Global payment technology firm Visa has teamed up with four fintech firms to enable them to issue the plastic and digital versions of payment cards.
The four new partners, which have joined Visa Fintech Fast Track programme, are Episode Six, Euronet Worldwide, Global Processing Services (GPS) and M2P Solutions (YAP).
Using Visa’s expertise, the fintechs will develop, examine and roll out new payment solutions quickly.
Additionally, these fintechs will be able to join hands with other payment processors to deploy new solutions across 12 markets in Asia Pacific, including India, Indonesia, Japan, Australia and Hong Kong, among others.
The tie-up will enable the fintechs to collaborate with a single partner to issue new payment solutions across various Asia Pacific markets.
The partners can incorporate a Visa credential into a mobile wallet. This feature will enable users to pay at 54 million merchant locations.
Using Visa Token Service, the partners will also be able to facilitate hassle-free secure transactions in mobile and ecommerce environments.
Moreover, they will be able to extend support to frequent travellers with multi-currency capability to offer seamless payments across the globe.
Using Visa Direct, they can also transfer payments to other financial accounts.
Visa Asia Pacific regional president Chris Clark said, “These partners will provide fintechs with a faster, easier way to access Visa’s global network and get new payment solutions into their customers’ hands, whether on a physical card or in a digital wallet.
“Through working with Visa’s issuer processor partners, fintechs can extend their reach into new markets or customer segments.”
Last month, Standard Chartered Bank (SCB) Kenya rolled out a new credit card on Visa platform to serve wealthy clients in the country.