Grupo Exito launches Giros Internacionales Exito, a new payment service for money transfers from the U.S. to Colombia

USA - English

• Latin America - español

MIAMI, Oct. 8, 2013 /PRNewswire/ -- With the aim of offering better service to residents of the United States with friends and relatives in Colombia, for the first time Grupo Exito will be offering a payment service for international money transfers to Colombia. With this service, it will be possible to send money via traditional money transmitters and receive cash  in Colombian pesos at no additional charge to the recipient, in a broad payment network with extended business hours.

Giros Internacionales Exito lets you send and receive money safely and conveniently  due to the large number of establishments in Colombia where the recipient can request the amount sent, which may be as high as US$ 1,000 per transaction.

With this new service, Grupo Exito facilitates the purchasing experience for customers and helps Colombians convert their efforts into happiness for those who are far away," explains Giovanny Velasquez Ruiz, Director of Alternate Channels for Grupo Exito

Safe transfers and a simple procedure for both senders and recipients

Individuals that wish to make a money transfer can go to the branches  of the main transmitters in the United States, and the recipient in Colombia can retrieve the cash at one of the authorized Exito, Carulla or Surtimax stores. Grupo Exito has more than 200 stores in 50 municipalities throughout the country, resulting in easy access to remittances and  outstanding convenience, since they can be requested inside the Exito, Carulla or Surtimax stores during normal business hours.

One of the main advantages of Giros Internacionales Exito is that the company is a trusted brand that Colombians recognize as one of their own. Grupo Exito is part of Colombia and a badge of Colombian identity.  Using Grupo Exito's International Money Transfer service allows Colombians to feel that they have a part of Colombia in the U.S.  because it connects them to their loved ones without having to travel home.

Partners that offer Giros Internacionales Exito the best of their experience 

The process meets all necessary security requirements. The technological platform will operate over the Internet and  transactions will be handled by Banco CorpBanca Colombia, the financial institution associated with the service.

With an altogether different value proposition, Giros Internacionales Exito manages to supplement Grupo Exito's retail offering with a product that offers security and convenience for sending money between the United States and Colombia, by a brand that is always looking to diversify options for its customers.

For more information, as well as to consult the list of participating stores and money transmitters , visit : www.grupoexito.com.co/girosinternacionales.

About Grupo Exito

With 63 years in business, Grupo Exito is Colombia's leading retail sector company. This Colombian chain works with quality products from sectors as diverse as food, domestics, entertainment, textiles, personal hygiene products and electrical appliances.

Grupo Exito recently introduced a new mobile telephone service in Colombia, Movil Exito, a business initiative aimed at servicing the chain's customers and their family members.

Other services and activities supplementing the offerings of Grupo Exito are consumer credit for customers, travel agencies, textile and food industries, e-commerce, fuel distribution and a real estate business that develops shopping centers. Through all of these business lines, Grupo Exito directly employs more than 37,000 people.

About CorpBanca (NYSE: BCA; BCS: CORPBANCA)

CorpBanca (NYSE: BCA; BCS: CORPBANCA) is a commercial bank with headquarters in Chile that also operates in Colombia, Panama, New York and Madrid. Its total assets surpass US$35 billion and   amount to US$3.378 billion in equity. Focusing on large and medium-sized companies as well as individuals, CorpBanca  offers universal banking products. Its business is complemented by affiliates comprising securities brokers, trusts, AGF and financial advisory services. Since 1995, CorpBanca has been part of Grupo Saieh, achieving outstanding performance making it the fourth largest private bank in Chile. This solvency enabled it to acquire Banco Santander Colombia with Grupo Santo Domingo, one of the continent's largest  conglomerates, in 2012.  In 2013, CorpBanca acquired the operations of Helm Bank in Colombia, Panama and the Cayman Islands. In the 3-year period from 2012-2015, CorpBanca's strategy will be based consolidating  its process of regionalization and capitalizing on the benefits of belonging to a group that has a key presence in so many different sectors of the Latin American Economy.

About Transnetwork

With its headquarters in Houston, Texas, Transnetwork provides a turnkey solution for the international money transfer industry, offering its clients, banks and money transmitters in the United States a diversified payment network throughout Mexico, Central and South America, with more than 13,000 payment outlets at the region's major banks and retailers.

Media contact:
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Phone, Madrid, Spain: (34) 634 691 473

SOURCE Grupo Exito