As part of the deal, First Data will continue to support BBVA Bancomer’s retail business in Mexico and continue to provide payment processing services to BBVA’s subsidiary, Finanzia USA.
We extended our partnership with First Data because of their ability to provide us value and flexible, quality service, said Ricardo Grebe, director of operations at BBVA Bancomer. In addition, First Data’s strong local presence in Mexico combined with deep industry expertise and understanding of the Mexican payments market is unmatched.
We are pleased BBVA Bancomer renewed its agreement with First Data, said Peter Harrington, president of Latin America and Canada at First Data International. We have a long history with the bank, having provided electronic payments processing services to them since 1994. We are committed to leveraging our expertise in the Mexican marketplace to help BBVA Bancomer further enhance its product and service offering to its customers.
First Data has a strong network in Latin America and has the ability to serve clients in Argentina, Brazil, Costa Rica, Mexico, Miami, Panama, Puerto Rico and Uruguay.
