MIAMI - ( BUSINESS WIRE ) - Visa (NYSE: V) announced today that it has completed the acquisition of YellowPepper, a pioneering fintech with proprietary technology and partnerships, which supports leading financial institutions and startups in Latin America and the Caribbean. The acquisition, which is the first of its kind for Visa in the region, accelerates the adoption of Visa's 'network of networks' strategy, in order to become a single point of access to initiate multiple types of transactions and enable the safe movement of money.

With an extensive set of API interfaces, YellowPepper's brand agnostic and proven platform enables issuers, processors and governments to quickly and securely access multiple payment lanes for various payment streams across a single connection.

“Bringing YellowPepper into the Visa family will help us expand our network strategy, combining Visa technology and its processing and security capabilities with complementary YellowPepper solutions to ultimately help support today's needs. and future governments, banks and consumers around the world, ”said Eduardo Coello, regional president of Visa Latin America and the Caribbean.

The combination of the two companies should reduce costs for issuers and processors, as well as time to market for financial services, regardless of who owns or operates the payment rails. With YellowPepper, customers will be able to enable new use cases and expand Visa's value-added services, such as tokenization, identity validation, and authentication and risk tools, with the goal of providing an integrated user experience. In addition, the acquisition will also facilitate integration with Visa Direct, the company's real-time payments platform, as well as Visa B2B Connect, Visa's non-card-based B2B cross-border payment network.

About Visa Inc.

Visa Inc. (NYSE: V) is the world's leading digital payments company. Our mission is to connect the world through the most innovative, reliable and secure payment network, which enables people, businesses and economies to prosper. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world and is capable of processing more than 65,000 transaction messages per second. The company's continued focus on innovation is a catalyst for the rapid growth of digital commerce on any device, for everyone, everywhere. As the world moves from analog to digital, Visa is applying its brand, its products, its people, its network and its scale to the task of shaping the new future of commerce. For more information visit About Visa , visa.com/blog and @VisaNews .

About YellowPepper

Founded in 2004, YellowPepper is the pioneer in Latin America in innovative digital financial solutions. The company's proven platform enables issuers to easily launch card- and account-independent real-time solutions, while providing value-added services such as tokenization, identity validation, and risk tools to deliver a complete offering of transactions and services. With operations in nine Latin American countries, the Miami-based company currently serves 50 clients and five million active users per month. For more information, visit www.YellowPepper.com .