#PayTech / Visa to acquire YellowPepper for LatAm push

Visa is to acquire payments technology firm YellowPepper in an effort to extend its influence across the region and the Caribbean.

Founded in 2014 and operating in nine Latin American countries, the Miami-based company currently serves 50 clients and 5 million monthly active users.

The YellowPepper platform offers a set of APIs to enable issuers, processors and governments to access multiple payment rails through a single connection… [Visa Latin America and the Caribbean:] “YellowPepper’s technology, which acts like a ‘universal adapter’, will be key to build on our ’network of networks’ strategy to become a single point of access for initiating any transaction type and enabling the secure movement of money.”