The agreement marks the introduction of PayStudio to the local market, expanding Evertec’s portfolio of technology solutions available to financial institutions in Puerto Rico.
As part of its commitment to supporting the island’s economic development, Evertec announced it has signed an agreement with Banco Cooperativo de Puerto Rico for the processing of credit and debit card issuance through PayStudio, its proprietary platform that enables institutions to manage the full card lifecycle in one place. With this agreement, Evertec brings to Puerto Rico a solution already implemented in several Latin American markets, strengthening its value proposition for local financial institutions with capabilities that reach across the region.
“With the introduction of PayStudio in Puerto Rico, we continue expanding our portfolio of technology solutions for the local financial ecosystem. We are proud to offer Banco Cooperativo and the cooperatives across the island a platform that has already proven its value in other regional markets, enabling us to support their growth with greater efficiency, agility and an enhanced experience for their members”.
Paola Pérez Surillo, EVP & Group Head, Puerto Rico & Caribbean
“Signing this agreement with Evertec represents a decisive step in our mission to strengthen Puerto Rico’s cooperative ecosystem. By incorporating the PayStudio platform, a solution validated in multiple Latin American markets, we are providing cooperatives with cutting-edge technology for the efficient processing of credit and debit cards. As a correspondent institution and aggregator of transactional volumes, our role is to maximize efficiencies derived from economies of scale. This new service helps elevate the quality, competitiveness, and accessibility of payment solutions for the benefit of cooperatives and their members. The agreement reaffirms our commitment to financial innovation and to the development of the island’s cooperative sector”.
Johnny A. Pérez Crespo, President & Chief Executive Officer of Banco Cooperativo de Puerto Rico
PayStudio is built on high standards of security and compliance, essential elements for protecting transactions and strengthening trust in electronic payment methods. By integrating a proprietary platform like PayStudio, Evertec reinforces its commitment to leveraging its regional expansion to bring advanced technology to Puerto Rico that drives growth and competitiveness for local businesses.
