{"id":386263,"date":"2020-11-20T17:18:17","date_gmt":"2020-11-20T22:18:17","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=386263"},"modified":"2020-11-20T17:18:17","modified_gmt":"2020-11-20T22:18:17","slug":"visa-completes-acquisition-of-yellowpepper","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/visa-completes-acquisition-of-yellowpepper\/","title":{"rendered":"Visa Completes Acquisition of YellowPepper"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\">\nVisa Completes Acquisition of YellowPepper\n<\/p>\n<p>MIAMI&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nToday, 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. The acquisition, which is the first of its kind for Visa in the region, accelerates the adoption of Visa\u2019s \u2018network of networks\u2019 strategy, to become a single point of access for initiating multiple transaction types and enabling the secure movement of money.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20201120005677\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201120005677\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201120005677\/en\/841036\/4\/Visa-YP-Teams.jpg\" alt=\"Ruben Salazar, Head of Innovation and Products for Visa Latin America and the Caribbean; Serge Elkiner, CEO &amp; Founder of YellowPepper; Eduardo Coello, Regional President for Visa Latin America and the Caribbean, and Alexander Sj\u00f6gren, CTO of YellowPepper are pictured at the Visa Miami Innovation Center in October 2018. (Photo: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">Ruben Salazar, Head of Innovation and Products for Visa Latin America and the Caribbean; Serge Elkiner, CEO &amp; Founder of YellowPepper; Eduardo Coello, Regional President for Visa Latin America and the Caribbean, and Alexander Sj\u00f6gren, CTO of YellowPepper are pictured at the Visa Miami Innovation Center in October 2018. (Photo: Business Wire)<\/p>\n<\/div>\n<p>\nWith a rich set of APIs, YellowPepper\u2019s proven brand-agnostic platform enables issuers, processors and governments to quickly and securely access multiple payment rails for many payment flows through one single connection.\n<\/p>\n<p>\n\u201cBringing YellowPepper into the Visa family will help us build on our \u2018network of networks\u2019 strategy, by combining Visa\u2019s proven technology, processing and security capabilities with the complementary solutions of YellowPepper, to ultimately help support the current and future needs of governments, banks and consumers around the world,\u201d said Eduardo Coello, Regional President for Visa Latin America and the Caribbean.\n<\/p>\n<p>\nThe combination of both businesses should reduce issuers\u2019 and processors\u2019 costs and time to launch financial services. With YellowPepper, clients will be able to enable new use cases and expand Visa\u2019s value added services, such as tokenization, identity validation, authentication and risk tools to deliver an integrated user experience. In addition, the acquisition will also facilitate an easier integration with Visa Direct, Visa\u2019s real-time push payments platform, and Visa B2B Connect, Visa\u2019s non-card-based cross-border B2B payment network.\n<\/p>\n<p><b>About Visa Inc. <\/b><\/p>\n<p>\nVisa Inc. (NYSE: V) is the world\u2019s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network &#8211; enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company\u2019s relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device, for everyone, everywhere.\u202f As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fusa.visa.com%2Fabout-visa%2Four_business.html&amp;esheet=52333840&amp;newsitemid=20201120005677&amp;lan=en-US&amp;anchor=About+Visa&amp;index=1&amp;md5=769599b41f311ddbe6658a81e919644b\">About Visa<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fvisa.com%2Fblog&amp;esheet=52333840&amp;newsitemid=20201120005677&amp;lan=en-US&amp;anchor=visa.com%2Fblog&amp;index=2&amp;md5=27a9a4b5c0393e1372d7f178a69e004a\">visa.com\/blog<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2FVisaNews&amp;esheet=52333840&amp;newsitemid=20201120005677&amp;lan=en-US&amp;anchor=%40VisaNews&amp;index=3&amp;md5=9729ba15006e3e05b11b205a0efafbfe\">@VisaNews<\/a>.\n<\/p>\n<p><b>About YellowPepper<\/b><\/p>\n<p>\nFounded in 2004, YellowPepper is Latin America&#8217;s pioneer in innovative digital financial solutions. The company\u2019s proven platform enables financial institutions to easily launch card and account agnostic real-time payments solutions, while providing value added services such as tokenization, identity validation and risk tools to deliver a complete transaction and service offering. Operating in 9 Latin American countries, the Miami-based company currently serves 50 clients and 5 million monthly active users. For more information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.yellowpepper.com&amp;esheet=52333840&amp;newsitemid=20201120005677&amp;lan=en-US&amp;anchor=www.yellowpepper.com&amp;index=4&amp;md5=b18bd4c9520387dac3d2072918d3cc0c\">www.yellowpepper.com<\/a>.\n<\/p>\n<p><b>Forward-Looking Statements<span class=\"bwuline\" \/><\/b><\/p>\n<p>\nThis release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are identified by words such as \u201cwill,\u201d \u201cis expected,\u201d and other similar expressions. Examples of forward-looking statements include, but are not limited to, statements we make regarding YellowPepper\u2019s future success, the impact of the acquisition on Visa\u2019s growth, and the other benefits to Visa, developers, financial institutions and consumers.\n<\/p>\n<p>\nBy their nature, forward-looking statements: (i) speak only as of the date they are made; (ii) are not statements of historical fact or guarantees of future performance; and (iii) are subject to risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify. Therefore, actual results could differ materially and adversely from Visa\u2019s 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&#8217;s maintenance of relationships with sources of data, cyber incidents, the pace and success of integration, YellowPepper\u2019s 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, 2020, and our other filings with the U.S. Securities and Exchange Commission.\n<\/p>\n<p>\nYou should not place undue reliance on such statements. Except as required by law, we do not intend to update or revise any forward-looking statements as a result of new information, future developments or otherwise.