Paytech, NovoPayment has received a Mastercard certification, as part of the Mastercard Network Enablement Partner programme, to switch and process Mastercard transactions in Mexico.
The Network Enablement Partner (NEP) programme is a Mastercard initiative that enables service providers — the vendors of Mastercard-licensed issuers and acquirers who typically have a fully indirect relationship with Mastercard — to play a pivotal role in expediting product innovation. They can reduce time to market and enhance overall performance and operational efficiency for their customers.
The direct partnership with Mastercard opens the door for service providers to collaborate on initiatives that drive value, innovation and seamless experiences in the evolving payment ecosystem.
Prior to Mexico, NovoPayment has received certifications in Chile, Colombia, Ecuador, Peru and Venezuela as card issuer processors.
“Our team has a long, successful track record of supporting clients across Latin America. We’ve worked in Mexico since 2009 and have a deep understanding of the market,” said Angelique Strauss, chief growth officer of NovoPayment. “With this certification to process Mastercard transactions in Mexico, NovoPayment continues to execute on our multi-rail payments strategy to support our clients’ ongoing demands, in addition to offering greater choice and flexibility.”
Through the NEP programme, direct access to Mastercard also enables NovoPayment to increase speed to market through the ability to test its products and solutions upfront, ensuring alignment with Mastercard standards.
Speaking exclusively to The Fintech Times, Strauss added: “As a provider of mission-critical financial infrastructure, we play a key role in helping clients across the Americas push into the new payments paradigm. Given the success of our partnership with Mastercard in Chile, Colombia, Ecuador, Peru, and Venezuela, extending the advantages of the Mastercard certification to our partners in Mexico was a logical step for us.”
Other notable firms that are a part of the Mastercard NEP programme include Marqeta and Nymcard.