2025, with cash deposits to follow in subsequent months. According to Iván Canales, General Manager of Nu México, the agreement aims to enhance financial inclusion in underserved areas, reinforcing Nubank's commitment to making financial services more accessible in Mexico, where cash remains a significant part of daily transactions. The expansion leverages the existing infrastructure of Arcus by Mastercard, and Eduardo Velasco Garza, Director of Services at Oxxo, emphasized the chain's commitment to promoting financial inclusion throughout the country.
View original story
Similar markets
Increased crypto adoption • 25%
Innovative products • 25%
Marketing strategy • 25%
Regulatory approval • 25%
Decrease in installment payments • 25%
Significant increase in installment payments • 25%
Moderate increase in installment payments • 25%
No significant change • 25%
Ease of Use • 25%
Other • 25%
Promotional Offers • 25%
Security Features • 25%
Increase by more than 5% • 25%
Increase by 0% to 5% • 25%
Decrease by 0% to 5% • 25%
Decrease by more than 5% • 25%
Profit margin improvement • 25%
Increase in capital expenditure • 25%
Debt reduction • 25%
Revenue growth • 25%
Increase by more than 20 million • 25%
Increase by 10-20 million • 25%
Increase by less than 10 million • 25%
No significant change • 25%
Payment services • 25%
Other • 25%
Social media integration • 25%
Cryptocurrency transactions • 25%
Expansion into new markets • 25%
Diversification of product offerings • 25%
Investment in digital transformation • 25%
Cost-cutting measures • 25%
Cash App • 25%
Zelle • 25%
Venmo • 25%
PayPal • 25%
Permanent tax prohibition • 25%
Other • 25%
Increased transaction limits • 25%
Introduction of new monitoring rules • 25%
Less than 10% • 25%
More than 30% • 25%
20% to 30% • 25%
10% to 20% • 25%
Banco do Brasil • 25%
Itaú Unibanco • 25%
Bradesco • 25%
Caixa Econômica Federal • 25%