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August 7, 2019

Comex to distribute Poni Cash Cards in Mexico

Comex, a PPG brand, has signed an agreement to distribute Poni Cash Cards throughout Mexico.

The collaboration is a result of the expanding remittances market between US and Mexico.

Under the agreement, Comex will make Poni Cash Cards available across its network of more than 4,500 stores and concessionaires.

The card will give existing and potential customers of Comex the convenience of zero-fee ATM remittance payout.

Poni Mexico country manager Gricha Raether Palma said: “We are proud to offer the zero-fee ATM remittance payout solution to the remittance receivers in Mexico.

“Remittance beneficiaries only need to purchase a Poni Cash Card for $10 pesos ($0.51) from any Comex store and register it with a simple phone call in order to use any of the more than 50,000 ATMs throughout Mexico.

“The partnership with Comex enables us to offer the Poni Cash Card, a critical ingredient to this innovation, in more than 4,500 Comex stores in strategic urban and rural areas where receivers typically live.”

Comex retail director Fernando Rubin said: “Our priority is to offer the best buying experience for the millions of people who visit our Comex stores every year. This partnership with Poni enables us to increase benefits and accessibility for our customers.”

Poni’s international remittances technological focusses on Mexico’s beneficiaries, especially the 56% unbanked population.

This technology will also check the challenges customers face when trying to cash out their money.

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