Visa and Scotiabank have announced the signing of a seven-year agreement to support the development of innovative payments solutions and enhance customer experience for Visa cardholders in Central America and the Caribbean. According to an official statement, the relationship will leverage Visa’s technology solutions and know-how to support Scotiabank’s digital transformation across different markets in Central America and the Caribbean.
Scotiabank is a leading financial service provider in America and is committed to offering its customers enhanced digital solutions in the region. The agreement between Visa and Scotiabank includes support to accelerate the growth of contactless technology and other Visa services tailored to the digital transformation needs and roadmap of each participating market of Scotiabank in Central America and the Caribbean.
Brendan King, Senior Vice President for International Banking at Scotiabank, adds: “Our strategic alliance with Visa in Central America and the Caribbean, will reinforce our progress in becoming digital leaders and providing market leading payment solutions for our clients.”
VP Strategic Partnerships and Self-Service Banking at Scotiabank, Bhavna Kaushal, notes that through the relationship with Visa, the Bank will deliver digital payment products and strategies with leading security infrastructure, to support its customers’ needs in the region.
Vice President of Multinational Banks for Visa Latin America and the Caribbean, Franz Strohmeier, observes that the ultimate aim is to provide best-in-class consumer experiences that make paying in person or online, fast, easy and secure.
This enhanced relationship should contribute to consolidate Scotiabank’s position in Central America and the Caribbean, together with Visa’s digital payments role across the region.