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Non-Tech : Visa Inc. (NYSE: V)
V 336.90-1.1%9:30 AM EST

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From: JakeStraw10/23/2018 8:34:39 AM
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Visa Makes Strategic Investment in Conductor to Accelerate Adoption of Digital Payments in Brazil
businesswire.com
The investment reinforces the existing partnership between Visa and Conductor, as well as the companies’ shared vision for driving adoption of digital payments across e-commerce and mobile commerce in Brazil. Backed by Riverwood Capital since 2014, Conductor has become a key technology-processing platform for retailers, banks, and other companies in Brazil looking to issue different type of cards and digitize their payments, resulting in better engagement and increased loyalty amongst consumers.
Visa and Conductor’s areas of focus and product expansion plans include developing issuer-focused solutions for tokenizing payments via mobile wallets, improving access to Visa APIs, expanding the usage of push payments with Visa Direct, and increasing acceptance of digital payments among small and medium businesses, among other initiatives.
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