Visa is expanding its fast-track program to aid fintech startups within; Central and Eastern Europe, Middle East and Africa. The program has commenced in Europe, Latin America and Asia pacific. With VisaNet, Visa’s global network, and other digital solutions and growth capabilities will provide innovative fintechs with a faster and easier integration process.
Through Visa Fast-Track Program, CEMEA based fintech startups can join Visa global network in as little as four weeks. The fast-Track Program is designed to fit the needs of the startups by; adapting to their needs and giving them access to faster processes. This means reduction of onboard conditions. It links fintech startups to systems that are certified by Visa, and connects them to sponsoring banks, giving them access to scaling opportunities through Visa’s global network.
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Andrew Torre, Regional President, CEMEA, Visa, said, “The payments ecosystem is evolving at an unprecedented pace with some of the most exciting innovations coming from our region. We are actively engaged with passionate, entrepreneurial communities to understand where synergies exist in order to foster and bring new experiences to life in a secure and scalable manner in our pursuit of a digital future. Our aim is to connect new players and ideas with our network partners, so that we can deliver intuitive and relevant payment, banking and retail experiences to customers and merchants.”
Visa will work with Global Technology Partners (GTP), to design and enable turnkey end-to-end packaged solutions, jointly for the Visa Fintech Fast Track program in Sub-Saharan Africa. This solution will include bin sponsorship, issuer processing services, acquirer QR code processing services and program management services.
Rich Bialek, CEO of GTP, said, “GTP is excited to work with Visa to bring new digital products to our banks and cardholders. Fintech companies in the CEMEA region are developing innovative solutions to meet the needs of this rapidly growing consumer base. By expanding the fast-track program to CEMEA, Visa and GTP will enable these companies to rapidly deliver new technologies and services to consumers, improving and expanding how commerce works in this dynamic market.”