Denver, CO – January 24, 2023 – Alviere, the leading embedded finance platform provider, is proud to announce that Grupo Coppel, Mexico's largest non-food retailer, has chosen Alviere to enable the launch of Coppel Access, a mobile wallet that will provide millions of unbanked and underbanked consumers in the U.S. with easy access to digital financial services, with its industry leading embedded finance platform.
Coppel Access, developed in partnership with Appriza Pay, Grupo Coppel's U.S.-based subsidiary, will offer consumers a range of financial services including mobile wallets, diverse payment services, physical and digital debit cards, and fast, convenient remittances to Mexico. Coppel Access, which offers FDIC-insured accounts, continues Grupo Coppel's 80-year-old mission of improving its customers' lives.
"The partnership with Alviere and the team's breadth of experience and drive in the development and deployment of Coppel Access proved fundamentally critical and extremely valuable in successfully bringing Coppel Access to market so quickly," said Adrian Jaimes, CEO of Appriza Pay.
Alviere, the first embedded finance provider fully licensed across all 50 states in the U.S., ensures compliance, robust reliability, flexibility, and long-term stability for its clients. "Coppel Access is a prime example of how leading brands can bring financial services to their customers, becoming more central in their lives, and filling a need for the community," said Yuval Brisker, Co-founder and CEO of Alviere. "From inception, we built Alviere to support greater participation in banking where the largest organizations can serve their customers with the secure and comprehensive platform of financial products that we provide. We’re proud to be working with Coppel to make this dream a reality."
To learn more about Coppel Access, visit coppelaccess.com.
Alviere partners with Community Federal Savings Bank to provide FDIC-insured accounts, allowing Alviere clients immediate compliance in addition to the services provided with Alviere’s own licenses.
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 on a pass-through basis through our bank partner, Community Federal Savings Bank, Member FDIC. Refer to terms and conditions for details.
Alviere's embedded finance platform allows any organization to seamlessly integrate financial products and services into their existing offerings. Alviere's platform offers an extensive range of customizable, branded financial products and services, including accounts, cards, payment options, global money transfers, and crypto services. As a regulated financial institution with licenses in both the U.S. and Canada, Alviere prioritizes compliance, security, and fraud prevention. To find out how Alviere can power the financial needs and aspirations of your customers, visit us at alviere.com.
About Appriza Pay
Appriza Pay is a cross border payments platform that enables financial institutions to make local payments in destination countries. Founded in 2015 and led by a management team with over eighty years of accumulated experience in the payments industry, Appriza Pay has quickly 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 an affiliate of the Coppel Group.