Demand for digital transactions is on the rise. Here's how Visa's Fast Track program is helping fintechs handle this new environment. Visa ad
as more people manage their money from their personal devices and businesses seek fast paths to recovery amid the fallout of COVID-19. supports the global fintech community by enabling both new and established businesses to leverage the speed, security, reliability, and scale of the Visa network to get up and running quickly. Fast Track has grown 280% since expanding globally a year ago, with more than 140 fintechs now part of the program, highlighting the surge in demand for digital payments.
Visa partners including Airwallex, Fundation, and Rappi have used their focus on innovation and growth to respond nimbly to COVID-19. Australia-founded Airwallex has offered to waive international transaction fees to Australian and UK small businesses in need, and US-based Fundation is helping small businesses quickly get the capital they need during these times. Rappi, out of Colombia, has begun piloting food delivery by robots, working to minimize the spread of the virus.
"Our goal is to bring cutting-edge fintechs into the Visa ecosystem, to help them grow and scale in record time," said Terry Angelos, senior vice president and global head of fintech, Visa. "Visa is committed to helping fintechs, many of which are small businesses, advance their potential and get into market quickly so they are ready to provide innovations that move the world forward every day — and especially in current times.
The program provides turnkey access to Visa's ecosystem partners, online licensing, Visa's APIs and extensive go-to-market toolkits, online education and expert advice. With new members from Africa, Asia Pacific, Europe, Latin America, the Middle East, and North America, these fintechs are transforming how consumers and businesses manage money, invest, receive loans and send payments worldwide.
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