Visa, a world leader in digital payments, has partnered with M2P Fintech, Asia’s largest API infrastructure company, to help fintech and non-banking entities issue payment products seamlessly through the Visa Ready to Launch (VRTL) program, according to a press release. M2P Fintech specializes in building financial infrastructure through a wide range of accessible solutions. By acting as a tech layer between banks, fintechs and financial institutions, it delivers cutting-edge APIs that work to embed financial technology in core business offerings.
The VRTL program addresses significant challenges faced by fintech and non-banking entities when launching new card programs. These challenges encompass technological, operational, and commercial aspects that can be daunting due to the fragmented card enablement landscape. Additionally, partnerships with numerous players in the ecosystem, including licensed financial institutions for Bank Identification Number (BIN) sponsorship, issuer processors, Know Your Customer (KYC), and Anti-Money Laundering (AML) partners, are imperative for successful multi-market penetration.
By providing end-to-end card issuance capability through product bundling and program management, combined with a secure and scalable technology integration platform via API and SDK, Visa Ready to Launch streamlines the entire process. The program’s ‘One Contract’, ‘One Pricing’ & ‘One Integration’ approach reduces go-to-market timelines, enhances overall capacity, and ensures participating fintech benefit from a quick onboarding experience.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below: