Reportedly, Visa Inc. (NYSE: V) has completed the acquisition of a fintech pioneer with proprietary technology and partnerships, YellowPepper, lending support to financial institutions and start-ups in regions like Latin America and the Caribbean, first of its kind for Visa in the region.
YellowPepper’s platform will assist issuers, governments, and processors to quickly and securely access multiple payment levels for many payments flows through one single connection reducing issuers’ and processors’ costs and time.
“Bringing YellowPepper into the Visa family will help us build on our ‘network of networks’ strategy, by combining Visa’s proven technology, processing and security capabilities with the complementary solutions of YellowPepper, to ultimately help support the current and future needs of governments, banks and consumers around the world,” stated Eduardo Coello, Regional President for Visa Latin America and the Caribbean.
YellowPepper’s inclusion will further expand Visa’s value-added services, such as authentication, tokenization, identity validation, and risk tools to deliver a hassle-free integrated user experience. The deal will also promote an easier integration with Visa Direct, Visa B2B Connect, Visa’s real-time push payments platform, and Visa’s non-card-based cross-border B2B payment network.
Visa Inc. (NYSE: V) is the world’s leader in digital payments. Their mission is to connect the world through the most innovative, reliable, and secure payment network – enabling individuals, businesses, and economies to thrive. Their 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 connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying its brand, products, people, network, and scale to reshape the future of commerce. To learn more about Visa (V) and to track its ongoing progress please visit the Vista Partners Visa (V) Coverage Page.)
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