GM Sectec, a global leader in cybersecurity, and Visa, the world’s leader in digital payments, have announced the development of a virtual initiative – following a series of successful roadshows in Latin America in 2019 – where they will work together, with the objective of evangelizing, educating and guiding companies in the adoption of secure payment technologies and practices, taking into consideration the moment that we are living in worldwide due to the Coronavirus pandemic.
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The COVID-19 health crisis is putting the world at risk. The impact on businesses, markets and economies is already beginning to be felt, and in business ecosystems the demand for strong measures to ensure business continuity is fundamental.
At a global level, the changes and challenges that companies have faced include adapting to new tele-working scenarios, unknown until only about three months ago, have created unique opportunities on all ends of the digital divide. For many large corporations, this option has become the norm and many have chosen to adopt it permanently, at least for the rest of 2020.
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As a result, the number of people making electronic payments has multiplied, as shown by the recent Visa study which presented that more than 13 million of its cardholders made an e-commerce transaction for the first time in the first quarter of 2020, in key markets in Latin America and the Caribbean. This means that two out of every 10 active e-commerce cardholders are “new to e-commerce,” representing up to 14 percent of all active Visa accounts in key markets during this period.
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