As part of increasing support for companies in the payment ecosystem, Visa has announced two new elements of the Fintech Fast Track program. These are a partner toolkit to help fintechs accelerate the pace of their development and better serve customers, and the Visa Ready for Fintech Enablers certification program, which will help fintechs more easily reach Visa-certified partners and more efficiently implement key services.
Visa works with Bankable (Great Britain), Cinkciarz.pl (Poland), Enfuce (Finland), ininal (Turkey), Modulr (Great Britain), PayPal (USA), Railsbank (Great Britain), Vivid Money (Germany), and many more.
"I am delighted that fintech partners are using our programs and our network to digitize financial services, making life easier for consumers and businesses they work with," Sebastian Geldner, Visa's CEE business development director, said.
A Polish example of a fintech that has established close cooperation with Visa is Cinkciarz.pl, the first online currency exchange in Poland and a provider of foreign exchange and cross-border services for both individuals and small and medium-sized enterprises. In autumn this year, thanks to the solutions offered by Visa, Cinkciarz.pl offered its clients a multi-currency payment card with a dedicated mobile application. As a result, cardholders have access to free payments in all supported currencies and up to 20 foreign currency accounts. In addition, they can also top-up cards and transfer funds to a currency wallet, and withdraw money from ATMs around the world. In addition to the traditional plastic card, a digital version is also available.
“This is a huge change for our customers as they can now use the funds listed on the portal more easily by transferring them to their card and withdrawing from an ATM or paying online,” Piotr Kiciński, vice president of Cinkciarz.pl.said.