Visa Canada has announced a new partnership with Plug and Play, a startup accelerator and venture capital firm.
Under the agreement, Visa will support Plug and Play’s entrance into the Canadian FinTech market and set up a platform for FinTechs.
Visa said that FinTechs will be able to use Visa’s global network to scale, while also being invited to interactive events where they can collaborate and learn from new partners.
According to the payments giant, the Canadian FinTech industry is expected to reach a compound annual growth rate of 25 per cent by 2029.
The partnership builds on a previous collaboration between the two companies in the US.
The Inclusive FinTech Accelerator programme was set up to help increase diversity and inclusivity in the sector. Founders taking part receive access to Visa products, APIs and insights.
Commenting on the news Chris Ferron, head of digital partnerships and FinTechs at Visa Canada, said that FinTechs can enable innovation, help clients reach new audiences and enhance the capabilities of financial services firms.
“As a leader in digital payments, we work with FinTechs to shape the future of payments through strategic collaborations and product offerings that help push the boundaries of payment technology and user experiences,” added Ferron. “We look forward to working with Plug and Play to advance the mission of FinTechs and make money movement easy.”
Latest News
-
British financial sector optimism falls at fastest rate since 2022 amid Budget concerns
-
TransUnion to buy Monevo
-
Global banks to axe 200,000 jobs by 2030 as AI takes over human tasks, finds Bloomberg
-
Lloyd's of London chief executive officer Neal to step down in 2025
-
JPMorgan becomes final major Wall Street bank to exit climate alliance
-
Visa and Qashio partner on B2B travel payments solution
Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.
Achieving operational resilience in the financial sector: Navigating DORA with confidence
Operational resilience has become crucial for financial institutions navigating today's digital landscape riddled with cyber risks and challenges. The EU's Digital Operational Resilience Act (DORA) provides a harmonised framework to address these complexities, but there are key factors that financial institutions must ensure they consider.
Legacy isn’t the enemy: what FSIs can do to keep their systems up and running
In this webinar we will examine some of the steps FSIs have already taken to rigorously monitor and test systems – both manually and with AI-powered automation – while satisfying the concerns of regulators and customers.
Optimising digital banking: Unifying communications for seamless CX
In the digital age, financial institutions risk falling behind their rivals if they fail to unite fragmented communications ecosystems to deliver seamless, personalised customer experiences.
This FStech webinar sponsored by Precisely explores vital strategies to optimise cross-channel messaging through omnichannel orchestration and real-time customer data access.
This FStech webinar sponsored by Precisely explores vital strategies to optimise cross-channel messaging through omnichannel orchestration and real-time customer data access.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories