Visa Will Acquire YellowPepper
MIAMI–(BUSINESS WIRE)–Visa Inc. (NYSE: V) today announced it has signed a definitive agreement to acquire YellowPepper, a fintech pioneer with proprietary technology and partnerships supporting leading financial institutions and startups in Latin America and the Caribbean. The acquisition of YellowPepper builds on a strategic partnership and investment Visa made in YellowPepper in May 2018. The YellowPepper platform offers a rich set of APIs to enable issuers, processors and governments to quickly and securely access multiple payment rails for many payment flows through one single connection.
The acquisition of YellowPepper will accelerate the adoption of Visa’s “network of networks” strategy by significantly reducing the time-to-market and cost for issuers and processors associated with accessing innovative and interoperable solutions, regardless of who owns or operates the payment rails.