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Following a previous strategic investment in YellowPepper in May 2018 and a March 2020 collaboration on a real-time P2P system in Peru, Visa has announced that it is to acquire payments technology company YellowPepper. YellowPepper offers mobile banking and payment solutions to FIs across nine Latin American markets and provides APIs to enable payment flows from multiple rails through a single connection. The deal will broaden Visa’s reach across Latin America and the Caribbean through YellowPepper’s platform as well as leveraging its large customer base of 5 million active monthly users and 50 commercial clients.
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