Visa offers payment processing services in new market

Financial institutions, merchants and consumers will gain access to new ways to pay and be paid

contactless payments

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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