Switzerland based payments company BPC has joined Visa’s Fintech Fast Track program as a technology enablement partner, that will allow fintechs to build their own products.
With joining of this Fast Track Program, fintechs outside North America can connect to BPC and will be able to gain access to the VisaNet electronic payments platform. In addition, fintechs can also connect with the national payments system and governments. BPC’s SmartVista platform is also certified under the Visa Ready program, according to a press release.
“As a private organisation, we empathise with fintechs facing the challenge of making the right technology investment to launch a compelling proposition while limiting cash flow risk,” said Jane Loginova, Co-founder of Radar Payments at BPC. “We have designed a payment as a service model leveraging VistaNet that makes it possible for fintechs to launch a fully-fledged financial offering without having to invest in their own infrastructure or acquire complex payment expertise. We handle all payment functions so fintechs can focus on their core business and the customer experience.”
BPC will provide fintechs with software as a service (SaaS) or payment as a service (PaaS) models using its paytech Radar Payments’ international processing centre. Visa’s Fintech Fast Track Program will allow both new and existing businesses to access the Visa’s speed, security, reliability and scale of Visa’s global network. This is also extended to include Visa Direct origination.