Visa and IFC launch about $200M risk-sharing program for emerging-market digital payments

Visa and the International Finance Corporation, the World Bank Group's private-sector arm, announced a five-year risk-sharing initiative for digital payments in emerging markets. Under it, the IFC takes on credit settlement risk on Visa transactions made through enrolled institutions. The facility is expected to support about $200 million of risk sharing, starting in 14 Latin American and Caribbean countries and reaching around 50 lower-rated financial institutions.

• About $200M of risk sharing over five years
• Initial focus on 14 countries in Latin America and the Caribbean
• Targets about 50 below-investment-grade financial institutions
• IFC takes on credit settlement risk on enrolled transactions