Visa, a world leader in digital payments, has announced an open call for start-ups in the region including in the Philippines to apply for the Visa Accelerator Program 2023.
Now in its third year in Asia Pacific, the Visa Accelerator Program selects a small group of startups to collaborate on some of the most pressing challenges in the payments industry.
The 2023 program will focus on developing solutions in the following areas: Web 3.0, global money movement, embedded finance, merchant and small business enablers, and open banking solutions.
The Visa Accelerator Program was launched in 2020 and has since enabled the growth of some of Asia Pacific’s most prominent startups.
The five startups from the 2022 cohort presented their proof-of-concepts at the Visa Accelerator Spotlight event, after working with Visa product and business development teams to bring their concepts to life and expand their businesses into new markets across the region.
Startups from the 2021 and 2022 cohorts secured nine commercial deals with Visa’s clients and partners in Asia Pacific.
Additionally, Visa has entered into six partnership and commercial agreements with selected startups, emphasizing the value that startups can bring to the larger payments industry.
“It is exciting to see great products co-developed by the successful startups from the previous cohorts, who have also become our valued partners in the region. We’re looking forward to seeing applications from the Philippines for the Visa Accelerator Program 2023,” said Jeff Navarro, Visa Country Manager for the Philippines and Guam.
To tap into the best of the Asia Pacific startup community, Visa is partnering with Plug & Play, one of the world’s most successful global innovation platforms.
