Financial institutions, merchants and consumers will gain access to new ways to pay and be paid
![contactless payments](https://payspacemagazine.com/wp-content/uploads/2018/10/visa.jpg)
Visa offers payment processing services in new market. Source: shutterstock.com
Visa announced the launch of VisaNet processing in Argentina. The launch grows company’s share of domestic transaction processing in the Latin America and Caribbean region by more than 10%.
In January, Visa began processing Argentina’s domestic Visa payments on VisaNet—the company’s global network capable of handling more than 65,000 transaction messages a second. Previously, domestic payments were handled by Prisma, an independent company authorized by Visa to serve as an acquirer-processor for local businesses and to issue Visa cards through local financial institutions.
VisaNet processing will enable cardholder access to new ways to pay, including digital wallets, real-time P2P and contactless payments.
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