Global payments provider Visa has made a “strategic investment” in electronic document management company DocuSign.

The announcement said that the two businesses would seek ways to execute digital transactions and integrated payments safely and securely.

“Both Visa and DocuSign have a common vision to help consumers and organisations transact business in confidence,” explained Ryan McInerney, president, Visa Inc.

“Our mutual objective is to eliminate paper-based transactions. For Visa, the competition is cash, for DocuSign it is paper. Visa is proud to invest and support DocuSign as it creates a digital standard that will help everyone transact business more conveniently, quickly and securely around the world.”

DocuSign automates manual, paper-based processes with the only open, independent, standards-based DTM platform for managing all aspects of documented business transactions. Its systems support compliance, authentication, eSignatures, data collection, workflow automation, payments and document retention.

Keith Krach, chairman and CEO, DocuSign, added: “Our new relationship brings together two trusted global brands – Visa and DocuSign – that are both committed to helping consumers and companies around the world to keep business digital.”

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