Grupo Financiero Banorte SAB de CVBMV: GFNORTE/O

Mexican lender Banorte integrates Oxxo convenience stores into banking network

· Issued by Grupo Financiero Banorte SAB de CV

Mexican lender Banorte BMV:GFNORTE/O will begin offering its banking services at the nation's ubiquitous Oxxo convenience stores, Oxxo parent Femsa BMV:FEMSA/UB said on Thursday.

  • Customers can make cash deposits to Banorte accounts and credit card payments at Oxxo stores during extended hours, including weekends.

  • According to Femsa, Banorte now operates more than 44,000 service points nationwide, making it the most extensive banking network in Mexico's financial system.

  • Oxxo has partnered with a number of other lenders in recent months for cash deposit services, including Brazil's Nubank NYSE:NU.

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