Pana works with Visa to deliver upcoming banking innovation

By Edlyn Cardoza

By joining Visa’s Fintech Fast Track program, Pana will deliver an innovative digital banking experience to the Hispanic community in the United States.

Pana, a Latino-focused neobank, recently announced that it has joined Visa’s Fintech Fast Track program, speeding up the process of integrating with Visa, a world leader in digital payments, allowing Pana to more easily leverage the reach, capabilities, and security that VisaNet, the company’s global payment network, offers. Through Fast Track, Pana can address key pain points millions of Hispanics in the USA have experienced when it comes to banking and money management.

“Among the Hispanic community, banking is a group thing — it is experienced through a communal approach to expenses and family sharing,” said Pana’s CEO & co-founder Piero Núñez-del Risco. “That’s why we are building an easy to open digital bank account through which users with shared needs can connect and perform basic banking transactions currently outside their reach.”

The team, led by Piero, former Head of Scotiabank’s Digital Factory in the Caribbean and Central America and Luis Peña, its CTO and co-founder, has a proven track record in digital banking and technology and a powerful link to the Hispanic community in the USA.

Visa’s Fintech Fast Track Program provides startups like Pana the ability to access Visa’s growing partner network and experts who can guide in helping them get up and running in the most efficient way possible.

“By joining Visa’s Fast Track program, exciting Fintechs like Pana gain unprecedented access to Visa experts, technology, and resources,” said Terry Angelos, SVP and Global Head of Fintech, Visa. “Fast Track lets us provide new resources that rapidly growing companies need to scale with efficiency.”

Recently, IBS Intelligence reported that Airwallex, a leading global FinTech platform, had introduced the U.S. Airwallex Borderless Card, a virtual Visa card issued by Community Federal Savings Bank (“CFSB”), enabling U.S. businesses to make digital card payments around the world easily.