Bancomer Transfer Services remittances reach 1,100 Walmart de Mexico stores

USA - English

• Latin America - español

MEXICO CITY, June 23, 2014 /PRNewswire/ -- Walmart de Mexico y Centroamerica and Bancomer Transfer Services Inc. (BTS), part of BBVA's U.S. operations, have teamed up to provide remittances collection services in more than 1,100 Walmart de Mexico y  Centroamerica's stores in Mexico. The move will expand the reach of BTS's money transfer system to more than 13,000 payment locations in Mexico.

For recipients, it means they will be able to collect money sent from the U.S. at even more locations and more conveniently since Walmart stores in Mexico, under the brands Bodega Aurrera, Walmart, Superama and Suburbia, are open year-round and have extended business hours in more than 468 locations throughout the country.

"Remittances are an important part of the economy of many families we serve in Mexico," said Antonio Ocaranza, Corporate Communications director of Walmart de Mexico y Centroamerica, "This partnership with Bancomer Transfer Services will give our customers an extraordinary way to receive family remittances from their relatives in the United States in an easy, fast, safe manner — and at convenient hours." 

"This partnership is obviously a good business decision," said Manolo Sanchez, BBVA U.S. country manager and chairman and CEO of BBVA Compass. "But more than that, it speaks to our abiding goal of building a better future for every person in every community where you see our name. We want to make these kinds of transactions safe and easy so people can then go about the business of living their lives." 

Since Walmart de Mexico and Centroamerica and BTS signed an agreement to provide remittance services in October 28, 2013, service has grown from 672 stores to 1,175 stores in June.

Remittances constitute a major bond between Mexico and the U.S. In April 2014, remittances to Mexico grew 2.1 percent year-over-year, according to Mexico's Central Bank.

Walmart de Mexico y Centroamerica, a subsidiary of Wal-Mart Stores Inc., said that the deal makes the retailer even more of a convenient destination for its customers.

Walmart de Mexico y Centroamerica

Contribuimos a mejorar la calidad de vida de las familias en Mexico y Centroamerica

Walmart de Mexico y Centroamerica es una empresa dedicada al sector comercio que tiene como vision contribuir a mejorar la calidad de vida de las familias en Mexico y Centroamerica. Opera en seis paises: Costa Rica, El Salvador, Guatemala, Honduras, Mexico y Nicaragua. Cuenta con una amplia variedad de formatos, que incluye tiendas de descuento (Bodega Aurrera Express, Despensa Familiar y Pali), supermercados (Superama, Supertienda Paiz, La Despensa de Don Juan, La Union y Masxmenos), bodegas (Bodega Aurrera, Mi Bodega Aurrera, Maxi Pali y Maxi Despensa), hipermercados (Walmart), clubes de precios con membresias (Sam´s Club y ClubCo) y tiendas de ropa (Suburbia), que al 4 de junio de 2014 suman 2,873 unidades. En 2013, Walmart de Mexico y Centroamerica reporto ventas superiores a 420,000 mdp http://www.walmartmexicoycam.com Buscanos en Facebook (Walmart de Mexico y Centroamerica) y Twitter (@WalmartMXyCAM).

About Bancomer Transfer Services

Based in Houston, BTS is an affiliate of BBVA USA, which is part of the BBVA Group (NYSE: BBVA) (MAD: BBVA), a multinational financial service group that operates in more than 30 countries. BTS has provided money transfer services to Mexico since 1995 and expanded to other key Latin American markets in 2002. Today, BTS offers consumer money transfer services to 27 countries with over 40,000 payment locations. With this strong foundation, BTS continues expanding the service in Europe and Asia. The strength of the BBVA global brand, coupled with technology and compliance capabilities, makes BTS an attractive proposition for financial institutions and customers around the world that require money transfer services.

SOURCE Walmart de Mexico y Centroamerica