The Icelandic digital banking and personal finance solutions software company Meniga has recently announced their new partnership with the retail payment network Visa, with aims to accelerate its expansion within the Asia-Pacific region.
As part of the agreement, Meniga will join the Visa Ready Programme as a certified Fintech Enablement partner. The new Visa Ready certification now means that Meniga’s solutions meet Visa’s global standards around security and functionality, providing further credibility to Meniga’s established digital banking capabilities within the APAC markets. They’ll also be listed on the Visa Partner Portal, to help facilitate more opportunities in the region.
The Visa Ready Program is designed to help technology companies, like Meniga, to accelerate their growth by providing certification guidelines and go-to-market support, helping them uncover new markets, as well as gain access to newly launched Visa products and solutions.
By certifying an entire ecosystem of enablement partners, Visa is also providing a platform for other fintechs, merchants and financial institutions to rapidly expand business growth, by providing access to a comprehensive network of new technologies and solution providers that are approved by Visa and meet its certification guidelines.
In Europe, Meniga has already established itself in the provision of digital banking solutions, having developed digital tools that are currently being utilised by a plethora of financial institutions, such as UniCredit, Crédito Agrícola and Swedbank. In July 2019, Meniga entered the Southeast Asian market, launching a new office location in Singapore. Ever since, their services have been thoroughly adopted by a list of notable corporations in the region, such as the Singaporean multinational banking group, UOB.
“We are delighted to have been granted this certification, and that Visa has recognised the reliability and credibility of our solutions” comments Georg Ludviksson, CEO & co-founder of Meniga. “This marks an important step in our plans to accelerate our expansion within the APAC region, where we see a substantial growth opportunity, with the regional fintech ecosystem currently booming. The Visa Ready Program will help facilitate a number of partnership opportunities with some of the most innovative financial institutions, fintechs and businesses in the world, and we’re looking forward to further consolidating our presence in the region, and help a greater number of banks supercharge their digital banking offering.”