Discover Financial Services (NYSE:DFS) and Banco Popular de Puerto Rico (BPPR), Puerto Rico's largest commercial bank, have announced that they signed an agreement to expand Discover card acceptance in Puerto Rico.
The deal will provide Banco Popular de Puerto Rico merchant customers with access to the millions of cardmembers and billions in spending on the Discover® and Diners Club International networks.
The agreement with Banco Popular de Puerto Rico will provide a significant milestone for Discover, given the popularity of Puerto Rico as a top travel destination. International travelers who enter Puerto Rico can expect Discover cards to be accepted at thousands more merchant locations, providing them with the ability to use their Discover cards at merchants throughout the country.
"The relationship with Puerto Rico's largest commercial bank marks an important growth opportunity for Discover on the island," said Gerry Wagner, Vice President of global acceptance at Discover. "Cardmembers will be able to use their cards wherever they shop in Puerto Rico, allowing them even more opportunities to reap the great rewards offered by Discover."
"We are enthusiastic about the opportunities that our partnership with Discover and its members will create for our more than 20,000 merchant locations, and pleased to add the Discover and Diners Club cards as payment options for more than a million visitors that make Puerto Rico a top travel destination," said Fabio García, Senior Vice President of the Retail Credit Division at Banco Popular.