【dichoptic version of tetris】Visa's (V) Program to Aid Asia Pacific Startups Thrive Globally
Visa Inc.
V recently introduced an accelerator program in an effort to provide startups with the opportunity to establish presence across newer markets after successfully launching their solutions in the home markets. Thedichoptic version of tetris program usually runs for a time period of four to six months.
This time around, Visa has invited several startups across Asia Pacific to participate in the Visa Accelerator program, out of which the company will select a maximum of six elite startups. The selected startups will work closely with Visa and even get access to its broad network of bank and merchant partners in Asia Pacific. This, in turn, is likely to provide the selected startups not only the opportunity of global expansion but also access to diverse customer groups.
Through this accelerator program, Visa aims to work with startups, which intend to leverage numerous financial and technological opportunities prevailing in Asia Pacific. The emphasis of the selected startups should be on providing digital assistance to underserved consumers and businesses, and helping small businesses cope with the changing technology demands triggered by the COVID-19 pandemic. Case in point, Visa has always been committed to increasing usage of digital transactions, which was gradually gaining popularity but the pandemic accelerated the trend.
Moreover, the selected startups should try to innovate newer ways of money movement apart from the traditional means like credit or debit cards. They should also promote the open data environment thereby resulting in enhanced outcomes with regard to personalized banking and shopping experiences.
Furthermore, the abovementioned move bodes well since Asia Pacific has produced a host of successful startups, which have devised effective solutions. Hence, announcement of the Visa Accelerator program seems to be time opportune. With the global expertise of Visa, the selected startups will be able to roll out enhanced solutions, which can even fetch them a commercial deal with renowned banks, retailers or technology companies in the Asia Pacific region.
Shares of Visa have gained 15.7% in a year compared with the industry’s rally of 11.4%. Other companies in the same space,
American Express Company
AXP has inched up 1.1% in a year, while
Discover Financial Services
DFS has lost 9.4% in the same time frame.
Visa is committed to aiding startups with their expansion plans. This is evident from the latest move, which is aimed at eliminating the challenges often encountered by startups for operating in multiple markets.
It has to be noted that Visa has always provided necessary assistance to startups, ranging from technological assistance to empowering them with enhanced payments solutions. Case in point, Visa’s Fast Track program, which was enhanced last month, primarily intends to support growth of fintechs so that they can innovate new solutions and enhance growth prospects.
The company’s peer,
Mastercard Incorporated
MA, has also been expanding its Accelerate portfolio, which was launched last year to enable the company to work with fintechs spanning across all stages of growth and transformation.
Coming back, the emergence of a cashless economy amid the rising adoption of digital transactions worldwide has provided Visa with an opportunity to bank on the prevailing scenario on the back of its technical prowess and secured payments network. Notably, it currently has a Zacks Rank #4 (Sell).
You can see
the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
.
Legal Marijuana: An Investor’s Dream
Imagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027.
Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.
Download Marijuana Moneymakers FREE >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
American Express Company (AXP) : Free Stock Analysis Report
Mastercard Incorporated (MA) : Free Stock Analysis Report
Visa Inc. (V) : Free Stock Analysis Report
Discover Financial Services (DFS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
View comments
-
Biden Holds onto a Winning Margin in the Polls after the 1st DebateDo Directors Own Vonex Limited (ASX:VN8) Shares?How Much Are MTY Food Group Inc. (TSE:MTY) Insiders Taking Off The Table?Is the Dollar in for a Surprise? Nonfarm Payrolls and Wage Growth in FocusAptose to Hold Corporate Update Sunday, December 6thActivision Blizzard plans to terminate CFO NeumannWGA Votes Overwhelmingly for New Code of Conduct, Agents Have a Week to Negotiate Before They’re FiredIs Schwab MarketTrack Growth Investor (SWHGX) a Strong Mutual Fund Pick Right Now?Video Meetings Can Be Superior MeetingsApache Canada Ltd Subject to AER Enforcement Action
下一篇:U.S. Should Cut the Swiss Some Slack on Currency Manipulation
- ·FINAL DEADLINE TODAY: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against HDFC Bank Limited and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
- ·UPDATE 1-Toshiba likely to miss quarterly earnings deadline for 3rd time-sources
- ·Does Corby Spirit and Wine Limited’s (TSE:CSW.A) Recent Track Record Look Strong?
- ·What Investors Should Know About Funding Circle Holdings Limited’s (LON:FCH) Financial Strength
- ·German carmakers had crisis call with Merkel: Handelsblatt
- ·Malaysia changes version of last words from missing flight's cockpit
- ·Do Insiders Own Lots Of Shares In Mariner Corporation Limited (ASX:MCX)?
- ·Congress leaders invited to White House for border briefing
- ·Bill.com Holdings Inc (BILL) President and CEO Rene A. Lacerte Sold $1.2 million of Shares
- ·US STOCKS-Bank, energy stocks lift Wall Street higher in choppy session
- ·Pressure on small brokers grows a year after new EU rules
- ·Law Firms Are Reimagining Origination Credit
- ·Wall Street falls as coronavirus shreds U.S. payrolls
- ·See which colours dominated your Instagram posts in 2018
- ·Watch: Why This Video Could Doom Kik’s SEC Fight
- ·GTT: Termination and implementation of a liquidity contract
- ·E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Strong Over 27741, Weak Under 27400
- ·Disturbed Frontman Explains Why It’s ‘Strange’ To Compete Against Beyonce for Best Rock Performance Grammy
- ·What Does CK Infrastructure Holdings Limited’s (HKG:1038) P/E Ratio Tell You?
- ·What to Watch Tuesday: Mindy Returns, Cougar Town Finale, @CraigyFerg Hosts TPIR and More
- ·Pompeo says U.S. considering welcoming Hong Kong people, entrepreneurs
- ·PG&E must deal with problem that bankruptcy won't end: fires
- ·Data Sheet—Burning Cash With China's Meituan-Dianping Delivery Service
- ·BRIEF-Camsing International Holding Appoints Jie Jing As CEO
- ·National CineMedia (NCMI) Jumps: Stock Rises 10.6%
- ·BRIEF-Kweichow Moutai Sees 2018 Net Profit Up About 25 Pct Y/Y
- ·Machinery Companies' Earnings Due on Nov 5: PH, MIDD & FLS
- ·Here’s What Cathay General Bancorp’s (NASDAQ:CATY) P/E Ratio Is Telling Us
- ·Prophecy Starts District Exploration at Pulacayo
- ·FOREX-Dollar stabilizes vs yen, weakens against other major currencies
- ·SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Canaan Inc. and Encourages Investors with Losses to Contact the Firm
- ·Investor Network: Elevate Credit, Inc. to Host Earnings Call
- ·Meghan Trainor’s TMI Comments on Daryl Sabara Marriage: From ‘Gross’ Toilet Moments to ‘Painful’ Sex
- ·Vector Resources Limited (ASX:VEC): What Does Its Beta Value Mean For Your Portfolio?
- ·Machinery Companies' Earnings Due on Nov 5: PH, MIDD & FLS
- ·FCPA Lawyer Predicts GCs, CCOs Have Targets on Their Backs in 2019