Today, Telered hosted representatives from Discover Global Network to mark the beginning of their work together. Telered, through the Sistema Clave system, is integrating with the Discover Global Network.

With this agreement, Sistema Clave users will be able to make purchases and payments at more than 70 million global acceptance locations1, as well as on frequently used online merchants and streaming platforms; and withdraw cash at more than 1.8 million ATMs worldwide across Discover's network. Additionally, Discover Global Network cardholders will be able to transact at Telered merchants in Panama.

For local users, the traditional advantages of the Sistema Clave card, such as low cost and PIN security for transactions, will be maintained, and Discover Global Network will help add contactless technology for quick payments and integration with digital wallets and transportation systems like the Panama Metro.

For merchants in Panama, the agreement represents the opening of a new universe of opportunities by allowing transactions from more than 345 million cardholders2 from Discover Network, Diners Club, PULSE and more than 25 strategic alliances from around the world, expanding their potential market. Additionally, the alliance with Discover will provide issuing and acquiring financial institutions with a more robust infrastructure, new security capabilities, will allow the issuance of cards with an international profile, and access to new global alliances.