Nu México Brings Apple Pay to its Moradita Customers

Mexico City, —October 26th, 2021 — Nu México, a technology company offering simple, transparent and human financial service, today brings its customers Apple Pay, a safer, more secure and private way to pay that helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash — and uses the power of iPhone to protect every transaction.

Customers simply hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, or device passcode, as well as a one-time unique dynamic security code. Apple Pay is accepted in grocery stores, drugstores, taxis, restaurants, coffee shops, retail stores, and many more places. 

“At Nu, we are committed to our moradita community and that is why we are always looking to provide solutions and alternatives that adapt to their needs. Our mission is to fight complexity and empower people to regain control of their money through transparent, human and simple financial services. As a 100% digital company, we also always want to offer the most innovative and simple digital payment methods to our clients, and thus promote the financial digitization of Mexicans. Apple Pay is precisely a secure, convenient, simple and highly innovative payment method; we are happy to announce that starting today our customers can also make payments using the moradita through Apple Pay,” says Iván Canales, Senior Director of International Product at Nu. 

Customers can also use Apple Pay on iPhone, iPad, and Mac to make faster and more convenient purchases in apps or on the web without having to create accounts or repeatedly type in shipping and billing information. Nu and Apple Pay make it easier to pay for food and grocery deliveries, online shopping, transportation, and parking, among other things. Apple Pay can also be used to make payments in apps on Apple Watch. 

Security and privacy are at the core of Nu and Apple Pay. When customers use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted, and securely stored in the Secure Element, an industry-standard, certified chip designed to store the payment information safely on the device.

Apple Pay is easy to set up. On iPhone, simply open the Wallet app, tap +, and follow the steps to add Nu’s credit. Once a customer adds a card to iPhone, Apple Watch, iPad, and Mac, they can start using Apple Pay on that device right away. Customers will continue to receive all of the rewards and benefits offered by Nu cards.

For more information on Apple Pay, visit: http://www.apple.com/mx/apple-pay/ 

For more information on Nu México, please visit www.nu.com.mx 

ABOUT NUBANK

Nubank was founded in 2013 to free people from a bureaucratic, slow and inefficient financial system. Since then, through innovative technology and outstanding customer service, the company has been redefining people's relationship with money across Latin America. With operations in Brazil, Mexico and Colombia, Nubank is today one of the world's largest digital banking platforms, reinventing over 40 million customers' financial lives.

Nubank achieved this by offering a no-fee credit card, entirely managed by a mobile app, and a digital account, free of taxes. Nubank also offers transparent and hassle-free personal loans, a business account tailored for SMBs, and life insurance. In 2020, Nubank acquired digital broker Easynvest, now called Nu invest, and became the leader in self-directed digital investments in Brazil. 

Throughout the years, Nubank raised around US$2 billion with some of the best-known growth and technology investors in the world, such as Berkshire Hathaway, Sequoia, DST, Tencent, Tiger, Kaszek, Founders Fund, Dragoneer, TCV, Redpoint, Ribbit, GIC, Whale Rock, Invesco, QED, and Capital Group.

Today, Nubank is a global company, with offices in São Paulo (Brazil), Mexico City (Mexico), Buenos Aires (Argentina), Bogotá (Colombia), Durham (United States) and Berlin (Germany). It was founded in 2013 in Sao Paulo, by Colombian David Vélez, and cofounded by Brazilian Cristina Junqueira and American Edward Wible. For more information, visit www.nubank.com.br.