Cision PR Newswire
Coppel introduces the "Coppel Access" mobile wallet that offers immigrant-friendly, accessible financial services in the United States
News provided byGrupo Coppel
Jan 24, 2023, 9:00 AM ET
The Coppel Access mobile wallet app allows the unbanked and underbanked community in the United States to easily create an account, using an official Mexican or U.S. ID. The app provides easy and convenient access to online shopping, making payments in the U.S. and sending money to Mexico.
DENVER, Jan. 24, 2023 /PRNewswire/ -- Grupo Coppel, which operates the largest department store chain in Mexico and the sixth largest banking network in the country, today announced the expansion of its financial services to the United States with the launch of Coppel Access, a multifunctional financial application.
The Coppel Access mobile wallet app was designed with the Mexican community in mind and allows all consumers in the U.S. to easily open and manage an account, insured by the Federal Deposit Insurance Corporation (FDIC)*, using a Mexican or U.S. ID. Once opened, consumers can use the digital or physical debit card in the mobile wallet to open the possibilities of shopping online and on digital platforms, avoiding the risk of carrying cash or keeping large sums of money at home. The Coppel Access mobile wallet can also be used to make transfers between friends and family in the United States.
The added convenience of Coppel Access is that it allows users to send money to family members in Mexico directly from their phone, saving them the time and money of making frequent trips to money transfer locations. "By offering FDIC-insured accounts for sending international remittances, the Coppel Access app continues Grupo Coppel's 80-year-old mission of improving the lives of its customers," said Adrian Jaimes, CEO of Appriza Pay, a U.S.-based affiliate of the Coppel Group.
Families in Mexico can take advantage of receiving remittances at BanCoppel's more than 1,250 branches or directly into their BanCoppel account. "For a decade, Mexicans living in the United States have relied on Coppel to pay their remittances. Today, they can rely on Coppel for all their financial needs in the United States," said Carlos Lopez Moctezuma, Director of Financial Services for Grupo Coppel.
As digital payments become the norm, the unbanked and underbanked community can leverage Coppel Access for modern money management tools that provide time savings, ease, convenience, safety, and control. The Coppel Access app was created to facilitate financial management, to overcome the challenges consumers face with conventional financial institutions, and to advance financial inclusion.
The Coppel Access mobile wallet app is available for download on Apple and Android devices through the App Store and Google Play. Users can also access the Coppel Access mobile wallet at www.coppelaccess.com. Similarly, the website can be accessed on a phone's home screen by quickly and easily adding a shortcut.
*The Coppel Access account and any financial services related to the Coppel Access account services are provided by Mezu (NA), Inc. under Alviere as an agent and service provider of Community Federal Savings Bank, Member FDIC. Coppel Access accounts are FDIC-insured through our bank partner, Community Federal Savings Bank, Member FDIC. Refer to terms and conditions for details.
About Grupo Coppel
A 100% Mexican-owned business group founded in Culiacan, Sinaloa that carries out commercial and financial activities through its subsidiaries Coppel, Coppel América, Coppel Capital and Sakly. Coppel is the largest retail department store chain in Mexico and the sixth largest employer in the country, with more than 80 years of experience. Grupo Coppel operates the sixth largest banking network, is the third largest credit card issuer in Mexico, and manages a large consumer loan portfolio.
About Appriza Pay
Appriza Pay is a cross border payments platform that enables financial institutions to make local payments in destination countries. In a short time, Appriza Pay has become a leader in the USA to Mexico corridor through its expansive payout network, API-driven technology, robust compliance program, and lean business model. Appriza Pay is a US affiliate of the Coppel Group. It was founded in 2015 and is led by a management team with over eighty years of combined experience in the payments industry.
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SOURCE Grupo Coppel