Visa partners with fintech Tribal in Latam to expand small business offerings


FILE PHOTO: Credit card is seen in front of displayed Visa logo in this illustration taken July 15, 2021. REUTERS/Dado Ruvic/Illustration

(Reuters) - Visa Inc, the world's largest payment processor, will partner with payment and financing firm Tribal to expand its offerings for small-and-medium-sized businesses in Latin America and the Caribbean, Tribal said on Monday.

Tribal, whose investors include SoftBank's Latin America Fund, offers credit cards and payment options, including the usage of blockchain technology and stablecoins, to small businesses across Latin America.

The firm said its partnership with Visa would focus on expanding credit lines, updating encryption and safety measures, and improving card distribution.

(Reporting by Lisa Mattackal in Bengaluru; Editing by Shinjini Ganguli)

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