NubankOxxo
Nubank and Mexican store's Oxxo will work together
9 million of Nubank’s customers in Mexico will be able to use the OXXO stores as branch bank agencies. Mexicans are used to using stores like that to withdraw money and pay bills.
This is an important move for the Brazilian bank and will connect these customers to 22.000 stores.
For those who don't know Nubank, the bank reached 100 million customers last year.
In Brazil, OXXO has more than 500 stores and is filling the spaces with the Americanas stores, which are slowly dying.
Last week, Nubank invested in Tyme Group, the market didn’t like it.