NovoPayment, an enabler of digital financial services for the Americas, announced on Tuesday it has expanded its strategic partnership with Visa in Latin America and the Caribbeans. Along with the partnership expansion, Visa has reportedly made a strategic investment in NovoPayment.
NovoPayment reported that over the last two years, it and Visa have made significant advancements in the digitization of payments across the region, including 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.
Speaking about the partnership, Anabel Perez, co-founder and CEO of NovoPayment, stated:
“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.”
Ruben Salazar, Senior Vice President of Products and Innovation for Visa Latin America and the Caribbean, went on to add:
“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. 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.”