Visa Offers Payment Processing Services in Argentina
Visa has announced the launch of VisaNet processing in Argentina, a move that will bring payment innovations and services to Argentine cardholders, merchants, and financial institutions. The card issuer says the launch grows Visa’s share of domestic transaction processing in the Latin America and Caribbean region by more than 10%.
In January, the company began processing Argentina’s domestic Visa payments on VisaNet – the company’s global network. Previously, domestic payments were handled by Prisma, an independent company authorised by Visa to serve as an acquirer-processor for local businesses and to issue Visa cards through local financial institutions.
With the launch of VisaNet, Argentina’s payments are now authorised, cleared, and settled by a the Visa payments network, bringing cyber capabilities, risk management, and value-added products and services, such as EMV Chip, tokenisation, and authentication.