Paytech, NovoPayment has acquired a Mastercard certification, as a part of the Mastercard Community Enablement Associate programme, to change and course of Mastercard transactions in Mexico.
The Community Enablement Associate (NEP) programme is a Mastercard initiative that allows service suppliers — the distributors of Mastercard-licensed issuers and acquirers who usually have a totally oblique relationship with Mastercard — to play a pivotal position in expediting product innovation. They will cut back time to market and improve total efficiency and operational effectivity for his or her clients.
The direct partnership with Mastercard opens the door for service suppliers to collaborate on initiatives that drive worth, innovation and seamless experiences within the evolving cost ecosystem.
Previous to Mexico, NovoPayment has acquired certifications in Chile, Colombia, Ecuador, Peru and Venezuela as card issuer processors.
“Our group has a protracted, profitable observe file of supporting shoppers throughout Latin America. We’ve labored in Mexico since 2009 and have a deep understanding of the market,” mentioned Angelique Strauss, chief development officer of NovoPayment. “With this certification to course of Mastercard transactions in Mexico, NovoPayment continues to execute on our multi-rail funds technique to assist our shoppers’ ongoing calls for, along with providing larger selection and suppleness.”
By the NEP programme, direct entry to Mastercard additionally allows NovoPayment to extend pace to market via the flexibility to check its merchandise and options upfront, making certain alignment with Mastercard requirements.
Talking solely to The Fintech Occasions, Strauss added: “As a supplier of mission-critical monetary infrastructure, we play a key position in serving to shoppers throughout the Americas push into the brand new funds paradigm. Given the success of our partnership with Mastercard in Chile, Colombia, Ecuador, Peru, and Venezuela, extending the benefits of the Mastercard certification to our companions in Mexico was a logical step for us.”
Different notable corporations which might be part of the Mastercard NEP programme embody Marqeta and Nymcard.