NovoPayment recently revealed its role in the design and delivery of Peru’s first general purpose reloadable (GPR) program aimed at serving the country’s unbanked population. LATODO MasterCard, launched in April by Servitebca Peru, is NovoPayments second such program in the region and the foundation for a new breed of payments ecosystem based on stored value –a program that the company expects other local players will soon join and whose model it hopes other markets will notice and want to replicate.
FleetCor Technologies, Inc. (NYSE: FLT), a global provider of fuel cards and specialized payment services to businesses, today announced that it has signed definitive agreements to acquire the Mexican assets of NovoPayment’s subsidiaries Tebca and Servitebca. With this acquisition, FleetCor will increase the size of its fuel and food card client portfolios in Mexico.
NovoPayment announced the results of a study that reveals the need to inform Mexican companies of the benefits of recent legislation designed to promote food benefits for workers, and identifies opportunities for electronic benefits transfer (EBT) programs based on network branded prepaid.
Miami-based NovoPayment and its subsidiary Servitebca Mexico were honored at the 5th Annual Paybefore Awards in Orlando on Monday, taking Best in Category for their Plata Promociones program as well as the 2011 Industry Achievement Award for its CEO, Anabel Perez.
NovoPayment subsidiary, Tebca Mexico and MasterCard, leading providers of branded prepaid card solutions and payment systems respectively, launched Bonus Alimentación® MasterCard, a corporate prepaid program designed to assist public and private organizations in distributing food and meal benefits to their employees in a safe and convenient fashion.
Servitebca Mexico, a subsidiary of NovoPayment, announced the launch of Plata Compras MasterCard, an innovative program providing companies the ability to issue cards to their employees, sales force, distributors and other business partners, replacing traditional Christmas and end-of-year performance bonuses.
Peru is the scene of a new solution for thousands of businesses and hundreds of thousands of workers who, starting today, can use the new Provis® Visa Vale food and meal prepaid card nationally.
NovoPayment announced today that it has been granted a Principal Member license by MasterCard Worldwide for the issuance of MasterCard prepaid cards in the region, making it MasterCard’s first non-traditional institution in Latin America to receive the designation.
NovoPayment announced today the launch of two corporate prepaid cards in Peru via its subsidiary Servitebca Peru, a joint venture between the company and Interbank Group.
NovoPayment today announced its regional forecast for prepaid general-purpose reloadable mobile and utilities cards in which it estimated a potential market of nearly US$160 billion annually by 2015.