Visa Canada has teamed up with Plug and Play, a global accelerator and prominent player in venture capital. As a founding sponsor, Visa pledges to help Plug and Play establish itself in the Canadian market. This partnership aims to create a platform where fintech innovation can flourish through collaborations.
The Canadian fintech scene is experiencing
unprecedented growth, with projections indicating a staggering compound annual
growth rate of 25% through 2029. Visa’s collaboration with Plug and Play is
poised to amplify this growth by providing fintechs access to the unparalleled
power, scale, trust, and security of Visa’s global network.
Visa’s Initiatives in Advancing Fintech
Chris Ferron, the Head of Digital Partnerships and
Fintech at Visa Canada, mentioned: “Fintechs spark and enable innovation.
They can enhance our capabilities, help clients reach new audiences, and
constructively challenge us. At Visa, we embrace fintechs, large and
small.”
“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. We look forward to working with Plug and Play to advance the
mission of fintechs and make money movement easy.”
Additionally, Visa has committed to enhancing the
payment ecosystem through programs like the Fintech Fast Track Program. This
initiative involves collaboration with approved fintech startups, providing
them with the tools and insights needed to swiftly introduce new payment
solutions to the market.
Expect ongoing updates as this story evolves.
This article was written by Jared Kirui at www.financemagnates.com.
