With the launch of VisaNet services, financial institutions,
merchants and consumers in Argentina will gain access to new and
innovative ways to pay and be paid.
BUENOS AIRES, Argentina--(BUSINESS WIRE)--Jan. 29, 2019--
Visa Inc. (NYSE: V) today announced the launch of VisaNet processing in
Argentina, a move that will bring new payment innovations and services
to Argentine cardholders, merchants, and financial institutions. The
launch grows Visa’s share of domestic transaction processing in the
Latin America and Caribbean region by more than 10 percentage points.
“This is an important milestone for Visa and for Argentina’s electronic
payments ecosystem,” said Eduardo Coello, Regional President of Visa for
Latin America and the Caribbean. “We are committed to working with our
partners to accelerate the adoption of electronic payments. This
includes expanding acceptance and launching new innovations that can
bring more people into the formal and digital economy in Argentina.”
In January, Visa began processing Argentina’s domestic Visa payments on
VisaNet—the company’s secure, scalable and reliable global network
capable of handling more than 65,000 transaction messages a second.1
Previously, domestic payments were handled by Prisma, an independent
company authorized by Visa to serve as an acquirer-processor for local
businesses and to issue Visa cards through local financial institutions.
With the launch of VisaNet, Argentina’s payments are now authorized,
cleared, and settled by a best-in-class payments network, bringing new
cyber capabilities, risk management, and value-added products and
services, such as EMV® Chip, tokenization, and improved authentication.
VisaNet processing will also enable cardholder access to new ways to
pay, including digital wallets, real time peer-to-peer (P2P) and
About Visa Inc.
Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our
mission is to connect the world through the most innovative, reliable
and secure payment network - enabling individuals, businesses and
economies to thrive. Our advanced global processing network, VisaNet,
provides secure and reliable payments around the world, and is capable
of handling more than 65,000 transaction messages a second. The
company’s relentless focus on innovation is a catalyst for the rapid
growth of connected commerce on any device, and a driving force behind
the dream of a cashless future for everyone, everywhere. As the world
moves from analog to digital, Visa is applying our brand, products,
people, network and scale to reshape the future of commerce. For more
information, visit About
Notes to Editors
EMV® is a registered trademark in the U.S. and other countries and an
unregistered trademark elsewhere. The EMV trademark is owned by EMVCo,
1 Visa is now providing processing services for all Visa
transactions issued and acquired in Argentina.
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Source: Visa Inc.