Visa spends 12.5 million US dollars on Latin American mobile payment YellowPepper
YellowPepper is a mobile payment and mobile banking service provider that focuses on the Latin American market. Headquartered in Miami, YellowPepper is a pioneer in mobile payment technology in Latin America. In Latin America, huge market demand and a large crowd of young users are gathered here.
According to ZDNet, the overseas authoritative technology media, the company recently announced the completion of a new round of strategic financing, led by global payment service provider Visa, and other companies and institutions to vote.
This financing is D round financing. In the financing, the start-up, YellowPepper, received $12.5 million in strategic investments, the first investment Visa has made in mobile payments in Latin America. The completion of this round of financing will create more and more mobile payment opportunities in the region and further promote Visa’s Visa API and Visa DirectP2P remittance transfer services.
” Eduardo Coello, president of Visa Latin America and the Caribbean, said: “By investing in YellowPepper, we hope to provide Visa’s best technology and capabilities to a wider range of partners and customers in the region.”
Eduardo Coello, president of Visa Latin America and the Caribbean, said: “By investing in YellowPepper, we hope to provide Visa’s best technology and capabilities to a wider range of partners and customers in the region.”
Visa’s investment in YellowPepper is part of its global strategy. Visa’s global strategic vision is to further strengthen its support for new partners in Latin America through the development of the YellowPepper ecosystem to “redefine and enhance the shopping experience of millions of consumers around the world”. After the completion of this round of investment, YellowPepper’s total funds will exceed 50 million US dollars (about RMB 32,0415 million).
Prior to investing in YellowPepper, Visa also completed financing for digital banking SolarisBank, US open payment platform Marqeta, financial technology company Chain, Swedish financial technology company Klarna, US mobile payment company Square and mobile payment company Stripe.
For the recent acquisitions of PAYPAL and VISA, it can be seen that there will be more mergers and acquisitions and competition in the field of mobile payment in the future.
YellowPepper is a US mobile payment solution provider that provides mobile banking and payment solutions to financial institutions in Latin America, including loan applications, bill payments, etc., based on PCI-DSS 3.1 and SSAE SOC 2 certification platforms. Users provide non-industry conversion programs.