Wirecard, a leading player in global fintech market renowned for its innovative product solutions has just revealed its strategic partnership with US payment giant Visa Inc in its latest announcement. According to announcement revealed by the fintech service provider, it has been selected by Visa to strengthen the presence and market reach of its Fintech Fast Track program in the Middle Eastern region. Many in the industry may already be familiar with this program as it is a major move made by the American multinational payment giant Visa aimed at increasing its market reach across global fintech industry by providing firms in sector with access to its global payment network VisaNet. Fintech firms that sign up as member of this program can use VisaNet’s advanced capabilities and securities to further develop and strengthen their own products and services.
Also, members within the group can make use of each other’s product solutions and services to improve their business and extend market reach. As a strategic partner in this program, Wirecard has agreed to provide the group with access to its financial technology and payment solutions alongside its in-depth market expertise which focuses on accelerating growth and innovation to help fintech firms from Middle Eastern region thrive in their business endeavors. At the same time, Visa and Wirecard will work together focusing their efforts in creation of programs that can help accelerate and innovate their own products and services. By leveraging VisaNet’s capabilities and Wirecard’s knowledge and services members of fintech fast track program based in the region can run their organizations in highly efficient manner.
Commenting on this partnership agreement, Humza Chishti –Wirecard’s regional manager for Middle Eastern region said, “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”.
Speaking on same note, Otto Williams – VP of Strategic Partnerships, Fintech and Ventures for CEMEA region at Visa said, “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”.
