What Is Elektra in Mexico?

Grupo Elektra is a Mexican financial and retailing corporation established by Hugo Salinas Price. The company has operations in Latin America and is the largest non-bank provider of cash advance services in the United States.

Is Elektra the same as Western Union?

In 1993, Grupo Elektra and Western Union signed an agreement through which Grupo Elektra was enabled to payout international money transfers in Mexico; the agreement was renewed in 2006, adding under a separate agreement Western Union branded payments services Vigo and Orlandi Valuta.

Is Banco Azteca the same as Elektra?

Banco Azteca was launched in Mexico in 2002, and is the banking unit of Mexican specialty retailer Grupo Elektra; both companies are part of the larger Grupo Salinas.