Visa FinTech Partner Connect launches in Europe

By Megha Bhattacharya

Visa today announced the launch of Visa FinTech Partner Connect in Europe. The new initiative is expected to offer financial institutions and merchants in Europe with a suite of capabilities combining the company’s own capabilities with those of selected FinTech partners. The initiative will help customers meet their customers’ demand for new digital payment experiences with access to FinTech solutions.

Mark Nelsen, Senior Vice President, Europe Product, at Visa, said, “The popularity and need for digital payments and online banking has never been greater with the global pandemic accelerating this shift in behaviour. This means that financial institutions and businesses of all sizes are looking for ways to rapidly develop their offerings. Visa FinTech Partner Connect enables them to do just that, combining Visa expertise with some of Europe’s most innovative fintechs to develop next-generation digital solutions.

“We’re already working on a number of exciting projects and look forward to collaborating closely with our clients on new projects over the coming months, which we are confident will enhance the digital payments experiences available to consumers across Europe.”

The FinTech Partner Connect will enable Visa’s clients to access solutions including consumer digital journey with 11:FS Pulse, consumer credit insight with Aire, SME credit risk with AccountScore, buy now and pay later with ChargeAfter, SME data with Codat, merchant search powered by Snowdrop Solutions, transaction compliance with ComplyAdvantage, sustainable banking with ecolytiq, subscription management with Minna Technologies and digital identity verification with Onfido. It will also enable access to budgeting and affordability with OpenWrks, personalised customer engagement platform with Personetics and marketplace payments and escrow with Paycast, (powered by Shieldpay).