CORRECTING AND REPLACING CAPTION Visa & YellowPepper Partner to Accelerate New Payment Solutions in Latin America & the Carib...
July 14 2017 - 11:10AM
Business Wire
YellowPepper will help financial institutions
in the region to implement new payment experiences for their
clients
Please replace the caption with the accompanying corrected
caption.
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View the full release here:
http://www.businesswire.com/news/home/20170714005225/en/
Top row from left to right: Daniel
Andrade, Director of Product Solutions and New Payment Enablers,
Visa LAC; Allen Cueli, Senior Director of Product Solutions and New
Payment Enablers, Visa LAC; Alexander Sj�gren, CTO, YellowPepper;
Ruben Salazar, Senior Vice President of Product & Solutions,
Visa LAC. Bottom row from left to right: Serge Elkiner, founder and
CEO, YellowPepper; and Vanesa Meyer, Head of Innovation and
Strategic Partnerships, Visa LAC. (Photo: Business Wire)
The release reads:
VISA AND YELLOWPEPPER PARTNER TO ACCELERATE NEW
PAYMENT SOLUTIONS IN LATIN AMERICA AND THE CARIBBEAN
YellowPepper will help financial institutions
in the region to implement new payment experiences for their
clients
Visa Inc. (NYSE:V) today announced a partnership agreement with
YellowPepper, a mobile payments pioneer in Latin America, to help
accelerate the adoption of new payment solutions in Latin America
and the Caribbean (LAC). As part of the partnership, the first of
its kind in the region, YellowPepper will help Visa issuers,
acquirers and merchants to implement solutions to deliver new
payment customer experiences. Specifically, YellowPepper will aid
with the implementation of particular solutions, including project
management services, UX design and services for the development and
delivery of mobile applications.
“As the payments industry shifts from plastic to digital, it
becomes increasingly important to collaborate with fintechs to
deliver new user experiences,” said Allen Cueli, senior director of
product solutions and new payment enablers for Visa LAC.
“YellowPepper has the skill set and existing footprint in the
region to help us accelerate time to market for our clients and
penetrate new use cases and segments,” he added.
“We are proud to partner with Visa to accelerate the deployments
of digital payments solutions in the region,” said Serge Elkiner,
founder and CEO of YellowPepper. “This partnership will enable us
to deliver a truly powerful digital experience that is secure, fast
and most importantly convenient to consumers and businesses in
Latin America and the Caribbean.”
YellowPepper will leverage its digital payment platform along
with Visa APIs such as Visa Token Service, that helps build digital
payment experiences while protecting sensitive information; Visa
Checkout, that makes it easier to pay online or by mobile device;
and Visa Direct, that allows consumers to transfer funds
seamlessly, securely and quickly.
YellowPepper is also a certified Visa token service provider.
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.
As mobile and digital payments become the norm, Visa’s goal is
to ensure that all payments are simple, convenient and secure,
regardless of the device that is used to pay – whether a wearable,
phone, appliance or any device connected to the internet.
About YellowPepper
Founded in 2004, YellowPepper is the mobile payments pioneer in
Latin America with proprietary technology and partnerships with
leading financial institutions and fintechs. YellowPepper provides
a payment platform that gives consumers, merchants, issuers and
processors the means to revolutionize the purchasing experience.
Operating in 9 Latin American countries the Miami-based company
currently enables over 6.5 million monthly active users that
execute 380 million transactions yearly, while connecting them with
more than 400,000 merchants. For more information, please visit
www.yellowpepper.com.
About Visa
Visa Inc. (NYSE:V) is a global payments technology company that
connects consumers, businesses, financial institutions, and
governments in more than 200 countries and territories to fast,
secure and reliable electronic payments. We operate one of the
world’s most advanced processing networks — VisaNet — that is
capable of handling more than 65,000 transaction messages a second,
with fraud protection for consumers and assured payment for
merchants. Visa is not a bank and does not issue cards, extend
credit or set rates and fees for consumers. Visa’s innovations,
however, enable its financial institution customers to offer
consumers more choices: pay now with debit, pay ahead with prepaid
or pay later with credit products. For more information, visit
https://usa.visa.com/ and @VisaNewsLatam.
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version on businesswire.com: http://www.businesswire.com/news/home/20170714005225/en/
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