Wirecard Technologies, a subsidiary of German payments company Wirecard, has signed a strategic partnership deal with Visa Europe Collab, the international innovation hub of Visa Europe, to serve the finTech space.
As a strategic development partner, Wirecard will deliver its technology and banking solutions as well as its in-depth market expertise.
Wirecard said that the aim of this partnership is to jointly offer fintech start-ups and technology entrepreneurs the insight, partner networks and essential tools like platforms and interfaces to develop services are set to improve the payment experience.
Visa Europe Collab specifically focus on designing and creating new products and services through collaboration and partnership with technology and digital organisations from the whole payments ecosystem.
Wirecard EVP for issuing services Susanne Steidl commented: "The cooperation will provide global FinTech start-ups with access to our complete range of services: from banking to software and payment solutions, risk management, card issuing and value added services – everything from a single source.
"Our long-standing experience in reinventing payments and related banking services using internet technologies together with the creativity and the speed of FinTechs will enable us to create the innovative solutions expected by the customers of today."
Visa Europe operates Innovation Labs in Berlin, London and Tel Aviv.