Riverwoods, IL and Makati, Philippines, October 19, 2016 – 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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