Paynetics secures Visa Ready certification to help simplify payments across Europe

By Joy Dumasia

Paynetics, a regulated e-money services provider, announced that it had secured Visa Ready certification, enabling partners to build and launch payment solutions that meet Visa’s global standards. Securing this status marks a significant moment in Paynetics’ mission to make payments simple everywhere.

Through its extended collaboration with Visa, a world leader in digital payments, Paynetics is expanding its banking-as-a-service solution to the gig marketplace, enabling traders and temporary workers to gain access to their wages instantly and more easily.  

Paynetics enables traditional players to digitise their offer and powers corporates, the public sector and FinTechs to meet growing customer expectations and needs. Achieving Visa Ready certifications means that more businesses can take advantage of Paynetics’ modular digital payments platform to design, build, and operate financial products that meet the needs of their customers. 

Mike Peplow, CEO at Paynetics UK, said: “We are thrilled to be in the company of other innovative FinTechs certified by Visa. Businesses and consumers are increasingly demanding better banking solutions and services, and financial institutions need to be equipped with the tools to service these needs. We are a digital-first enabler for brands in Europe, and being Visa Ready certified will further accelerate our global growth ambitions allowing us to support customers in markets around the world.”

Jill Docherty, Head of Business Development, UK&I at Visa, said: “We’re delighted to be extending our partnership with Paynetics and proud they have achieved Visa Ready certification. Demand for digital payments has grown exponentially as a result of the pandemic. By working with partners like Paynetics, we’re able to provide people with the help they need to participate and take advantage of the digital economy.”

Recently, IBS Intelligence reported that Paynetics UK had chosen Thames Technology as its preferred supplier for card procurement services across the UK and Europe. They can now provide bespoke end-to-end card services to their customers.