Nubank partners with Puntored to enable cash deposits across Colombia

Nu Colombia announced a partnership with Puntored to allow customers to make free cash deposits into their Nu accounts at over 15K locations across the country.

Puntored provides financial services to underbanked individuals in rural and isolated communities in Colombia, and its network of banking correspondents expands Nu’s coverage to 100% of Colombian municipalities.

With this partnership, Nu aims to strengthen its position as a transactional account provider by integrating cash deposits, PSE payments, and Nu Placa into its offering. Nu Placa is a six-digit identifier linked to Nu savings accounts that allows instant, free, and secure transfers between Nu accounts without sharing personal information.