\n<\/p>\n<p><b>Real Time Payments<\/b><\/p>\n<p>\nFor \u201creal time\u201d payments, actual fund availability varies by receiving financial institution, receiving account type, region, and whether transaction is domestic or cross-border.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201120005677r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201120005677\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201120005677\/en\/<\/a><\/span><\/p>\n<p><b>Visa<br \/>\n<\/b><br \/>Catalina Bantula Camps<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:cbantula@visa.com\">cbantula@visa.com<br \/>\n<\/a><br \/>786-502-7305\n<\/p>\n<p><b>KEYWORDS:<\/b> Florida Brazil United States South America North America Portugal Europe<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Finance Internet Data Management Professional Services Technology<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201120005677\/en\/836326\/3\/58482363cef1014c0b5e49c1.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201120005677\/en\/841036\/3\/Visa-YP-Teams.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Ruben Salazar, Head of Innovation and Products for Visa Latin America and the Caribbean; Serge Elkiner, CEO &amp; Founder of YellowPepper; Eduardo Coello, Regional President for Visa Latin America and the Caribbean, and Alexander Sj\u00f6gren, CTO of YellowPepper are pictured at the Visa Miami Innovation Center in October 2018. (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Visa Completes Acquisition of YellowPepper MIAMI&#8211;(BUSINESS WIRE)&#8211; 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. The acquisition, which is the first of its kind for Visa in the region, accelerates the adoption of Visa\u2019s \u2018network of networks\u2019 strategy, to become a single point of access for initiating multiple transaction types and enabling the secure movement of money. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20201120005677\/en\/ Ruben Salazar, Head of Innovation and Products for Visa Latin America and the Caribbean; Serge Elkiner, CEO &amp; Founder of YellowPepper; Eduardo Coello, Regional President for Visa &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/visa-completes-acquisition-of-yellowpepper\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Visa Completes Acquisition of YellowPepper&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-386263","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Visa Completes Acquisition of YellowPepper - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/visa-completes-acquisition-of-yellowpepper\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Visa Completes Acquisition of YellowPepper - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Visa Completes Acquisition of YellowPepper MIAMI&#8211;(BUSINESS WIRE)&#8211; 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. The acquisition, which is the first of its kind for Visa in the region, accelerates the adoption of Visa\u2019s \u2018network of networks\u2019 strategy, to become a single point of access for initiating multiple transaction types and enabling the secure movement of money. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20201120005677\/en\/ Ruben Salazar, Head of Innovation and Products for Visa Latin America and the Caribbean; Serge Elkiner, CEO &amp; Founder of YellowPepper; Eduardo Coello, Regional President for Visa &hellip; Continue reading &quot;Visa Completes Acquisition of YellowPepper&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/visa-completes-acquisition-of-yellowpepper\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-20T22:18:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20201120005677\/en\/841036\/4\/Visa-YP-Teams.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/visa-completes-acquisition-of-yellowpepper\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/visa-completes-acquisition-of-yellowpepper\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Visa Completes Acquisition of YellowPepper\",\"datePublished\":\"2020-11-20T22:18:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/visa-completes-acquisition-of-yellowpepper\\\/\"},\"wordCount\":901,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/visa-completes-acquisition-of-yellowpepper\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20201120005677\\\/en\\\/841036\\\/4\\\/Visa-YP-Teams.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/visa-completes-acquisition-of-yellowpepper\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/visa-completes-acquisition-of-yellowpepper\\\/\",\"name\":\"Visa Completes Acquisition of YellowPepper - 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The acquisition, which is the first of its kind for Visa in the region, accelerates the adoption of Visa\u2019s \u2018network of networks\u2019 strategy, to become a single point of access for initiating multiple transaction types and enabling the secure movement of money. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20201120005677\/en\/ Ruben Salazar, Head of Innovation and Products for Visa Latin America and the Caribbean; Serge Elkiner, CEO &amp; Founder of YellowPepper; Eduardo Coello, Regional President for Visa &hellip; Continue reading \"Visa Completes Acquisition of YellowPepper\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/visa-completes-acquisition-of-yellowpepper\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-20T22:18:17+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20201120005677\/en\/841036\/4\/Visa-YP-Teams.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/visa-completes-acquisition-of-yellowpepper\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/visa-completes-acquisition-of-yellowpepper\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Visa Completes Acquisition of YellowPepper","datePublished":"2020-11-20T22:18:17+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/visa-completes-acquisition-of-yellowpepper\/"},"wordCount":901,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/visa-completes-acquisition-of-yellowpepper\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20201120005677\/en\/841036\/4\/Visa-YP-Teams.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/visa-completes-acquisition-of-yellowpepper\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/visa-completes-acquisition-of-yellowpepper\/","name":"Visa Completes Acquisition of YellowPepper - 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