NovoPayment and Visa Expand Strategic Partnership in Latin America and the Caribbean
December 03 2019 - 10:02AM
Business Wire
Visa makes a strategic investment in
NovoPayment to support the accelerated deployment of solutions to
Visa’s clients and partners
FINNOSUMMIT -- 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.
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the full release here:
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Arnoldo Reyes, Vice President of Digital
Partnerships, Fintech & Ventures for Visa Latin America and the
Caribbean; Anabel Perez, co-founder and CEO of NovoPayment; Ruben
Salazar, Senior Vice President of Products and Innovation for Visa
Latin America and the Caribbean (Photo: Business Wire)
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. For more information,
visit novopayment.com and developer.novopayment.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20191203005707/en/
Catalina Bantula Camps cbantula@visa.com 786-502-7305
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