Scotiabank and Visa have announced the signing of a seven-year agreement to support the development of innovative payment solutions and enhancing the 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.
As a leading financial services provider in the Americas, Scotiabank is committed to providing the best solutions for its customers in this region. In Central America and the Caribbean, Scotiabank is committed to offering its customers enhanced digital solutions.
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.
“At Scotiabank, we believe that digital technology provides opportunities to deliver the best value for our customers with security, trust and convenience,” she stated.
And 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.”
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.
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.
“Scotiabank’s portfolio value offer will be enriched by Visa’s technology, from tokenization to e-commerce solutions. We celebrate this new initiative to accelerate both companies’ business results. We will work alongside Scotiabank, to create next generation payments solutions, which will offer a renewed, frictionless, and secure experience for its cardholders.”
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.