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Visa partners with fintech Tribal in Latam to expand small business offerings

Visa partners with fintech Tribal in Latam to expand small business offerings
Visa partners with fintech Tribal in Latam to expand small business offerings   -   Copyright  Thomson Reuters 2022
By Reuters

By Lisa Pauline Mattackal

– Visa Inc, the world’s largest payment processor, will partner with payment and financing firm Tribal to expand its offerings for small-and-medium-sized businesses in Latin America and the Caribbean, Tribal said on Monday.

Tribal, whose investors include SoftBank’s Latin America Fund, offers credit cards and payment options, including the usage of blockchain technology and stablecoins, to small businesses across Latin America.

The firm said its partnership with Visa would focus on expanding credit lines, updating encryption and safety measures, and improving card distribution.