BDO Unibank Inc., the country’s biggest lender in terms of assets, tied up with Discover Financial Services, a direct banking and payment services firm based in the United States, to launch Diners Club credit cards in the Philippines.
BDO and Discover launched the credit cards in Makati City on Thursday. Diners Club cards now form part of BDO’s extensive lineup of credit card offerings.
BDO executive vice president and consumer lending group head Rolando Tanchanco said Diners credit cards were an ideal complement to the bank’s credit cards business line.
“We introduce the BDO Diners Club credit cards to further expand the dining and travel perks and privileges we offer our cardholders,” Tanchanco said.
He said Diners Club cardholders could now take advantage of a wide range of first-rate services and benefits afforded to all BDO cardholders, as well as access to over 1,200 operating branches nationwide and a large base of merchant acceptance locations.
Discover senior vice president and head of global business development Joe Hurley BDO cardholders now had more choice in payments and access to acceptance around the world.
The tie-up with BDO will also give local cardholders access to over 28 million merchants across the globe.
Tanchanco said two types of cards would be issued—BDO Diners Club International credit card and BDO Diners Club premiere credit card. Both cards earn instant miles for every purchase, P50 to one mile and P30 to one mile, respectively.
Discover is a direct banking and payment services company with one of the most recognized brands in US financial services. Since its establishment in 1986, it has become one of the largest card issuers in the US.
Discover operates a global network comprised of Discover Network, with millions of merchant and cash access locations.