FEMSA and Nu México Announce Agreement for Oxxo Customers to Withdraw Cash and Deposit Funds.

FEMSA has announced an agreement with Nu México, a subsidiary of Nubank, to allow Nu México clients to withdraw cash, deposit money, and pay bills at Oxxo, FEMSA's convenience store chain in Mexico. The agreement will enable over 22,000 Oxxo stores across Mexico to provide these services to Nu México clients.

Mexico City, May 21, 2025 - Nu Mexico, a subsidiary of Nubank, has announced a strategic partnership with FEMSA, the parent company of OXXO convenience stores, to enhance financial services for Nu Mexico clients. The agreement, effective immediately, will enable over 22,000 OXXO stores across Mexico to provide cash withdrawal, money deposit, and bill payment services to Nu Mexico clients [1].

The collaboration aims to expand financial inclusion by leveraging OXXO's extensive network, which includes more than 23,000 stores nationwide. The service will be available from 6:00 a.m. to 10:00 p.m., 365 days a year, with certain restrictions [1].

Nu Mexico's General Manager, Iván Canales, commented on the significance of this milestone: "This new feature significantly enhances financial accessibility by leveraging OXXO's extensive network. This collaboration allows us to provide customers with more convenient and secure financial management options, underscoring the importance of integrating digital solutions with physical touchpoints to bridge the financial inclusion gap in Mexico" [1].

Eduardo Velasco Garza, Director of OXXO Services, added, "We are proud to collaborate with Nu, integrating it into our correspondent network to facilitate financial transactions and support financial inclusion. This effort reflects our commitment to offer a solid value proposition for the daily lives of the communities where we operate" [1].

Through this partnership, FEMSA and Nu Mexico are reinforcing their shared commitment to bringing financial services closer to more people. By combining technology and physical presence, they aim to generate practical and accessible solutions across Mexico.

References:
[1] https://www.marketscreener.com/quote/stock/NU-HOLDINGS-LTD-130481391/news/Nu-Mexico-and-OXXO-launch-cash-deposits-50027406/