Visa (NYSE: V), a global digital payments provider, announced it has joined the AWS Partner Network (APN), a global community that leverages AWS technologies, programs, expertise, and tools to build solutions and services for customers.
Visa’s presence in the APN will help “enable its partners and clients, including cloud-native fintechs, to access and integrate select Visa services more efficiently.”
Visa is committed to “making transactions faster, easier and more secure for all players in the payments ecosystem.”
Visa will make select payment services “available in the AWS Marketplace, which has more than 300,000 global customers and thousands of software listings.”
By making its services available in AWS, Visa is “meeting its clients where they are. One of the first services to be available is Visa Cross-Border Solutions, which assists in streamlining the process of sending and receiving money globally and holding multiple currencies.”
This strategic positioning will allow Visa’s clients “to integrate solutions like Visa Cross-Border Solutions into their business operations – eliminating the need for them to step out of their established platforms.”
Vanessa Colella, Global Head of Innovation and Digital Partnerships, Visa said:
“Visa is dedicated to better serving our clients in cloud environments, which is why we’re excited to bring Visa Cross-Border Solutions to the AWS Marketplace. 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.”
Through AWS, Visa plans to bring “more of its products to clients operating in 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 centers, implementing specialized hardware like physical routers, and payment hardware security modules (HSMs).”
Merusha Naidu, Global Head of Partnerships, Paymentology said:
“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. This partnership paves the way for enhanced digital payment solutions, providing startups with the tools they need to innovate and thrive in today’s fast-paced landscape.”
Visa is also announcing that it is now “part of AWS Activate, AWS’s flagship startup program.”
Fintech clients enrolled in the Visa Fintech Fast Track program, and verified by AWS as eligible, can “receive up to $100,000 in AWS Activate credits to help jumpstart their growth and reduce their time to market.”
