Visa and Global Processing Services have joined together to help FinTech startups scale in Asia Pacific.
GPS will become a preferred issuer processor for Visa’s Fintech FastTrack Programme in the APAC region.
This will help FinTechs build, test and launch new payment solutions.
GPS is integrated with over 40 issuing banks, has over 100 clients and uses over 150 currencies.
What does this mean?
FinTechs are still having trouble getting off the ground in many regions. Incubators with the backing of finance giants like Visa add credibility and vital resources – and GPS can add its technical capabilities as well as industry knowledge to the mix.