Wirecard and Visa collaborate on Visa Fintech Fast Track Program

Wirecard has signed an agreement to become the preferred payment processor for Visa to bolster the Visa Fintech Fast Track Program in the Middle East region. The Visa Fintech Fast Track Program enables fintech partners to develop new commerce experiences leveraging the reach, capabilities, and security that VisaNet offers. As a strategic partner, Wirecard will provide its financial technology and payment solutions, as well as its in-depth market expertise aimed at accelerating growth and innovation within the thriving payment and fintech community in the region.

Together, Wirecard and Visa will additionally cooperate to develop programs aimed at accelerating growth and innovation for their respective businesses. Wirecard now has the ability to access Visa's growing network that is part of the Visa Fintech Fast Track Program and provide guidance to fintechs in helping them get up and running in the most efficient way possible.

Otto Williams, Vice President, Strategic Partnerships, Fintech and Ventures, CEMEA at Visa, said, "We recognize that fintechs are nimble and fast and expect the same of any partner. This partnership with Wirecard will allow us to continue to enhance the value of fintechs being part of our network and ensure that we work together on innovative new commerce experiences that can be delivered at scale and with pace."