Visa Launches Payment Innovation Competition for Fintech Start-Ups
by
Andy Traveller
Six finalists will be granted access to various potential funders to support their concept's development.
Calling all start-ups and Payments entrepreneurs! Visa Europe Collab, Visa Europe’s international innovation hub, and The Accelerator Network announced this week the launch of a competition to spark, develop and evolve ideas for innovative payment products and services.
Visa Europe Collab and The Accelerator Network have announced the launch of a competition for innovative payment products and services.
The competition is divided into three broad categories, each “with huge scope and potential to shape the future of the payments landscape” (Niamh de Niese, Director of Innovation Delivery at Visa Europe Collab). The first, Digital Me, seeks personal digital data storage solutions that both ensure privacy and easy access to the right data at the right time.
The second category is titled Data Me, which will encourage solutions allowing easy control over the sharing of personal data with sites and stores. Finally, the Group Payments category is looking to make payment for something as a group easier.
Judged on the level of innovation, proof of concept, and evidence of commercial interest, the six finalists will be granted access to Visa partners, member banks and retailers, as well as to The Accelerator Network in order to support their development; not to mention an invitation to Tel Aviv for the final judging.
The winning team will go on to develop proof of concept for their idea over a 100-day process, from scoping, iteration and qualification through to market testing and design.
Offering these businesses the chance to work with ... the team’s wealth of industry experience, and the company’s connections ..., will be invaluable in helping them scale their businesses.
As Ian Merricks, chair of The Accelerator Network, stated: “Offering these businesses the chance to work with Visa Europe Collab with the team’s wealth of industry experience, and the company’s connections with more than 3,000 European member banks and financial organisations, will be invaluable in helping them scale their businesses.”
This competition announcement resonates with the recent hype surrounding the future of payment systems. Indeed, in a recent interview with Finance Magnates, SafeCharge's CFO, Ali Khwaja, emphasised the significance of electronic payments, which are undergoing 18-20% annual growth. Estimates used by Khwaja pinned electronic payments in the UK and US markets at around 35%.
As such, much focus has been placed on the development and application of new technologies; Blockchain being the most widely lauded. It comes as no surprise then that Visa is keen to get a slice of the action.
Don’t miss the competition’s deadline: Friday 31, July. Entries can be submitted here.
Calling all start-ups and Payments entrepreneurs! Visa Europe Collab, Visa Europe’s international innovation hub, and The Accelerator Network announced this week the launch of a competition to spark, develop and evolve ideas for innovative payment products and services.
Visa Europe Collab and The Accelerator Network have announced the launch of a competition for innovative payment products and services.
The competition is divided into three broad categories, each “with huge scope and potential to shape the future of the payments landscape” (Niamh de Niese, Director of Innovation Delivery at Visa Europe Collab). The first, Digital Me, seeks personal digital data storage solutions that both ensure privacy and easy access to the right data at the right time.
The second category is titled Data Me, which will encourage solutions allowing easy control over the sharing of personal data with sites and stores. Finally, the Group Payments category is looking to make payment for something as a group easier.
Judged on the level of innovation, proof of concept, and evidence of commercial interest, the six finalists will be granted access to Visa partners, member banks and retailers, as well as to The Accelerator Network in order to support their development; not to mention an invitation to Tel Aviv for the final judging.
The winning team will go on to develop proof of concept for their idea over a 100-day process, from scoping, iteration and qualification through to market testing and design.
Offering these businesses the chance to work with ... the team’s wealth of industry experience, and the company’s connections ..., will be invaluable in helping them scale their businesses.
As Ian Merricks, chair of The Accelerator Network, stated: “Offering these businesses the chance to work with Visa Europe Collab with the team’s wealth of industry experience, and the company’s connections with more than 3,000 European member banks and financial organisations, will be invaluable in helping them scale their businesses.”
This competition announcement resonates with the recent hype surrounding the future of payment systems. Indeed, in a recent interview with Finance Magnates, SafeCharge's CFO, Ali Khwaja, emphasised the significance of electronic payments, which are undergoing 18-20% annual growth. Estimates used by Khwaja pinned electronic payments in the UK and US markets at around 35%.
As such, much focus has been placed on the development and application of new technologies; Blockchain being the most widely lauded. It comes as no surprise then that Visa is keen to get a slice of the action.
Don’t miss the competition’s deadline: Friday 31, July. Entries can be submitted here.
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Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
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20-22 MAY 2024
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Looking to expand your network in #Africa?
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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