Visa, a leader in digital payments, announced that Euronet Worldwide, a global financial technology solutions and payments provider based in Dubai, will be working together to augment Visa’s Fintech Fast Track programme in Central and Eastern Europe, the Middle East, and Africa (CEMEA).
The fast track programme makes it quicker and easier for fintech partners to build and deliver new commerce experiences on Visa’s payments network. Euronet Worldwide will offer their APIs through Visa’s programme, thus benefiting from the capabilities of available regional fintechs, said Mohamed Mousa, vice president and managing director at Euronet for the Middle East, Africa, and Pakistan.
Mousa told Daily News Egypt that Euronet has substantially invested into Payment as a Service (PaaS) powered by its Digitally Integrated Payment Cloud (DIPC) to bring convenience, security, and quick go-to-market capabilities to fintechs as an on-demand partner.
The Middle East arm of Euronet’s micro services-based platform has native cloud APIs, providing the flexibility to produce geographically tailored payment experiences. By providing these APIs through the Visa fintech fast-track, the two companies will work together to speed up digital payment capabilities of regional fintechs, he continued.
“Partnerships are fundamental to Visa’s business model and partnering with Euronet is another example of how collaboration will ultimately help our traditional and fintech clients deliver improved customer experiences faster and easier than ever,” said Otto Williams, Vice President and Head of Strategic Partnerships, Fintechs and Ventures in CEMEA at Visa. “We are looking forward to building up to the capabilities that we can offer to fintechs and together drive the expansion of a digitally connected payments ecosystem.”
The Visa fintech fast-track programme makes it easier for fintechs to access the global Visa payments network. The programme is part of Visa’s global strategy to open up our network and support a broad range of players that are developing new commerce experiences. The fintech fast-track programme provides a new commercial framework that includes easy access to Visa’s payment capabilities and streamlined processes to support companies of different sizes and at different growth phases.