RS2, a global payments solutions company, has partnered with the challenger bank MOViiRED to launch its new direct acquiring business in Colombia.
RS2’s direct acquiring service will have the capacity to acquire transactions in an omnichannel environment, including ecommerce, MOTO and POS transactions. The company will also issue a variety of card products to consumers in Colombia in partnership with MOViiRED, including prepaid cards, loyalty products, money transfer and gift cards.
Since 2019, MOViiRED’s has used RS2’s processing capabilities, including the RS2 single processing platform for issuing and acquiring. MOViiRED has also implemented the MOVii virtual wallet to provide cardholders and merchants with a frictionless payment experience.
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