The card issuer giant made an undisclosed strategic investment in the start-up back in May 2018. Now merged, the two plan to offer “a flexible and low-cost platform” which “connects to multiple networks for new flows” throughout LatAm and beyond.
| less than a minute read
Visa to acquire LatAm API-based payments fintech company YellowPepper
Ruben Salazar, Visa’s innovation and product head for LatAm and the Caribbean, says the deal will help Visa offer a host of better products in these regions. These products will centre around tokenisation, multi-rail integration, identity validation, authentication and risk. The acquisition also fits into Visa’s network-of-networks strategy, according to Eduardo Coello, Visa’s regional president for these two regions. “YellowPepper’s technology, which acts like a ‘universal adapter’, will be key to build on our ’network-of-networks’ strategy to become a single point of access for initiating any transaction type and enabling the secure movement of money.”
