NEWS
Banco Santander and Visa have announced a strategic collaboration marking the successful completion of Banco Santander’ s first controlled pilot of agentic commerce transactions across multiple Latin American markets. Conducted in Argentina, Brazil, Chile, Mexico and Uruguay, the milestone was powered by Visa Intelligent Commerce, demonstrating a breakthrough in how consumers can securely delegate shopping tasks to trusted AI agents.
Visa Intelligent Commerce provides integrated technology capabilities that leverage Visa’ s secure infrastructure to enable transparent, consent-driven transactions initiated by AI agents on behalf of consumers. The platform ensures transactions meet strict security and compliance standards while maintaining visibility and control for both consumers and issuers.
Santander and Visa complete first agentic commerce pilot across Latin America
During the pilot, AI agents successfully completed book purchases in Argentina, Chile, Mexico and Uruguay. In Brazil, the transaction involved the purchase of chocolates, providing a tangible proof point of cross-market execution.
“ This is a major step toward making AIassisted shopping a practical reality,” said Matías Sánchez, global head of Cards and Digital Solutions at Banco Santander.“ By testing real transactions we demonstrated how these technologies enable secure, interoperable agentic commerce while maintaining strong consumer protections and issuer controls.”
“ The pilot with Santander marks a defining moment for commerce in Latin America,” said Catalina Tobar, head of Growth Products and Partnerships for Visa Latin America and the Caribbean.
Through the collaboration, Banco Santander and Visa are advancing real-world agentic commerce use cases and helping establish a framework for responsible and scalable adoption across Latin America.
MUFG joins $ 3 billion Atlas Renewable Energy refinancing to expand LATAM solar and storage projects
MUFG Bank is participating in a $ 3 billion refinancing for
Atlas Renewable Energy – the largest renewable energy independent power producer in Latin America.
The transaction supports a diversified portfolio of solar projects battery energy storage systems and related infrastructure across Chile, Brazil and Mexico.
The $ 3 billion refinancing consolidates Atlas’ existing financings and large-scale renewable energy assets while strengthening the company’ s capital structure to support long term growth across Latin America.
Structured through operating company and holding company term loan tranches, along with letter of credit facilities, the financing totals $ 3 billion and carries five year tenors.
The facility represents a first of its kind transaction in Latin America in both scale and geographic reach.
MUFG served as Initial Joint Lead Arranger, Joint
Bookrunner, Green Loan Coordinator and Hedge Provider, highlighting the bank’ s ability to structure complex cross border financings that advance sustainable infrastructure development throughout the region.
Tatiana Preta, Head of Project Finance Latin America, MUFG said the refinancing demonstrates the firm’ s commitment to supporting large scale renewable energy development across the Americas.
She noted that innovative financing structures like the Atlas Global refinancing help deliver long term economic value while strengthening energy security and expanding access to clean power for communities, businesses and industries across Latin America.
Through transactions like this MUFG continues to play a leading role in financing sustainable energy infrastructure and accelerating the region’ s transition toward a lower carbon energy future – while supporting investment stability market growth and regional development. www. intelligentcio. com
INTELLIGENT CIO LATAM
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