BDO Unibank Inc. is the Official Diners Club International Franchise in the Philippines
October 27 2016 - 10:00AM
Business Wire
BDO Unibank Inc. (BDO) is now the exclusive issuer of Diners
Club cards in the Philippines, as well as acquiring partner for
Diners Club International Ltd., a business unit of Discover
Financial Services and a part of the Discover Global Network.
BDO opens up new opportunities in the Philippines for Diners
Club and Discover cardholders through a large base of merchant
acceptance locations and access to over 1,000 operating branches.
As a franchise, BDO will enable Diners Club to extend its global
merchant footprint and issuing while solidifying its position as a
premier card option for consumers in the Philippines by providing
them access to merchants all over the world wherever Diners Club is
accepted.
“By working with BDO, we’re aiming to make our cardholder
experience even more seamless by continually focusing on an
increase in global acceptance all while continuing to offer unique
benefits to our partners like access to more than 700 Diners Club
airport lounges globally,” said Diane Offereins, president of
payment services for Discover.
Discover Global Network is the third largest payments network in
the world1 with over 37 million merchant acceptance locations and
1.9 million ATM and cash access locations across 185 countries and
territories. Discover Global Network includes Discover, Diners Club
International, PULSE and affiliated networks.
According to Rolando C. Tanchanco, BDO Executive Vice President
and Consumer Lending Group Head, “Our new partnership with Diners
Club will allow us to boost our line-up of credit card offerings
and augment our cardholder perks and privileges with more travel
programs, exclusive merchant offers and specialized lifestyle
initiatives.”
About BDO
BDO is the Philippines’ largest bank in terms of total assets,
customer loans, deposits and trust funds under management based on
published statements of condition as of 30 June 2016. It provides a
complete array of industry-leading products and services including
Lending (corporate and consumer), Deposit-taking, Foreign Exchange,
Brokering, Trust and Investments, Credit Cards, Corporate Cash
Management and Remittances in the Philippines. Through its local
subsidiaries, the Bank offers Investment Banking, Private Banking,
Leasing and Financing, Rural Banking, Bancassurance, Insurance
Brokerage and Stock Brokerage services.
BDO has one of the largest distribution networks, with more than
1,000 operating branches and over 3,000 ATMs nationwide. It also
has a branch in Hong Kong as well as 27 overseas remittance and
representative offices in Asia, Europe, North America and the
Middle East.
In the credit card industry, BDO issues the most brands in the
country, namely MasterCard, Visa, JCB, UnionPay, American Express,
including corporate and tie-up cards with different companies, and
now Diners Club. The bank likewise dominates the merchant acquiring
business in the Philippines with BDO terminals being the only
terminals in the industry to accept the six (6) credit card brands
and all locally issued ATM/Debit Cards. For more information, visit
www.bdo.com.ph.
For more information, please visit www.bdo.com.ph.
About Diners Club International Ltd.
Established in 1950, Diners Club International became the first
multi-purpose charge card in the world, launching a financial
revolution in how consumers and companies pay for products and
services. Today, Diners Club is a globally-recognized brand serving
the payment needs of select and affluent consumers, offering access
to more than 700 airport lounges worldwide, and providing
corporations and small business owners with a complete array of
expense management solutions. With acceptance in more than 185
countries and territories, millions of merchant locations and
access to more than 1 million cash access locations and ATMs,
Diners Club, as a part of the Discover Global Network, is uniquely
qualified to serve its cardmembers all over the world. Diners Club
International is a wholly owned subsidiary of Discover Financial
Services (NYSE: DFS), a direct banking and payment services company
with one of the most recognized brands in U.S. financial services.
For more information, visit www.dinersclub.com.
About Discover
Discover Financial Services (NYSE: DFS) is a direct banking and
payment services company with one of the most recognized brands in
U.S. financial services. Since its inception in 1986, the company
has become one of the largest card issuers in the United States.
The company issues the Discover card, America's cash rewards
pioneer, and offers private student loans, personal loans, home
equity loans, checking and savings accounts and certificates of
deposit through its direct banking business. It operates the
Discover Network, with millions of merchant and cash access
locations; PULSE, one of the nation's leading ATM/debit networks;
and Diners Club International, a global payments network with
acceptance in more than 185 countries and territories. For more
information, visit www.discover.com/company.
1 Retail Banking and Research, August 2015
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version on businesswire.com: http://www.businesswire.com/news/home/20161027005133/en/
Media ContactsBDO Unibank
Inc.Anamarie M. Reyes+63(2)
878-4628reyes.anamarie@bdo.com.phorDiscover/Diners Club
InternationalSarah Grage
Silberman+1-224-405-6029sarahgragesilberman@discover.com@Discover_News
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