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What services does Elektra in Mexico provide?

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Quick Answer

The Mexican company Grupo Elektra, or Elektra Group, provides commercial and financial services via ownership of a slate of businesses, including Advance America, Banco Azteca and Elektra, a consumer electronics retail chain. The company serves customers in much of Latin America, including Honduras, Panama, Peru and Brazil, according to Grupo Elektra.

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Full Answer

The Grupo Elektra consumer electronics and furniture chain offers its customers consumer credit accounts for long-term financing of its products. Grupo Elektra arranges its financing plans and accounts in Elektra stores and serves consumer needs with its Banco Azteca chain of banks, as Economia explains.

The Grupo Elektra company Advance America provides financial services in the United States from more than 2,400 locations. Its payday loan program offers short-term loans to customers who encounter small financial emergencies between paychecks. Advance America also offers customers assistance in the sending and receiving of money transfers at its service counters as part of its cooperation with the company MoneyGram. Additionally, the company offers tax preparation and filing services as well as free estimates of customers' tax returns via a cooperation with the company eTax, as Advance America describes.

In Mexico, Grupo Elektra also owns franchises of Blockbuster Video. At each location, the company offers both movies and video games for sale and rental, according to Grupo Elektra.

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