Grupo Elektra Democratizes Ecommerce With the New Online Credit

• Tiendas Elektra launches online credit as part of its omni-channel strategy
  
  
• The objective is to democratize access to e-commerce for the majority of the adult population that does not buy online in Mexico
   
• It offers 24/7 access to more than 35,000 products with credit

MEXICO CITY, June 28, 2018 (GLOBE NEWSWIRE) -- Grupo Elektra, S.A.B. de C.V. (BMV:ELEKTRA)* (Latibex:XEKT), Latin America’s leading specialty retailer and financial services company and the largest non-bank provider of cash advance services in the United States, announced today the launch of Elektra Credit through its online platform www.Elektra.com.mx/Credito-Elektra through which it seeks to democratize access to e-commerce for the vast majority of the adult population that has not yet purchased online in Mexico.

According to the "Estudio de Comercio Electrónico en México 2017," conducted by the Mexican Online Sales Association (AMVO in Spanish), one of the main barriers to digital purchases is the lack of access to forms of payments. And according to data from the World Bank, at the end of 2017 there were an estimated 58.7 million people in Mexico without access to a bank account.

Elektra.com.mx seeks to break these barriers and facilitate access for the majority of Mexicans to acquire products subject to their consumption capacity. The requirements to process credit online at Elektra are minimal, easy, quick, and completely digital. Potential users need only to be legal adults with a valid voter ID issued by the National Electoral Institute (INE in Spanish).

"The launch of Elektra Credit online confirms our commitment to offer customers the best omni-channel shopping experience in Mexico as well as Elektra's commitment to innovation," said Fabrice Deceliere, CEO of Tiendas Elektra.

Juan Carlos García, Director of Global e-Commerce and Omni-channel for Tiendas Elektra, added: "This launch is part of our digital transformation with a customer-focused approach and we believe that it will have a positive impact on the well-being of our customers."

The e-catalog of Elektra.com.mx has more than 35,000 products including cell phones, electronics, appliances, motorcycles, furniture and other categories from leading market brands.

Company Profile:

Grupo Elektra is Latin America’s leading financial services company and specialty retailer and the largest non-bank provider of cash advance services in the United States.  The group operates more than 7,000 points of contact in Mexico, the United States, Guatemala, Honduras, Peru, Panama and El Salvador.

Except for historical information, the matters discussed in this press release are forward-looking statements and are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected.  Other risks that may affect Grupo Elektra and its subsidiaries are identified in documents sent to securities authorities.

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