Sco­tia­bank and Visa have an­nounced the sign­ing of a sev­en-year agree­ment to sup­port the de­vel­op­ment of in­no­v­a­tive pay­ment so­lu­tions and en­hanc­ing the cus­tomer ex­pe­ri­ence for Visa card­hold­ers in Cen­tral Amer­i­ca and the Caribbean.

Ac­cord­ing to an of­fi­cial state­ment, the re­la­tion­ship will lever­age Visa’s tech­nol­o­gy so­lu­tions and know-how to sup­port Sco­tia­bank’s dig­i­tal trans­for­ma­tion across dif­fer­ent mar­kets in Cen­tral Amer­i­ca and the Caribbean.

As a lead­ing fi­nan­cial ser­vices provider in the Amer­i­c­as, Sco­tia­bank is com­mit­ted to pro­vid­ing the best so­lu­tions for its cus­tomers in this re­gion. In Cen­tral Amer­i­ca and the Caribbean, Sco­tia­bank is com­mit­ted to of­fer­ing its cus­tomers en­hanced dig­i­tal so­lu­tions.

VP Strate­gic Part­ner­ships and Self-Ser­vice Bank­ing at Sco­tia­bank, Bhav­na Kaushal, notes that through the re­la­tion­ship with Visa, the Bank will de­liv­er dig­i­tal pay­ment prod­ucts and strate­gies with lead­ing se­cu­ri­ty in­fra­struc­ture, to sup­port its cus­tomers’ needs in the re­gion.

“At Sco­tia­bank, we be­lieve that dig­i­tal tech­nol­o­gy pro­vides op­por­tu­ni­ties to de­liv­er the best val­ue for our cus­tomers with se­cu­ri­ty, trust and con­ve­nience,” she stat­ed.

And Bren­dan King, Se­nior Vice Pres­i­dent for In­ter­na­tion­al Bank­ing at Sco­tia­bank, adds: “Our strate­gic al­liance with Visa in Cen­tral Amer­i­ca and the Caribbean, will re­in­force our progress in be­com­ing dig­i­tal lead­ers and pro­vid­ing mar­ket lead­ing pay­ment so­lu­tions for our clients.”

The agree­ment be­tween Visa and Sco­tia­bank in­cludes sup­port to ac­cel­er­ate the growth of con­tact­less tech­nol­o­gy and oth­er Visa ser­vices tai­lored to the dig­i­tal trans­for­ma­tion needs and roadmap of each par­tic­i­pat­ing mar­ket of Sco­tia­bank in Cen­tral Amer­i­ca and the Caribbean.

Vice Pres­i­dent of Multi­na­tion­al Banks for Visa Latin Amer­i­ca and the Caribbean, Franz Strohmeier, ob­serves that the ul­ti­mate aim is to pro­vide best-in-class con­sumer ex­pe­ri­ences that make pay­ing in per­son or on­line, fast, easy and se­cure.

“Sco­tia­bank’s port­fo­lio val­ue of­fer will be en­riched by Visa’s tech­nol­o­gy, from to­k­eniza­tion to e-com­merce so­lu­tions. We cel­e­brate this new ini­tia­tive to ac­cel­er­ate both com­pa­nies’ busi­ness re­sults. We will work along­side Sco­tia­bank, to cre­ate next gen­er­a­tion pay­ments so­lu­tions, which will of­fer a re­newed, fric­tion­less, and se­cure ex­pe­ri­ence for its card­hold­ers.”

This en­hanced re­la­tion­ship should con­tribute to con­sol­i­date Sco­tia­bank’s po­si­tion in Cen­tral Amer­i­ca and the Caribbean, to­geth­er with Visa’s dig­i­tal pay­ments role across the re­gion.