Visa Announces Fast-Track Access to its Network and $100m Investment for European FinTechs
Visa (NYSE: V) today announced two new programs designed to support European FinTechs who are developing the next generation of digital payment solutions.
Starting in July, FinTech start-ups based in Europe can onboard to Visa’s global network in as little as four weeks. The new FinTech fast-track program provides rapid onboarding and reduced fees to help early stage start-ups gain access to the capabilities that lie within Visa’s global network to power their own ideas.
Additionally, Visa has launched a $100m European investment program to support the thriving FinTech ecosystem in Europe and grow its investment activity in start-ups.
Speaking at the Money 20/20 conference in Amsterdam, Visa’s CEO for Europe, Charlotte Hogg, said: “These are exciting times for payments in Europe. The introduction of new regulation, combined with dramatic changes in consumer behaviour and rapid technology developments, have transformed Europe into a region where new commerce ideas are born every day. This creates an incredible opportunity for new and existing payment companies to deliver more seamless, simple and secure payments that people demand.
“At Visa we are open for all players to take advantage of the reach, capabilities and security of our global network to grow their businesses. Our commitment is to be the most responsive and supportive network for both emerging payment players and our existing clients and partners.”
Visa’s Fast-Track Program
A key element of Visa’s FinTech engagement activity is a fast-track initiative making it possible for start-ups to on-board with Visa in just four weeks.
Visa will partner with providers to sponsor start-ups who wish to participate in the program and offer consumers and merchants new and innovative digital commerce experiences.
At launch, Visa will be working with Contis, the alternative banking, payments and processing platform provider. The program will launch in July, initially focusing upon UK-based start-ups who can register their interest now at www.visaeurope.com/fintech. Additional European markets will be added soon with a view to global expansion of the program.
Visa Investment and Partnership
Visa has also launched a $100m investment program. The focus will be on supporting start-up businesses that are innovating in the arena of open banking and those using emerging technologies that have the potential to create new secure, commerce experiences.
Visa has already made a series of FinTech investments globally including Klarna, solarisBank and Payworks in Europe. European FinTech investment totaled around $4.7 billion in 2017, according to KPMG1.
Additionally, several payment platforms and FinTechs are collaborating with Visa to create new consumer and merchant experiences, including Contis, EVRY, Jaja, Revolut and Wirecard. [Hyperlink to company websites]. Any FinTechs interested in working with Visa can visit www.visaeurope.com/fintech to get in touch.
# # #
Comments from partners working with Visa to create new and simplified commerce experiences:
Flavia Alzetta, Chief Executive Officer, Contis said: “In a world that is being fundamentally reshaped by technology, it is crucial that key parties pull together to remove the friction that stifles disruption across the financial services sector. We are delighted to partner with Visa to launch the FinTech fast-track initiative that will fuel innovation and boost the growth of the next generation of financial services providers.”
Christer Jonsson, SVP Card, EVRY Financial Services, said: “FinTechs and startups are in the forefront of developing the next generation of digital payment solutions. EVRY is delighted to collaborate with Visa to give European FinTechs and startups easy access to both the Visa network and EVRY´s complete service portfolio of cards and innovative payment solutions, securing swift time to market. The collaboration ties in well with EVRY´s plan for further European expansion.”
Kyrre Riksen, CMO/Co-Founder, Jaja said: “Jaja is an innovative mobile-first credit card provider with a strong focus on simplifying the customer experience. We are working in close partnership with Visa as we prepare for our launch later this year when we will begin issuing Visa credit cards to UK consumers and small businesses. Working with Visa we will be rolling out a superior service and unique features, allowing customers to open accounts instantly, giving them real-time access to their spending, and enabling them to share their credit limits with others.”
Nikolay Stronosky, Founder & CEO, Revolut, said: “Nearly two million people across Europe have already signed up to Revolut, a number which has been steadily increasing since we began issuing Visa cards in 2017. Having made our mark in Europe, Revolut is now forging ahead with ambitious plans to expand into new markets in Asia and the Americas. Visa has simplified its processes and accelerated internal timelines in order to support Revolut to grow faster and expand globally as we look to bring greater financial control and flexibility to even more customers around the world.”
Susanne Steidl, Chief Product Officer, Wirecard said: “In partnership with Visa, Wirecard is enabling FinTechs and start-ups to develop their new commerce ideas through white label solutions and banking as a platform. In our collaboration, we are also addressing opportunities in new segments and markets, accelerating the adoption and acceptance of digital payment methods, and making full use of our joint capabilities to provide our range of customers with state-of-the-art digital products and services. For example, Visa and Wirecard will work on solutions to provide retailers with business analytics to help them streamline and improve the consumer purchase experience.”
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 analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit our website (www.visaeurope.com), the Visa Vision blog (vision.visaeurope.com), and @VisaEuropeNews.
+44 (0) 207 795 5336
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Tilaa tiedotteet sähköpostiisi
Haluatko tietää asioista ensimmäisten joukossa? Kun tilaat mediatiedotteemme, saat ne sähköpostiisi välittömästi julkaisuhetkellä. Tilauksen voit halutessasi perua milloin tahansa.
