Payments issuer processor GPS has secured strategic investment from payments giant Visa.
In Brief:
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GPS provides “hyper personalised” experiences for cardholders on behalf of brands.
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It has helped launch FinTechs such as Revolut and Starling Bank.
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Visa is a strategic partner that will support GPS’ international growth.
What does this mean?
GPS has already expanded into the APAC region with the support of DIT’s FinTech Bridge programme. It was instrumental in the delivery of WeLab Bank, Hong Kong’s first virtual bank. It’s also partnering with Visa to deliver a “next generation showcase” for the Tokyo Olympics in 2021. It hopes to emulate this success and work with Visa across other regions now too.
