Wirecard has inked a deal to act as the preferred payment processor for Visa in the Middle East region to deliver fast-to-market digitised solutions.
Under the partnership agreement, Wirecard will provide its financial technology and payment solutions to Visa.
The partnership is expected to bolster the Visa Fintech Fast Track Program in the region.
The partnership will give Wirecard access to Visa’s growing network that is part of the programme.
The programme will help fintech partners to develop new commerce experiences leveraging the reach, capabilities, and security offered through Visa’s global payment network dubbed VisaNet.
Wirecard Middle East regional manager Humza Chishti said: “We are excited to be a part of the Visa Fintech Fast Track Program and together, we can continue delivering financial technology innovations to the key Middle East market.”
Visa CEMEA strategic partnerships, fintech and ventures vice president Otto Williams added: “The Visa Fintech Fast Track Program meets fintechs at the speed they work, streamlining access to Visa assets and capabilities, both globally and across the region.
“This partnership with Wirecard will allow us to continue to enhance the value of fintechs being part of our network and ensure that we work together on innovative new commerce experiences that can be delivered at scale and with pace.”