Paymentology and ViaCarte partner to expand card issuance across Latin America and the Caribbean. Source: Shutterstock.com

Paymentology has announced its strategic partnership with ViaCarte, a user-friendly, customisable payment platform and issuer. This collaboration hopes to improve payments across Latin America and the Caribbean (LAC) by providing card issuance and processing solution.

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. These services are scalable and available anywhere in the world.

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ViaCarte is known for its secure payment solutions, supporting transactions in over 135 currencies across 111 countries via scheme networks. The company provides white-label cards, e-wallets and benefit programmes for institutions and individuals.

With a strong presence in the Caribbean and Latin America (LAC), ViaCarte has attracted some of the region’s largest institutions as clients, making it the ideal partner for Paymentology. 

Paymentology and ViaCarte will increase card issuance in the LAC region, with ViaCarte acting as the BIN sponsoring institution

Clients can enjoy prepaid cards with high card limits,  hybrid functionality (prepaid cards with superior features and the wider acceptance rates of credit cards), loyalty benefits, such as cashback rewards and discounts on travel and retail purchases. It also has the option to add Identicate privacy protection, which was built together with cybersecurity giant Norton and global insurer Lloyds of London, to protect cardholders against theft, fraud or data loss online.

This collaboration offers an all-in-one solution, including BIN sponsorship and a user-friendly dashboard, which simplifies the journey for small and medium-sized financial institutions and enterprises (SMEs) to launch their own card programmes. Clients can go to market exceptionally fast and cost-effectively thanks to the combined expertise of Paymentology and ViaCarte.

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Alejandro Del Rio, Regional Director for LAC 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.”