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NovoPayment partners with Mastercard to expand footprint in Mexico

By Delisha Fernandes

February 07, 2024

  • BaaS
  • Digital Banking
  • Digital Transformation

NovoPayment, MastercardNovoPayment, a payments infrastructure provider, 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 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, reducing time to market and enhancing overall performance and operational efficiency for their customers.

The direct partnership with Mastercard allows Service Providers to collaborate on initiatives that drive value, innovation and seamless experiences in the evolving payment ecosystem.

“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 program, the 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.

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