Visa’s Everywhere Initiative has been doing the rounds of the world, tasking startups to solve payments and commerce challenges of tomorrow. The initiative is a global innovation program that can enhance their own product propositions and provide visionary solutions for Visa’s vast network of partners.
Currently, it is scouring Latin America, looking for the 12 most innovative Fintech startups that can scale up with the needs of the local market. The most innovative Fintech startup in Latin America, after being selected at the final, will win a $50,000 prize and the chance to partner with Visa in transforming the future of payments and commerce. Startups in Latin America have been applying from April 23 and applications are being accepted till June 15.
Through this program, tech startups from across Latin America and the Caribbean can work on financial services by renovating payments and commerce in the region. According to their website, Visa is looking for Fintech startups, as well as other tech-driven startups in verticals or segments such as IoT, mobile, big data, e-commerce, fraud, and digital identity. These startups can apply their solutions to the financial services industry.