The acquisition builds on a strategic partnership and investment Visa made in YellowPepper in May 2018. The YellowPepper platform offers a set of APIs to enable issuers, processors, and governments to access multiple payment rails for many payment flows through a single connection.
YellowPepper will assist with the adoption of Visa’s ‘network of networks’ strategy by reducing the time-to-market and cost for issuers and processors.
The company will also facilitate the integration of Visa Direct, Visa’s real-time push payments platform, and Visa B2B Connect, Visa’s non-card-based payment cross-border B2B network.
YellowPepper’s platform enables financial institutions to launch card and account agnostic real-time solutions, while providing services such as tokenization, identity validation, and risk tools.
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