NovoPayment, a critical financial and payment infrastructure provider, announced today that it has received Mastercard certification, as part of the Mastercard Network Enablement Partner program, to switch and process Mastercard transactions in Mexico.
The Network Enablement Partner (NEP) program is a Mastercard initiative that enables service providers – the suppliers of Mastercard-licensed issuers and acquirers who typically have a fully indirect relationship with Mastercard – to play a central role in accelerating product innovation by reducing time to market and enhancing 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 payments ecosystem.
Prior to Mexico, NovoPayment has received certifications in Chile, Colombia, Ecuador, Peru and Venezuela as a card issuer.
“Our team has a long, successful track record of supporting clients throughout Latin America. We have been working 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 customers’ ongoing demands, in addition to offering greater choice and flexibility.”
Through the NEP program, direct access to Mastercard also allows NovoPayment to increase speed to market through the ability to test its products and solutions in advance, ensuring alignment with Mastercard standards.