Europe Paytech Trending

Firms on AWS Marketplace Can Benefit From Visa Solutions Due to Integration Via AWS Partner Network

Visa, the digital payments powerhouse, will be able to easily grant its clients access to join its solutions like Visa Cross-Border Solutions, having joined the AWS Partner Network, a global community that leverages AWS technologies, programs, expertise and tools to build solutions and services for customers.

Businesses within the AWS Marketplace, which has more than 300,000 global customers and thousands of software listings, will no longer need to step out of their established platforms to integrate Visa solutions into their offerings following the new partnership.

Visa Cross-Border Solutions is one of the first services to be made available to the AWS marketplace. It streamlines the process of sending and receiving money globally and holding multiple currencies.

Vanessa Colella, global head of innovation and digital partnerships, Visa
Vanessa Colella, global head of innovation and digital partnerships, Visa

“Visa is dedicated to better serving our clients in cloud environments. This is why we’re excited to bring Visa Cross-Border Solutions to the AWS Marketplace,” said Vanessa Colella, global head of innovation and digital partnerships, Visa. “We aim to make our solutions readily accessible and available for customers to easily integrate across diverse platforms. This is a step further in our broader commitment to reduce challenges for financial institutions and enterprises.”

Moving to the cloud

Through AWS, Visa plans to bring more of its products to clients operating on the cloud. Companies wanting to process payments through AWS on VisaNet, Visa’s global processing network, can already establish secure AWS Privatelink connectivity with Visa Cloud Connect.

Cloud-native fintechs, financial institutions, and enterprises have found using cloud services can help accelerate service deployment and customer adoption. It can also contribute to lowering costs associated with local data centres. Additionally, it can implement specialised hardware like physical routers and payment hardware security modules (HSMs).

Merusha Naidu, global head of partnerships at Paymentology
Merusha Naidu, global head of partnerships at Paymentology

“As a cloud-native card issuer and processor, and one of the first issuer processors in Europe to connect to the Visa Cloud Connect endpoint in the EU, we believe the enablement of Visa services through AWS is a gamechanger,” said Merusha Naidu, global head of partnerships, Paymentology. “This partnership paves the way for enhanced digital payment solutions. It will also provide startups with the tools they need to innovate and thrive in today’s fast-paced landscape.”

Jumpstarting growth

Visa has also announced that it is now part of AWS Activate, AWS’s flagship start-up program. Fintech clients enrolled in the Visa Fintech Fast Track program can receive up to $100,000 in AWS Activate credits. These can help them to jumpstart their growth and reduce their time to market.

Howard Wright, VP and global head of startups at AWS
Howard Wright, VP and global head of startups at AWS

“We are excited to support the expansion of digital payments, banking, and embedded finance capabilities to enterprises and fintech startups building their applications on AWS,” said Howard Wright, VP and global head of startups at AWS. “We are looking forward to working with Visa. Additionally, we want to help make financial apps in the cloud more accessible, faster, secure, and easier to use.

Author

Related posts

The New Normal Is Digital

Manisha Patel

50% of Australian Businesses Avoid Awkward Money Conversations With Customers; Finds GoCardless

The Fintech Times

Revolut Launches Cashback Service in Ireland Ahead of Seasonal Shopping Period

Tyler Pathe