Scotiabank and Visa partner to improve digital payments in the Caribbean

Scotiabank and Visa have teamed up to introduce an innovative payment solution for customers in Central America and the Caribbean.

According to a press release from Scotiabank, the company and Visa signed a seven-year agreement to facilitate Scotiabank’s digital transformation across different markets in the region. The companies will partner to create innovations in payment methods for credit card holders across the Americas. “As a leading financial service provider in the Americas, Scotiabank is committed to providing the best solutions for its customers in the region,” the release stated.

The statement confirmed that the re­la­tion­ship between Scotiabank and Visa will lever­age Visa’s tech­nol­o­gy so­lu­tions and know-how to sup­port Sco­tia­bank’s dig­i­tal trans­for­ma­tion across dif­fer­ent mar­kets in Cen­tral Amer­i­ca and the Caribbean.

VP Strategic Partnerships and Self-Service Banking at Scotiabank Bhavna Kaushal said the alliance will reinforce the company’s progress in becoming digital leaders.

Franz Strohmeier, Vice President of Multinational Banks for Visa Latin America and the Caribbean said Visa will work with Scotiabank to create next-generation payments solutions which will offer “a renewed, frictionless and secure experience for its cardholders.”