Beginning this month, fintech companies based in Asia Pacific can onboard to Visa’s global network in as little as four weeks. The fast-track program includes reducing the number of onboarding conditions. The program also links fintechs to platforms that are already certified by Visa and connects fintechs to sponsoring banks.

Chris Clark, regional president, Asia Pacific, Visa, said, “The Asia Pacific region is home to some of the world’s most innovative fintech companies and they’re putting new payment experiences in the hands of consumers and businesses every day. As a network business, Visa is in a prime position to help these fintech companies expand their reach, both by making their solutions available on our network and collaborating with our financial institution partners.

The fast-track program is one of several initiatives of several Visa programs designed to support fintech and startup companies. These include:

• Investment: Visa continuously evaluates and invests in companies that have the potential to advance digital payments for our clients and their customers. Recent fintech investments globally have included Klarna, solarisBank, Marqeta and Paidy in Asia Pacific.
• Partnership: Many payment platforms and fintechs are already collaborating with Visa globally to create new consumer and merchant experiences, including YellowPepper, NovoPayment, novae, Increase, Contis, EVRY, Jaja, Revolut, Wirecard and Taiwan’s Cherri Tech.
• Engagement: Visa’s Everywhere Initiative, a global innovation program that tasks startups with solving some of the most challenging issues in payments and commerce, has been running in Asia Pacific since 2016.

About Visa Inc.
Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analogue to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit About Visa, https://usa.visa.com/visa-everywhere/blog.html and @VisaNews.

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