NovoPayment launched its first prepaid program in Venezuela in 2004, and has since expanded into Peru, Mexico and Colombia. The company’s portfolio includes more than one million active cards, representing 88 million transactions and US$750 million per year.

Among the company’s pioneering achievements are:

• The first branded, reloadable, prepaid general-purpose card in Latin America not to require a bank account
• The first mobile P2P funds transfer platform using SMS in Latin America
• The first reloadable prepaid card in Latin America linked to mobile services
• The first reloadable prepaid card in Venezuela linked to electric utilities
• The first food benefits voucher program using EBT
• The first nonfinancial institution in Latin America to be granted a Principal Member license from MasterCard Worldwide for the issuance of branded prepaid cards

NovoPayment has a proven record of providing sustainable, cost-effective solutions and programs