Visa has launched a portal to encourage more FinTechs to partner with the company and make use of its digital payments infrastructure.
The Visa Partner portal is Visa’s attempt to tap into the $17 trillion market in consumer payments still made by cash or cheque and provide financial services to the 1.7 billion people worldwide who remain outside of the formal financial sector.
In a blog announcing the portal, Visa said it sees a “a huge opportunity for FinTechs to pioneer new kinds of digital payments that will drive forward the next generation of payments innovation.”
The portal provides resources including access to Visa’s technologies, network and solutions including digitised licensing, a partner director enabling FinTechs to identify and match with partners and help with BIN sponsors, compliance and Know Your Customer (KYC)/ Anti-Money Laundering (AML) systems.
The portal also offers ‘how to’ videos giving FinTechs an introduction to getting started in payments.
Terry Angelos, global head of FinTech, at Visa said: “FinTechs are constantly innovating on our network and creating new types of payment flows that we think will continue to push the boundaries on better ways to pay, everywhere.”
“Through the launch of Visa Partner, we are making it easier for FinTechs to launch with Visa, enabling them to innovate faster and bring new payment flows to market.”
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