Digital financial technology firm Wirecard has signed an agreement to be the preferred payment processor for Visa to bolster the Visa Fintech Fast Track Program in the Middle East region, the company announced today.
The Visa Fintech Fast Track Program enables fintech partners to develop new commerce experiences leveraging the reach, capabilities, and security that VisaNet, the company's global payment network, offers.
Wirecard is a fast growing digital platform in the area of financial commerce. It provides both business customers and consumers with a constantly expanding ecosystem of real-time value-added services built around innovative digital Payments by using an integrated B2B2C approach.
The Visa Fintech Fast Track Program enables fintech partners to develop new commerce experiences leveraging the reach, capabilities, and security that VisaNet, the company's global payment network, offers.
Wirecard, as a strategic partner of Visa, will provide its financial technology and payment solutions, as well as its in-depth market expertise aimed at accelerating growth and innovation within the thriving payment and fintech community in the region.
Developing new programs
Together, Wirecard and Visa will additionally cooperate to develop programs aimed at accelerating growth and innovation for their respective businesses.
Wirecard now has the ability to access Visa's growing network that is part of the Visa Fintech Fast Track Program and provide guidance to fintechs in helping them get up and running in the most efficient way possible.
"We are excited to be a part of the Visa Fintech Fast Track Program and together, we can continue delivering financial technology innovations to the key Middle East market," Humza Chishti, Regional Manager for Wirecard in the Middle East, says.
"We recognize that fintechs are nimble and fast and expect the same of any partner. The Visa Fintech Fast Track Program meets fintechs at the speed they work, streamlining access to Visa assets and capabilities, both globally and across the region. This partnership with Wirecard will allow us to continue to enhance the value of fintechs being part of our network and ensure that we work together on innovative new commerce experiences that can be delivered at scale and with pace," says Otto Williams, Vice President, Strategic Partnerships, Fintech and Ventures, CEMEA at Visa.
