Nu Account Announces Cash Deposit Network for Mexico in Collaboration with Arcus

Initially, a select group of customers will test the service, aiming for a broader rollout soon after.

This phased launch approach ensures a refined user experience. Nu Mexico and Mastercard aim to offer fast, secure, and convenient transactions that promote financial inclusion.

The deposit process is designed for ease and security. Customers can deposit up to $5,000 MXN per transaction without needing a physical card, simply by generating a unique code within the Nu app. This feature complements Nu’s offerings, like receiving money transfers from the U.S. and integration with Dimo, by providing a tangible way to add cash to accounts, thus enabling transactions and daily interest earnings.

Nu, in collaboration with Arcus by Mastercard, plans to extend this service to more locations, supporting Nu’s goal to broaden financial access and transition towards digital payments.