FLEXIBLE PAYMENT OPTIONS

Empowering agricultural borrowers

Visa and BBVA: Providing tailored repayment options for producers and agribusinesses

Flexibility for unique production cycles

BBVA is a leading international bank based in Spain with a strong presence across Latin America and the Caribbean (LAC), where they are helping revolutionize agricultural financing with specialized offerings in collaboration with Visa Commercial Agriculture Solutions. By offering a comprehensive platform that combines the flexibility of digital payments with tailored repayment plans that sync with agricultural production cycles, producers and agribusinesses get the financial support they need when they need it most.

BBVA offers financing for up to a full year in order to help their clients purchase essential agricultural inputs such as seeds, fertilizers, machinery parts, fuel and more between crop sales. This flexibility provides financial support when working capital might be at its lowest. And since BBVA is part of the Visa global network, purchases can be made throughout LAC countries—and the world. Additionally, providing this flexibility helps increase financial inclusion and foster productivity across the industry.

Streamlining and securing transactions

Visa advanced security technology, including virtual tokens for payments, helps protect transactions from fraud, providing peace of mind for both buyers and suppliers. And with detailed purchase tracking and digital reporting, Visa can help with budgeting, cost management and operational efficiency. BBVA facilitated one of the earliest 100% digital transaction and payment for the purchase of cattle in association with Agrofy Pay and Visa.

What is Agrofy?

Agrofy operates as an agro-focused marketplace where producers can buy tractors, supplies, cattle and all types of agricultural products that producers will use. They are committed to the development of the agricultural community throughout LAC—simplifying and empowering agribusiness by digitizing the sector.

About BBVA

BBVA is a global financial group with a customer-centric vision. It currently serves over 77 million active customers and has more than 125,000 employees. BBVA operates in more than 25 countries, including being Mexico’s largest financial institution. BBVA contributes with its activity to the progress and welfare of all its stakeholders: shareholders, clients, employees, providers and society in general.¹

Contact us

Get in touch with a Visa Commercial Agriculture Solutions specialist.