Bringing security and efficiency to Latin American government payments and collections
Across the world, governments play a critical role in advancing economies and driving change toward a sustainable future for communities, businesses, and citizens. Governments in Latin America are striving to increase transparency and efficiency in their interactions between citizens and businesses. Despite political and fiscal challenges, they are prioritizing their digital agendas to boost economic growth and improve efficiencies.
Visa has a long history of helping governments worldwide to deliver successful policy outcomes by transforming how citizens, businesses, and public sector employees make and receive payments. Now, we’re building on that legacy with Visa Government Solutions: to further focus the digital payment capabilities and global scale of the Visa network on the public sector challenges of the 21st century.
Together, we’re delivering digital solutions for accepting, making, or disbursing payments; opening doors for marginalized groups and small businesses traditionally excluded from the financial system; and providing insights and data to help government agencies make timely and actionable decisions.
And we’re enabling governments to streamline and automate public procurement and expense management, with digital and card-based solutions that help increase transparency, reduce costs, and expand access.
So when the Guatemalan citizens could not access government benefits due to closures and restrictions during the COVID-19 pandemic, Visa partnered with leading financial agencies to rapidly scale social aid programs in the country, delivering benefits via more than 2.7 million without the use of physical cards.
Or when the governments of Mexico, Brazil, Dominican Republic or Costa Rica wanted to create a simpler and more sustainable travel experience for commuters, Visa helped them implement customized solutions points for contactless digital payments. And when the Japanese government wanted to promote tourism while pursuing ambitious cashless payment goals, Visa provided support through a series of digital payment initiatives for the Tokyo 2020 Olympics, which included efforts to increase digital payment acceptance for visitors and providing enhanced data insights on tourist spending to assist Japanese merchants.
As a partner to governments at all levels, the Visa Government Solutions team is committed to addressing today’s public sector challenges and finding opportunities to support governments’ missions of advancing economies and building communities. Simple, secure, and scalable digital payments solutions are fundamental to delivering stronger, more resilient government programs for today and tomorrow.
Contact your account executive to discover more about Visa Government Solutions with our team of public sector experts.