RIVERWOODS, Ill. & MAKATI, Philippines--(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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Source: Diners Club International Ltd.