Visa & Hyperface team to boost Credit Card-as-a-Service solutions
By Gloria Mathias
Visa, the global leader in digital payments, has announced a partnership with Hyperface, Asia’s Credit Cards-as-a-Service (CCaaS) platform to enable the digital issuance of Visa credit cards to mid-sized and large businesses and contribute to the growth of co-branded credit cards in India.
With this partnership, Visa seeks to enhance its breadth of digital-first offerings, enabling banks and merchants to deliver comprehensive and robust credit solutions within its network. Merchants too will be able to launch co-branded credit cards with speed and drive loyalty, with the suite of products and partnerships that Hyperface offers.
“We are happy to partner with Hyperface to provide a superior platform for our issuing clients to launch configurable credit card programs with in-built customization of benefits and hyper-personalization capabilities. In a country with a growing appetite for credit and new experiences, we are confident that this partnership will play a key role in expanding credit access and driving credit card usage across segments,” said Sujai Raina, VP and Head of Business Development, Visa India.
“We are extremely delighted to partner with a global leader like Visa. Hyperface is reimagining the digital experience for credit cards. Visa has extensive distribution and a deep commitment to technology. This partnership provides a great foundation to build innovative and powerful products for Visa’s bank and cobrand partners.”, said Ramanathan RV, Co-Founder & CEO of Hyperface.
As a network of networks, Visa aims to build a secure, swift, and seamless transaction ecosystem for consumers and businesses. The synergy of product offerings and solutions because of this association will bring a host of benefits to consumers, including a superior end-user experience, an intuitive onboarding process, and streamlined card lifecycle management when accessing credit from partner banks.
IBSi Daily News Analysis
December 08, 2023
Most consumers seek safer, easier payment verification, research revealsRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage