SAN FRANCISCO, CA–The COVID-19 pandemic has created major financial challenges for businesses and consumers alike. As money management becomes increasingly digital, FinTechs play a pivotal role in helping to restore and rebuild the global economy.
To provide increased support for the ecosystem, Visa has added two new components to its FinTech Fast Track program:
1.A rich Partner Toolkit to help FinTechs accelerate their growth and better serve their customers. With it, partners can leverage educational resources like payments boot camps to upskill a company’s knowledge of the industry, tap into key strategic resources to craft customized benchmarking studies and utilize Visa’s online card design tools to help quickly build and launch a card into market.
2. A certification program, Visa Ready for Fintech Enablers, which makes it easier for FinTechs to quickly connect with certified Visa partners for digital issuance and other key services. It is designed to help technology companies build and launch payment solutions that meet Visa’s global standards around security and functionality. These companies are, in turn, helping FinTechs globally build their own products by providing the solutions and expertise they need to get up and running.
FinTech leaders are increasingly choosing to work with Visa across key categories including digital wallets, digital banking, ‘Buy Now, Pay Later’, B2B payments, cross-border remittance, bill payments, payments infrastructure and person-to-person payments; Fast Track participation has grown 360 percent year over year. With the expansion of Visa’s Fast Track program, FinTechs are armed with the tools to become category winners.
“It’s thrilling to see FinTech partners utilize our programs and network to digitize financial services and improve the lives of the consumers and businesses they touch,” said Terry Angelos, senior vice president and global head of FinTech, Visa. “Through the Fast Track program, we’re providing FinTechs with a simple set of tools to bring their products to life. The resources we provide, such as online licensing and card design, have helped make Fast Track the leading program for FinTechs.”