Introduction to Finsus and Oxxo Collaboration
Finsus, a prominent financial entity, has joined forces with Oxxo, a well-known chain of convenience stores in Mexico, to enhance cash access for users of digital financial services. This partnership aims to provide a practical, secure, and readily available alternative for withdrawing cash.
Details of the New Service
As part of this collaboration, users of Sofipo Finsus can now withdraw cash from their accounts at any of Oxxo’s 24,000+ stores nationwide. The service allows for transactions of up to 3,000 pesos per withdrawal using the Finsus Mastercard debit card.
- To execute a transaction, users must request cash at the counter, insert their card into the terminal, and enter their NIP (numero de identificación personal).
- Each transaction incurs a total cost of 20 pesos, charged by Oxxo.
According to both companies, this initiative seeks to broaden cash access points for digital financial services users, offering a convenient, secure, and 24/7 available option.
Finsus’ Broader Efforts
This partnership aligns with Finsus’ ongoing efforts to strengthen its digital ecosystem and promote financial inclusion. Some of their initiatives for 2025 include launching a guaranteed income credit card to encourage responsible credit access and acquiring Anticipa, a technology firm. This acquisition aims to provide guaranteed financing to small and medium-sized enterprises (SMEs) based on their card sales, with minimum amounts starting at 150,000 pesos and a tailored digital experience for each business.
Oxxo’s Role in Financial Inclusion
Eduardo Velasco, Director of Services at Oxxo Mexico, emphasized the company’s goal to become a key ally in expanding financial services. He stated, “We want people to see Oxxo as an enabler of financial inclusion. Partnerships like this allow us to bring services that simplify daily life and increase accessibility across the country.”
Oxxo’s Other Alliances
In this context, Oxxo has solidified its role as a financial correspondent in 2025 by strengthening its network through partnerships with institutions like Mercado Pago and Nu. These alliances enable users to withdraw cash from their digital accounts.
The technology supporting these operations is provided by Arcus by Mastercard, a platform that facilitates interoperability between digital financial services and physical points. This model of correspondent banking aims to promote financial inclusion by reducing barriers to accessing banking services, particularly in areas with limited traditional bank coverage.
- Recent collaborations include Oxxo’s partnership with Felix Pago, allowing remittance transfers from the U.S. via WhatsApp directly to Spin by Oxxo (IFPE) accounts without recipient fees.
- Oxxo also signed agreements with Odessa and Banco Actinver to offer cash withdrawal services.
Key Questions and Answers
- What is the purpose of the Finsus-Oxxo partnership? The collaboration aims to expand cash access points for digital financial services users, offering a practical, secure, and readily available alternative.
- How does the new service work? Users can withdraw up to 3,000 pesos per transaction at any Oxxo store using their Finsus Mastercard debit card. They must request cash at the counter, insert their card, and enter their NIP.
- What are Finsus’ broader initiatives? Finsus is working on launching a guaranteed income credit card and acquiring Anticipa, a technology firm, to provide guaranteed financing to SMEs based on card sales.
- What is Oxxo’s role in financial inclusion? Oxxo aims to become a key ally in expanding financial services by partnering with institutions like Mercado Pago, Nu, Odessa, and Banco Actinver to offer various financial services across the country.
