In an effort to provide its digital service in Latin America, Visa Inc. (V - Free Report) has entered into an agreement with YellowPepper — a pioneer in mobile payments. This investment will be the first of its kind in the region and reflects the company’s concerted effort in enhancing its digital capabilities.
With this agreement, Visa intends to focus on growing opportunities for tokenized payments, increasing access to Visa APIs, and expanding the usage of push payments via Visa Direct.
YellowPepper has been the chosen one for Visa, given the former’s extensive experience in the region and strength of their existing client base, which would provide a jump start to Visa’s payments business.
This agreement will make YellowPepper a Visa Token Service Provider, allowing it to offer Visa’s secure, digital payment token services, via any Internet connected device.
Visa has targeted the Latin American region, which has relatively lagged the other countries in mobile payment adoption. The market remains largely underpenetrated and thus provides abundant scope for Visa’s growth.
With YellowPepper, Visa is seeking a global strategy to reach to new partners and customers.
Mobile payment adoption is growing given its ease of use and enhanced security. A number of ways by which a mobile can be used for payments include near-field communications (NFC), mobile wallets, SMS and wireless application protocol. Mobile is the future of payments and companies like Mastercard Incorporated (MA - Free Report) , Visa, PayPal Holdings, Inc. (PYPL - Free Report) are beefing up their investments in the mobile payments’ technology.
In the past year, Visa’s shares have added 40% compared with the 35% growth by the industry. The outperformance reflects the company’s strong business growth and value accretion from acquisitions and numerous partnership and tie-ups.
Visa carries a Zacks Rank #2 (Buy). Another stock with the same Zacks Rank as Visa is Alliance Data Systems Corp. .
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Alliance Data beat estimates in two of the last four quarters, with an average positive surprise of 2.15%.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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In an effort to provide its digital service in Latin America, Visa Inc. (V - Free Report) has entered into an agreement with YellowPepper — a pioneer in mobile payments. This investment will be the first of its kind in the region and reflects the company’s concerted effort in enhancing its digital capabilities.
With this agreement, Visa intends to focus on growing opportunities for tokenized payments, increasing access to Visa APIs, and expanding the usage of push payments via Visa Direct.
YellowPepper has been the chosen one for Visa, given the former’s extensive experience in the region and strength of their existing client base, which would provide a jump start to Visa’s payments business.
This agreement will make YellowPepper a Visa Token Service Provider, allowing it to offer Visa’s secure, digital payment token services, via any Internet connected device.
Visa has targeted the Latin American region, which has relatively lagged the other countries in mobile payment adoption. The market remains largely underpenetrated and thus provides abundant scope for Visa’s growth.
With YellowPepper, Visa is seeking a global strategy to reach to new partners and customers.
Mobile payment adoption is growing given its ease of use and enhanced security. A number of ways by which a mobile can be used for payments include near-field communications (NFC), mobile wallets, SMS and wireless application protocol. Mobile is the future of payments and companies like Mastercard Incorporated (MA - Free Report) , Visa, PayPal Holdings, Inc. (PYPL - Free Report) are beefing up their investments in the mobile payments’ technology.
In the past year, Visa’s shares have added 40% compared with the 35% growth by the industry. The outperformance reflects the company’s strong business growth and value accretion from acquisitions and numerous partnership and tie-ups.
Visa carries a Zacks Rank #2 (Buy). Another stock with the same Zacks Rank as Visa is Alliance Data Systems Corp. .
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Alliance Data beat estimates in two of the last four quarters, with an average positive surprise of 2.15%.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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