Nubank Mexico Adds Dimo Platform for Phone Number-Based Money Transfers

Aims to reduce cash usage, enhance digital economy, expand product offerings.
Nu Holdings Wins Clients Amid Latam Fintech Crisis
Nu Holdings Wins Clients Amid Latam Fintech Crisis

Dimo, a platform operated by the Bank of Mexico, enables users to conduct money transfers using only the recipient’s phone number. Iván Canales, General Manager of Nu México, emphasized this integration as a move to simplify financial transactions and support the digital economy in Mexico.

Currently, Nubank serves over 5 million users in Mexico and continues to expand its range of financial products in the country. This development marks a significant enhancement to Nubank’s mobile application, aligning with the bank’s focus on providing streamlined and efficient banking solutions.

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