Guavapay signs acquiring and issuing partnership with Discover
By Gloria Methri
Guavapay, a London-based FinTech company, and Discover Global Network have partnered to expand scheme access with memberships in acquiring and issuing.
This collaboration looks to reinforce Guavapay’s strategy of broadening the payment methods and increasing acceptance for cards that run on the Discover Global Network. Guavapay will offer its customers debit and prepaid cards that will run on the Discover Global Network, as well as enable merchants to accept Discover, Diners Club International®, and network affiliate cards for payment.
Guavapay aims to serve the growing market for acquiring and card issuing services and offer more extensive solutions to a wider range of customers. The acquiring partnership provides Guavapay merchants with greater growth opportunities by allowing them to operate within the Discover Global Network.
The partnership increases the acceptance methods for Discover, Diners Club International and affiliate network Cardholders and brings a new customer base for Guavapay. It will allow Guavapay to issue cards that run on the Discover Global Network, giving its customers access to a large acceptance footprint.
“The card landscape has become more competitive, dynamic, and complex, with a greater emphasis on security, speed, and convenience. It is a rapidly evolving industry that is constantly being shaped by new technologies, changing consumer behavior, and shifting regulatory environments. At Guavapay our main philosophy is to stick to ever-changing market demands and try to always stay ahead of the competition,” said Grant Wyatt, Guavapay CEO.
“The strategic partnership with Discover Global Network is an important milestone for us. It reinforces Guavapay’s continuous efforts to expand customer choice and grant a compelling card payments acceptance experience.”
“This relationship allows both parties to bring their strengths to the table and create the best outcome for our customers possible,” said Tribh Grewal, Head of AltPay, Fintech, and Commercial Solutions, Discover Global Network. “Guavapay will increase merchant acceptance for Discover Global Network cardholders, and we will provide our global reach for their cardmembers.”
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