Visa has announced that it had expanded the Visa Fintech Partner Connect program. It is a program designed to help financial institutions quickly connect with a set of “vetted and selected” technology providers. It is now available to Visa customers in the United States and in several markets in Asia-Pacific, Central Europe, the Middle East, Africa, Latin America and the Caribbean.

The initiative is rooted in the belief that fintechs are key players in the industry today. Sometimes competing with banks and other traditional institutions, fintechs can also be excellent partners for the latter. The Visa Fintech Partner Connect program aims to foster such collaboration.

“In today’s climate, creating a competitive financial product requires more technology than ever. Consumers want seamless mobile and web interactions, and they want access to a wider range of digital banking capabilities, ”said Terry Angelos, senior vice president and global head of Financial Technology at Visa.

“Community banks will continue to evolve to best serve the needs of their customers and communities, and this means embracing the latest digital tools and technologies while also staying true to their relationship banking roots.

Read also:Uganda Issues First Fintech License, Which Costs Up To $2.8m To MTN, Airtel

Programmes such as Visa Fintech Partner Connect that help expedite the process of sourcing and vetting financial technology providers can help smaller banks accelerate their digital roadmap, retain and expand their customer base while reducing costs,”said ICBA Bancard President and CEO Tina Giorgio.

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer