FORBES: VISA aims to be an ally to fintechs
VISA is aiming to partner up with fintechs and other startup companies by launching VISA Partner, an online portal that gives unprecedented access to its technologies and networks. The reason for this initiative is the huge potential that the digital payments market offers. The digital payments market continues to grow, and while it already grows rapidly, there is still a lot of market potential on top of that.
According to VISA $17 trillion in consumer payments are still made with cash or cheques, and 1.7 billion people around the world are still unbanked. This offers a large potential for fintechs or other startup companies with new forms of digital payments. Through the launch of Visa Partner, VISA makes it easier for fintechs to launch, enabling them to innovate faster and to bring new payment flows to market.