Wirecard becomes Visa’s payment processor in the Middle East

The Germany-based payments company, Wirecard has partnered with Visa Inc. to become payment processor for the Visa Fintech Fast Track Program in the Middle East region. The Visa Fintech Fast Track Program helps fintech partners to develop commerce experiences with the security of VisaNet which Visa’s global payment network offers.

In this partnership, Wirecard will provide its financial technology and payments solutions in the Middle East region. They will also additionally develop a program that will be aimed to accelerate the growth and development of their respective businesses.

“We are excited to be a part of the Visa Fintech Fast Track Program and together, we can continue delivering financial technology innovations to the key Middle East market,” said Regional Manager for Wirecard in the Middle East Humza Chishti.

This partnership with Wirecard will allow us to continue to enhance the value of fintechs being part of our network and ensure that we work together on innovative new commerce experiences that can be delivered at scale and with pace,” said Otto Williams, Vice President, Strategic Partnerships, Fintech and Ventures, CEMEA at Visa.