Global issuer processor Paymentology is joining forces with ViaCarte, a customisable payment platform and issuer, to increase card issuance across Latin America and the Caribbean.
Through the new collaboration with Paymentology, ViaCarte will offer BIN sponsorship, enabling SMEs to launch their own card programmes. Clients can go to market quickly and cost-effectively thanks to the combined expertise of the two entities.
Clients can enjoy prepaid cards with high card limits (up to $500,000 per card), prepaid cards with the wider acceptance rates of credit cards), extensive loyalty benefits, and the option to add ‘Identicate’ privacy protection, built by cybersecurity giant Norton and global insurer Lloyds of London, to protect cardholders against theft, fraud, as well as data loss online.
Alejandro Del Rio, regional director for Latin America and the Caribbean at Paymentology, commented: “We are thrilled to partner with ViaCarte to bring card issuance and processing solutions to even more clients across Latin America and the Caribbean in a speedy and affordable way. This collaboration shows our commitment to empowering businesses of all sizes with the tools they need to win in today’s fast-paced financial ecosystem.”
Paymentology provides banks, fintechs, and telcos with the latest technology, expert teams, and vast experience to seamlessly issue and process any type of physical or virtual card, including prepaid, debit, credit, multi-currency, Buy Now Pay Later (BNPL), or revolving credit.
Backing card progress in LATAM
ViaCarte’s payment solutions support transactions in over 135 currencies across 111 countries. The company provides white-label card, e-wallets and benefit programmes for institutions and individuals. It also offers physical bank accounts (IBANs), crypto-fiat exchange, crypto loans, payroll and remittance payment services.
Eleuren Mendez, director of risk and compliance at ViaCarte, also said: “By joining forces with Paymentology, we are confident that we can deliver more value to our clients in Latin America and the Caribbean. Our secure, scalable, and customisable payment solutions fulfil the needs of any business looking to launch or expand their card programmes.”
With a strong presence in the Caribbean and Latin America, ViaCarte has attracted some of the region’s largest institutions as clients.
