PARTNER NEWS: Carta Worldwide is to provide its host card emulation (HCE) technology to Latin American mobile payments specialist YellowPepper, allowing it to offer the “latest in mobile payments technology” to the region’s banks and merchants.
“This technology will bring banks, merchants and consumers in the region the latest in mobile payments technology,” YellowPepper says. “This addition will help YellowPepper in their continued expansion across Latin America by providing a variety of solutions designed to fit any client.”
“We see the Latin American market as having huge potential for our company,” says Carta CEO Brian Semkiw. “We are very pleased to be working with a proven, successful and innovative organisation like YellowPepper to support our business development efforts in the region.”
Full details can be found in the press release below:
YellowPepper Partners With Carta Worldwide To Bring HCE NFC Mobile Payments To Latin America
YellowPepper to Expand Product Line Bringing Carta Worldwide’s Award-Winning Host Card Emulation Technology to the Region
MIAMI, June 8, 2015 — YellowPepper, Latin America’s leading mobile payment and banking company, announced today a partnership with Carta Worldwide, an award-winning international leader in digital transaction technology specializing in mobile and emerging payments, to bring Host Card Emulation (HCE) NFC mobile payments to Latin America. YellowPepper will expand its existing product line to include HCE technology.
“We are excited to introduce HCE to our existing clients and further expand our reach by offering this new technology to the fast-growing Latin American market,” said Serge Elkiner, co-founder and CEO of YellowPepper. “Our mission is to revolutionize the payment experience for consumers in Latin America, and we’re thrilled to be working alongside a global and proven industry leader like Carta to bring mobile payments to the masses.”
HCE is a software-based solution that allows an NFC enabled device to simply provision a card and make secure, contactless transactions without the need to access a hardware secure element (SE). This technology will bring banks, merchants and consumers in the region the latest in mobile payments technology. This addition will help YellowPepper in their continued expansion across Latin America by providing a variety of solutions designed to fit any client.
Carta Worldwide will provide their HCE technology to YellowPepper that will, in turn, leverage its regional footprint with more than 50 leading financial institutions and retailers to introduce the new technology to them and future clients.
Carta’s HCE technology received the top award for NFC payment solutions, and was awarded ‘Best Contactless Solution’ at the 2014 Emerging Payments Awards.
Brian Semkiw, CEO of Carta Worldwide, commented, “We see the Latin American market as having huge potential for our company. We are very pleased to be working with a proven, successful and innovative organization like YellowPepper to support our business development efforts in the region.”
Poised to revolutionize payments in Latin America, YellowPepper currently enables over five million customers to execute over 30 million transactions per month, and these numbers continue to grow as they expand their mobile solutions and offer the latest and best technology.
YellowPepper, Latin America’s mobile payment pioneer, is an emerging growth company with the heart of a startup. The Company is focused on transforming commerce in Latin America with Yepex, a mobile payment platform that provides financial institutions, corporations and merchants a means to revolutionize the purchasing experience. The Miami based company also offers customized solutions to top financial groups and corporations in the region that currently enable over 5 million monthly active users to execute over 30 million transactions. For more information, please visit www.yellowpepper.com.
About Carta Worldwide
Carta is an award-winning leader in digital transaction processing and enablement technologies, including cloud based payments and HCE, tokenization, and value added services such as digital offers, loyalty and stored value solutions. Carta empowers banks, MNOs, OEMs, merchants and others to enable existing cardholder accounts or issue new and innovative products for the digital world. Carta’s unique Cloud Suite platform enables rapid deployment of mobile solutions with breakthrough technology that overcomes technical constraints of existing systems and infrastructure.