Rv Worldwide, a global network of payments companies for underserved markets with operations in Latin America, Europe and Asia, launched a new platform created to drive widespread commercial availability of new and emerging payment solutions for underserved consumers worldwide. Rv offers the industry’s only platform focused on international underserved markets, providing language and currency support to carry transactions across countries, currencies and payment types, including card-based, mobile, retail and online transactions. Rv Worldwide encompasses RvEurope Payments Limited, Rv Latin America, Inc. and Rv Asia Pacific.
“Payment innovations like prepaid and mobile payments put financial services within reach of underserved markets,” says Richard Child, executive chair, international strategy and corporate development for Rv Worldwide and former executive vice president of MasterCard International. “Given the rapid pace of evolution we are witnessing in the payments industry today, our ability to expand and deliver on that promise of financial empowerment requires not only global reach but also the utmost speed.”
“We conceived Rv out of the belief that everyone in the world deserves the same access to trusted payment solutions that allow them to play a part in today’s mainstream economy,” says Roy Sosa, CEO, MPOWER Ventures and chairman, Rv Worldwide. “With the majority of the world’s underserved living outside of the U.S., we knew that bringing access to basic financial services on a global scale would require us to focus outside of the U.S. and to build a platform to support it, a network capable of serving the dreams of underserved consumers in any market in the world.”