Visa has inked an agreement to acquire YellowPepper, which works with startups in the Caribbean and Latin America, according to an emailed press release. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. For more information, please visit www.YellowPepper.com. YellowPepper is in the process of becoming a certified Visa token service provider. By combining Visa Direct capabilities with YellowPepper’s proprietary Alias Directory, Customer Identity profile and Smart Routing tools, consumers can now use an email, phone number or other personal credential to exchange money via their bank using a payment option of their choice. YellowPepper will continue to commercially provide its brand-agnostic solutions with CEO Serge Elkiner continuing to lead the YellowPepper team. YellowPepper will facilitate an easier integration to Visa Direct, Visa’s real-time push payments platform, Visa B2B Connect, Visa’s non-card-based payment cross-border B2B network, and value added services, expanding digital products and services enablement For “real time” payments, actual fund availability varies by receiving financial institution, receiving account type, region, and whether transaction is domestic or cross-border. ‘In November 2020, Visa completed its acquisition of YellowPepper, a fintech company that enables real-time payments between card, account, and blockchain networks through a set of application programming interfaces (APIs). Forward-looking statements generally are identified by words such as “will,” “is expected,” and other similar expressions. “We are extremely excited about our acquisition of YellowPepper and how it enhances the growth trajectory of our business in Latin America and the Caribbean. Will Financial Institutions Raise Fees in 2021? In 2020, Visa Direct facilitated 3.5 billion transactions around the world, but this acquisition could drive that figure upwards in the years ahead. Session timeout. “With our acquisition of YellowPepper we will make it easier for clients to enable new use cases and expand our value added services, such as tokenization, multi-rail integration, identity validation, authentication and risk tools to deliver an integrated user experience.”. “Paired together, Visa and YellowPepper can deliver enhanced payment capabilities, providing profound value-added services for issuers, governments and processors in the region. Look for more of this going forward. In other words, the company provides software that makes it easy for clients to send and receive various types of payments. Your session will timeout in 60 seconds Something went … Report: Recurring B2B Payments are Driving Payment Modernization. Visa’s token service provider program gives technology companies a standards-based approach and access to Visa’s broad network of tools and services, including the Visa Token Service, as well as integration, development and marketing support. The company is backed by Visa and is also the recipient of the IFC (World Bank) first equity investment for a Latin America mobile financial company, merging unmatched market knowledge with the latest in payments technology. Acquisition supports Visa’s network of networks strategy and goal to be a single connection point for the movement of money for everyone, everywhere, Serge Elkiner, CEO & Founder of YellowPepper and Eduardo Coello, Regional President for Visa Latin America and the Caribbean are pictured at the Visa Miami Innovation Center in October 2018. Beatriz Salles The acquisition will accelerate Visa’s ability to create innovative and accessible digital payment solutions that empower consumers and businesses, allowing them to thrive socially and economically,” said Eduardo Coello, Regional President for Visa Latin America and the Caribbean. United States Mobile Companies (Top 10K) Visa Latin America and the Caribbean regional president Eduardo Coello said: “We are extremely excited about our acquisition of YellowPepper and how it enhances the growth trajectory of our business in Latin America and the Caribbean. The acquisition will accelerate Visa’s ability to create innovative and accessible digital payment solutions that empower consumers and businesses, allowing them to thrive socially and economically,” said Eduardo Coello, Regional President for Visa Latin America and the Caribbean. Visa Direct: Funds Disbursements and P2P Reach out to get more info on our Payment Platform solutions. The acquisition of YellowPepper builds on a strategic partnership and investment Visa made in YellowPepper in May 2018. Visa (NYSE: V) to acquire YellowPepper, a fintech pioneer with proprietary technology and partnerships supporting leading financial institutions and startups in Latin America and the Caribbean. ‘Visa’s CEO also said the acquisition would allow for easier integration with Visa Direct and Visa B2B Connect. The acquisition builds on an investment and strategic partnership that Visa made in YellowPepper in May 2018. For more information, please visit www.yellowpepper.com. Therefore, actual results could differ materially and adversely from Visa’s forward-looking statements due to a variety of factors, including the timing and outcome of the regulatory approval process, shifts in the regulatory and competitive landscape, YellowPepper's maintenance of relationships with sources of data, cyber incidents, the pace and success of integration, YellowPepper’s success in international expansion, and various other factors, including those contained in our Annual Report on Form 10-K for the fiscal year ended September 30, 2019, and our other filings with the U.S. Securities and Exchange Commission. Media Contacts As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. As readers paying attention to the payments industry (and surely members of CEP) will know, the major cards networks have been expanding their roles into the broader payments space (most notably in B2B uses) now for several years through strategic acquisitions, partnerships, product development, value added services and positioning as a fintech. Visa Completes Acquisition of YellowPepper 11/20/2020 MIAMI -- (BUSINESS WIRE)--Nov. 20, 2020-- Today, Visa (NYSE: V) announced that it has completed the acquisition of YellowPepper, a fintech pioneer with proprietary technology and partnerships supporting leading financial institutions and startups in Latin America and the Caribbean. YellowPepper’s platform offers a … “YellowPepper’s technology, which acts like a ‘universal adapter’, will be key to build on our ’network … Solution Type Payment Platform. Their primary distribution channel remains banks but given the ‘network of networks’ goal, partnerships with other fintechs is core to the effort as well. Examples of forward-looking statements include, but are not limited to, statements we make regarding the timing and likelihood of closing, YellowPepper’s future success, the impact of the acquisition on Visa’s growth, and the other benefits to Visa, developers, financial institutions and consumers. YellowPepper will facilitate an easier integration to Visa Direct, Visa’s real-time push payments platform, Visa B2B Connect, Visa’s non-card-based payment cross-border B2B network, and value added services. Operating in 9 Latin American countries, the Miami-based company currently serves 50 clients and 5 million monthly active users. Readers should browse the article. Likewise, Visa B2B Connect currently reaches 80 markets globally, but YellowPepper’s platform could help the product gain traction in new markets.’, Overview by Steve Murphy, Director, Commercial and Enterprise Payments Advisory Service at Mercator Advisory Group, Analyst Coverage, Payments Data, and News Delivered Daily. Lists Featuring This Company. 786-502-7305, YellowPepper Visa led a funding round in Latin America-focused mobile payments startup YellowPepper. Visa Direct. For example, earlier this year, Visa and YellowPepper enabled the first real-time platform of its kind in Peru to develop PLIN, a P2P solution with Scotiabank, BBVA, and Interbank. Visa’s purchase of YellowPepper will help it accelerate its “network of networks” strategy by reducing the implementation cost and time-to-market for new payments solutions for issuers and processors in Latin America. 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