RS2, a global provider of payment processing infrastructure, has entered into a five-year, multi-million-euro processing agreement with a major financial services partner in Latin America, significantly broadening its regional footprint and extending its acquiring and issuing capabilities across multiple new markets.
The agreement, built on RS2’s BankWORKS® platform, will expand RS2’s acquiring capabilities into eight additional markets: Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, the Dominican Republic, and Guatemala. Concurrently, RS2 will extend its issuing services across eight markets: Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, the Dominican Republic, and the Cayman Islands. This initiative builds upon RS2’s established presence in Latin America, where the Group already operates in Brazil, Mexico, Colombia, Peru, and Argentina. The identity of the client remains confidential due to contractual obligations.
This partnership reinforces RS2’s position as a key enabler of digital payments infrastructure across Latin America. The agreement is expected to support RS2’s long-term revenue growth, further diversify its international client base, and increase its exposure to high-growth payments markets. It also demonstrates RS2’s capacity to support both acquiring and issuing services through a single, integrated platform model, assisting financial institutions in modernizing payments infrastructure, expanding market reach, and adapting to evolving merchant and consumer payment requirements.
Patrick Gauci, General Manager of RS2 Smart Processing, commented on the development, stating, “This agreement marks another important step in RS2’s growth journey across Latin America. The region continues to present significant opportunities for digital transformation in payments, and we are proud to support our partner with a platform that is proven, scalable, and built for complex multi-country processing requirements. While we are unable to disclose the client’s identity at this stage, the scope of the partnership reflects the strength of BankWORKS® and RS2’s long-standing commitment to enabling the next phase of payments growth across the region.”
RS2 operates as a global, cloud-native payments technology provider, offering end-to-end issuing and acquiring solutions on its BankWORKS® platform. With over 35 years of expertise, the listed company processes more than 31 billion transactions annually, maintaining a 99.99% platform uptime. RS2 enables banks, financial institutions, and payments companies to manage complexity, scale internationally, and maintain control across the payments value chain within today’s digital payments ecosystem.
The BankWORKS® platform, recognized as a robust cloud-native solution for both issuing and acquiring operations, features an advanced orchestration layer that integrates all aspects of business operations. Clients gain access to comprehensive analytics, reporting tools, and reconciliation features, allowing for seamless global footprint expansion through a single integration. The platform also provides insights into payment processes and customer behavior, aiming to enhance operational efficiency, increase conversion rates, mitigate fraud, and drive profitability.
