Visa, a leading global payments technology company, has announced a strategic partnership with YellowPepper,
a mobile banking and payment solutions provider, and ABHI, a digital payment technology company. This
alliance aims to revolutionize the digital payments ecosystem in Latin America and the Caribbean.
YellowPepper specializes in providing mobile banking solutions and has a strong presence in Latin American
markets. ABHI, on the other hand, is a technology-focused company, known for its innovative payment
solutions. By joining forces, Visa, YellowPepper, and ABHI intend to offer enhanced payment experiences and
drive the adoption of digital payments across the region.
The Benefits of the Partnership
The partnership between Visa, YellowPepper, and ABHI brings numerous benefits to consumers, businesses, and
financial institutions in Latin America and the Caribbean:
- Improved Access to Financial Services: The collaboration will advance financial inclusion by making it easier
for individuals to access and use digital financial services, even in remote areas. - Enhanced Security: By leveraging Visa’s secure payment infrastructure and ABHI’s cutting-edge technology,
the partnership will provide robust security measures to protect consumers’ sensitive payment information. - Seamless Cross-border Payments: The alliance aims to facilitate seamless cross-border transactions by
streamlining payment processes and reducing complexities. - Accelerated Merchant Adoption: Through this partnership, more merchants across the region will be motivated
to accept digital payments, which can lead to increased sales opportunities and customer satisfaction.
Expanding the Reach of Digital Payments
Latin America and the Caribbean have seen significant growth in digital payments over the last few years.
However, there is still ample room for expansion. According to recent studies, only about 50% of the region’s
population have access to bank accounts, and cash remains the primary payment method.
With the partnership between Visa, YellowPepper, and ABHI, the aim is to accelerate the transition towards a
cashless society by empowering more individuals and businesses with secure and convenient digital payment
options. The combined expertise of these companies will play a pivotal role in shaping the digital payments
landscape in the region.
Looking Ahead
The collaboration between Visa, YellowPepper, and ABHI promises to redefine the future of payments in Latin
America and the Caribbean. By establishing an inclusive and reliable digital payment ecosystem, the partnership
will drive economic growth, foster financial inclusion, and deliver convenient payment experiences to consumers
and businesses alike.
As the region embraces digital transformation, this strategic alliance is expected to be a catalyst for change
and innovation, unlocking new opportunities for individuals and businesses, while paving the way for a more
advanced and connected society.
For more information about this partnership, please visit the official websites of Visa,
YellowPepper, and ABHI.