Wells Fargo Partners With HSBC Mexico

Sunday 13 June 2004 08:18 CET | News

Wells Fargo & Company will create, through a new partnership with HSBC Mexico, the largest distribution channel among U.S. banks for consumer remittance customers in Mexico.

Wells Fargo said the partnership will more than double its current consumer remittance distribution network in Mexico, using Wells Fargos InterCuenta Express product. The new partnership, together with Wells Fargos other banking partnership in Mexico, creates a combined distribution channel of over 3,000 banking stores and 8,200 ATMs in Mexico. HSBC Mexico, one of Mexicos top five financial services institutions, has 1,400 branches and 4,500 ATMs across the country, offering customers convenient Saturday morning, late afternoon and evening hours. InterCuenta Express enables Wells Fargo customers to send money to friends and family in Mexico through a greatly expanded network of branches, ATMs, and extended banking hours. InterCuenta Express, created in 1995, is an account-to-account product that allows customers to send money from their Wells Fargo account directly to their beneficiarys account in Mexico. InterCuenta Express allows customers to safely and conveniently transfer money to Mexico through multiple channels, including phone, store visit, ATM, and Online Banking. Earlier this year, Wells Fargo increased its daily remittance limit from $1,000 to $3,000. This latest partnership reaffirms Wells Fargos commitment to provide products and services that meet the financial services needs of the Hispanic community.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce