Business Latin America: NovoPayment and Visa Expand Strategic Partnership in Latin America and the Caribbean
Business Latin America: NovoPayment and Visa Expand
Strategic Partnership in Latin America and the Caribbean
Visa makes a strategic investment in NovoPayment to
support the accelerated deployment of solutions to Visa’s clients and partners
NovoPayment, a Banking-as-a-Service platform
category leader, and Visa Inc., the world’s leader in digital payments, today announced
an expansion of their strategic partnership to enable financial institutions
and merchants to deploy Visa’s digital solutions in Latin America and the
Caribbean. Visa has also made a strategic investment in NovoPayment.
Over the last two years, Visa and NovoPayment have
made significant advancements in the digitization of payments across the
region: from enabling apps with multi-functional capabilities for issuers,
merchants and acquirers, to accelerating the deployment of Visa Direct, Visa’s
real-time payments solution, and Visa Token Services for various use cases
including payouts and peer-to-peer payments, as well as facilitating
business-to-business money movements in markets like Mexico and Colombia.
Through its modular API delivery model and
footprint in 12 markets across the Americas, NovoPayment provides accelerated
time-to-market in the adoption of key Visa solutions, embedding them into new
use cases such as digital account origination (new and simple ways of creating
a bank account), instant card issuance and disbursements, driving secure
commerce and the digital economy.
Anabel Perez, co-founder and CEO of NovoPayment,
said, “We’re delighted to see that our shared vision for success is being
realized, by expanding our partnership with Visa in such a way. It’s a
testament of our proven enablement model and commitment to collaboration.”
“Partnerships are fundamental to Visa’s business
model and the expansion of our strategic partnership with NovoPayment is
another example of how collaboration will ultimately help our clients deliver
improved customers experiences faster and easier than ever,” said Ruben
Salazar, Senior Vice President of Products and Innovation for Visa Latin
America and the Caribbean. “I am proud of all the work we have done over the
years with NovoPayment and look forward to continuing to support our customers
as they continue to adapt in this rapidly evolving payments landscape.”
Visa is committed to working with payment enablers
like NovoPayment to support the integration of new startups and fintech players
into the ecosystem. Arnoldo Reyes, Vice President of Digital Partnerships,
Fintech & Ventures for Visa Latin America and the Caribbean explains, “At
Visa we continue to work with platform partners to accelerate the integration
of new fintech players interested in launching Visa technologies like Visa
Token Service, Visa Direct, Virtual Cards and many others. NovoPayment will be
a key partner for our Fintech Fast Track program, helping speed-up the time it
takes for these new players to start working with Visa, and most importantly
accelerate the time-to-market of their solutions.”
About Visa Inc.
Visa Inc. (NYSE: V) is the world’s leader in
digital payments. Our mission is to connect the world through the most innovative,
reliable and secure payment network - enabling individuals, businesses and
economies to thrive. Our advanced global processing network, VisaNet, provides
secure and reliable payments around the world, and is capable of handling more
than 65,000 transaction messages a second. The company’s relentless focus on
innovation is a catalyst for the rapid growth of digital commerce on any device
for everyone, everywhere. As the world moves from analog to digital, Visa is
applying our brand, products, people, network and scale to reshape the future
of commerce. For more information, visit About Visa, visa.com/blog
and @VisaNews.
About NovoPayment
NovoPayment, a category leader in the area of
Banking as a Service (BaaS) platforms, enables digital financial and
transactional services in support of varied use cases. The company’s bank-grade
solutions use APIs and other flexible delivery models to help banks, financial
institutions, merchants, networks, marketplaces, neo banks and other financial
service providers to leverage their existing systems to generate new deposits,
transaction streams and customer experiences.