The acquisition of YellowPepper builds on a strategic partnership and investment Visa made in YellowPepper in 2018
Visa has signed a definitive agreement to acquire YellowPepper. This acquisition will accelerate the adoption of Visa’s “network of networks” strategy.
It’s about reducing the time-to-market and cost for issuers and processors associated with accessing interoperable solutions, regardless of who owns or operates the payment rails.
YellowPepper will facilitate an easier integration to Visa Direct, Visa’s real-time push payments platform, Visa B2B Connect, Visa’s non-card-based payment cross-border B2B network, and value-added services.
Collectively, this will expand digital products and services enablement, provide compelling and safe experiences for the ecosystem, and grow new flow volumes and transactions.
We’ve reported that Brazilian fintech EBANX has announced the launch of EBANX GO. That’s a prepaid card that offers a digital payments account in a partnership with Visa across LATAM.