July 31, 2019
Visa and FinTechs
What’s the best way to disrupt a deep-seated tradition? Team up with other disruptors. That best explains why Visa is partnering with fintech startups in Latin America to wean consumers and merchants from their dependency on cash.
With an estimated 75% of financial transactions in the region completed with cash, the payments processing company is searching for fintechs with promising technology that promotes electronic payments.
Once it identifies a candidate, Visa shares its know-how or takes an equity stake in the startup to provide additional support, says Eduardo Coello, head of Visa for Latin America and the Caribbean. The company has a M&A team and consults with v
Brazil's lackluster economy and green bond activity are among the developments to watch