Lue lisää julkaisijalta Business Wire
Jabil Advances Additive Manufacturing Market with Integration of Engineered Materials, World-Class 3D Printing Machines and Proven Processes22.1.2019 16:32 | Tiedote
Jabil (NYSE: JBL) today introduced a complete solution for creating, integrating and validating custom engineered materials for additive manufacturing. The availability of Jabil Engineered Materials reinforces the company’s 3D printing leadership while driving further adoption of 3D printing to produce highly functional parts for diverse and unique customer applications. “Jabil is taking advantage of its rich history in materials science innovation to advance the entire additive manufacturing market forward and produce custom materials in weeks—not months,” said John Dulchinos, vice president of digital manufacturing, Jabil. “Our ability to integrate new engineered materials into our ecosystem of 3D printers and rigorous processes will transform a new generation of additive manufacturing applications, including those for heavily regulated industries, such as aerospace, automotive, industrial and healthcare.” According to a 2019 survey of 3D printing stakeholders sponsored by Jabil, exp
FLIR Launches Scion Thermal Monocular for Public Safety Professionals22.1.2019 16:00 | Tiedote
FLIR Systems, Inc. (NASDAQ: FLIR) announced today the launch of the FLIR Scion™ Professional Thermal Monocular (PTM) for public safety professionals. The Scion PTM is powered by FLIR’s high-performance Boson® thermal core for greater image quality and features connectivity with FLIR TruWITNESS® to allow real-time encrypted thermal video streaming to provide professionals with greater situational awareness. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190122005289/en/ The new FLIR Scion Professional Thermal Monocular (PTM) for public safety professionals can stream live thermal video to provide greater situational awareness. (Photo: Business Wire) The rugged Scion PTM features FLIR’s most advanced thermal imaging core, which allows users to quickly detect objects with greater detail and offer clear vision in low visibility conditions. Available in a 60 hertz refresh rate, the Scion PTM features 2 gigabytes of internal stora
FLIR Introduces Assisted Docking Technology and First Boat Manufacturer Partner22.1.2019 12:00 | Tiedote
FLIR Systems, Inc. (NASDAQ: FLIR) today announced the Raymarine DockSense™ assisted docking system, the marine industry’s first intelligent object recognition and motion sensing assisted docking solution for recreational boating. DockSense system uses FLIR machine vision camera technology and video analytics to integrate intelligence gathered from surrounding imagery with the vessel’s propulsion and steering system to assist boat owners in tight quarter docking maneuvering. Additionally, FLIR announced that Prestige Yachts, a Groupe Beneteau brand, will become the first to demonstrate the technology. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190122005313/en/ Docking a boat can be a stressful experience, even for the most experienced captains. Often wind and tides make the task more difficult, and docking mishaps can become expensive repairs and safety hazards. The DockSense system is designed to augment a captain's boat
BIOCERES and UNION ACQUISITION CORP. announce Bioceres’ unaudited quarterly operating results for the period ended December 31, 201822.1.2019 11:52 | Tiedote
Bioceres, a leading Latin American agricultural biotech company (the “Company”), and Union Acquisition Corp. (NYSE: LTN) (“UAC”), a special purpose acquisition company, today announced the Company’s unaudited operating results for the quarter ended December 31, 2018. The parties had previously announced the execution of a definitive share exchange agreement (the “Exchange Agreement”) pursuant to which the Company will contribute its agricultural solutions business in exchange for equity of UAC. The Company reported unaudited revenues of $62.6 million during the quarter ended December 31, 2018, which represents a 33% growth rate over the same period a year ago. The adjustments and the translation mechanism from the application of IAS 29 had a positive impact of $8.7 million during the quarter ended December 31, 2018. Additionally, the Company’s management team expects Gross Profit and EBITDA margin performance to exceed that of the same period a year ago. Members of UAC’s sponsor and, o
Tradeshift Announces Record Year and Exceptional Growth in Every Category Heading Into 201922.1.2019 11:00 | Tiedote
Tradeshift, the leader in supply chain payments and marketplaces, today announced results from the fourth quarter of 2018, marking the eleventh quarter in a row of successive growth and beating targets. Tradeshift’s fourth quarter growth stats announced today include: YoY new bookings grew 250 percent New total contract value grew by $59M in Q4 YoY revenue grew 178 percent (trailing 12 months) Gross Merchandise Volume (GMV) more than doubled, growing by 112 percent YoY Tradeshift Go experienced high growth with 12 deals signed in Q4 Signed App partner Transfermate, allowing Tradeshift customers to easily receive and make foreign currency payments Expanded Partner ecosystem with two additional BPO partners signed The company’s customer roster continued strong growth this quarter adding a record 49 new customers, including Charter Hall, HSBC, Econocom and more. “2018 was a record setting operational year for us,” said Christian Lanng, CEO and co-founder of Tradeshift. “It’s been so grati
Bridgestone Europe To Acquire TomTom Telematics For €910 Million Cash Consideration22.1.2019 09:58 | Tiedote
Bridgestone Europe NV/SA (“Bridgestone”), a subsidiary of Bridgestone Corporation in EMEA, has entered into an agreement with TomTom to acquire its telematics business, for a cash consideration of €910 million. The transaction will bring together the world’s largest tyre and rubber company with the number one provider of digital fleet solutions in Europe, creating a leading data platform for connected vehicles. TomTom Telematics will accelerate Bridgestone on its journey to becoming a mobility solutions leader in the region, and the combination of both companies’ offerings will allow Bridgestone to cross-sell tyres and solutions to a larger customer base. Furthermore, the data access will enhance Bridgestone’s virtual tyre development and testing as well as connected tyre innovation benefiting all customers including OEMs. New social, economic and technological megatrends are pushing the pace of change in the automotive industry and the future of vehicles is connected, autonomous, shar
Uutishuoneessa voit lukea tiedotteitamme ja muuta julkaisemaamme materiaalia. Löydät sieltä niin yhteyshenkilöidemme tiedot kuin vapaasti julkaistavissa olevia kuvia ja videoita. Uutishuoneessa voit nähdä myös sosiaalisen median sisältöjä. Kaikki STT Infossa julkaistu materiaali on vapaasti median käytettävissä.Tutustu uutishuoneeseemme