“With Latin America being one of the fastest growing and most innovative regions for e-commerce, the need for a seamless and secure digital payment experience becomes crucial,” said Ralph Koker, vice president of digital solutions for Visa Latin America & the Caribbean. “Tokenization remains one of the most successful ways that Visa uses to fight fraud by removing sensitive payment information and helping increase approval rates. Today, more than half of Visa’s payment credentials in Latin America and the Caribbean are token ready, giving consumers added peace of mind when buying online or via their favorite mobile wallets.” “This partnership builds on the foundation of customers that have already adopted Spreedly throughout Latin America as well as our mutual prospects in the region,” explained Justin Benson, CEO of Spreedly. “The complexity of transacting in Latin America can be daunting. As merchants and platforms look to scale across the region, it’s vital that they are able to adapt their strategy to achieve the highest possible success rates. Spreedly supports network tokenization by provisioning evergreen network tokens from the major card networks, like Visa, that are compatible with any payment service provider. That gives our customers and prospects incredible flexibility to align their payments strategy with their business strategy. We are all very excited to be partnering with Visa to serve this high-growth market.”

https://www.spreedly.com/blog/spreedly-partners-with-visa-to-accelerate-network-tokenization-in-latin-america