Visa has launched a new initiative called Visa Commercial Integrated Partners to improve how fintechs and business application providers connect with the payment giant’s commercial platform.
The program allows financial institutions to offer integrated payment services through advanced APIs without the need for lengthy technical development.
By embedding Visa products directly into platforms such as enterprise resource planning, expense management, and vehicle apps, financial institutions can provide virtual card payments, enhanced transaction controls, and richer data services to their business customers.
These integrations are pre-evaluated by Visa and made available to issuers through a central platform, helping accelerate time to market and reduce onboarding costs.
Visa said the program helps both banks and fintechs lower development and distribution costs while delivering new digital payment experiences.
The initiative is structured to support a global network of partners, with consistent standards around data privacy, security, and technology integration, and with the flexibility to meet regional requirements.
“Visa Commercial Integrated Partners represents a significant step forward in our mission to empower financial technology providers and financial institutions with innovative digital payment solutions.
By leveraging our network and Commercial APIs, we are enabling our partners to innovate faster, reduce development and distribution costs and deliver superior payment experiences to their clients – it underscores Visa’s commitment to driving the future of digital payments and supporting the growth of the fintech ecosystem globally.”
said Darren Parslow, Global Head of Visa Commercial Solutions.
Featured image: Edited by Fintech News Singapore, based on image by muravev via Freepik
