Orlandi Valuta and Grupo Elektra Expand Availability of Money Transfer Services to Retail and Bank Locations in Mexico

Posted on: November 17th, 2006
Filed Under: [ Business ] [ Hispanic News ] [ Press Releases ]
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“-Orlandi Valuta, a pioneer in the money transfer business, recently signed an agreement for money transfer services in Mexico with Grupo Elektra, a leading specialty retail and financial services company. Consumers can now receive Orlandi Valuta money transfer transactions sent from the United States at any of Grupo Elektra’s approximately 1,500 stores and bank branches throughout Mexico.

This agreement extends the hours that Orlandi Valuta money transfer transactions are payable to consumers in Mexico. Orlandi Valuta transactions are now payable seven days a week until 9 p.m. in Grupo Elektra locations, including Salinas y Rocha, Bodega de Remates, Elektricity, Elektra and Banco Azteca. With the addition of the Orlandi Valuta brand to the Western Union- and Vigo-branded money transfer services currently offered, Grupo Elektra now offers consumers the full suite of Western Union services.

“This relationship with Grupo Elektra complements Orlandi Valuta’s desire to provide fast, reliable and convenient services located where our consumers live and feel comfortable,” said Liz Alicea-Velez, President, Orlandi Valuta. “Between its retail and banking brands, Grupo Elektra has a profound presence in Mexico. Adding these trusted locations to the Orlandi Valuta agent network and increasing business hours positions us closer to more consumers and makes it simple for them to receive money in Mexico.”

“Our commitment is to build the necessary agreements to enhance the well-being of an increased number of people through faster and safer operations,” said Javier Sarro Cortina, CEO of Grupo Elektra. “More efficient transfers contribute to higher living standards for millions of families in Mexico and Latin America.”"

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