Visa to boost digital payments with seven new startups

Digital payments major Visa announced today that it will partner with seven new startups as part of its Visa Accelerator Program in Asia Pacific.

The startups, selected from over 450 applicants, hail from India, Mainland China, Thailand, Singapore, and Germany.

They will work on solutions involving Web 3.0, global money movement, embedded finance, merchant and small business enablers, and open banking solutions.

The startups selected for the 2023 cohort are Dowsure (Mainland China), Doxa Holdings (Singapore), Kadmos (Germany), Pi-xcels (Singapore), Playbux (Thailand), Transpure (India), and Twid (India).

Over a six-month period, these startups will collaborate with Visa’s payment experts, business development teams, and customers to co-develop, test, and iterate their solutions.

Kunal Chatterjee, Head of Innovation, Asia Pacific, Visa, said the Visa Accelerator Program offers selected startups a path to rapid commercialisation. The program has resulted in multiple commercial partnerships, joint IP creation, and new product developments with Visa and its clients in Asia Pacific.

The startups chosen for the 2023 program will be working on a range of innovative solutions.

Dowsure will provide digital financing experiences for cross-border merchants, while Doxa Holdings offers a collaborative trade platform that automates procure-to-pay and financing workflows.

Kadmos aims to create an end-to-end salary payments platform for migrant workers, while Pi-xcels aims to digitise paper receipts instantly, providing offline retailers with real-time actionable shopper data.

Meanwhile, Playbux will provide a fully integrated Web 3.0 community platform with commerce activities, blockchain technology, NFTs, and virtual communities.

Transpure will offer technology to build seamless and cost-effective solutions for cross-border payments and remittances. Lastly, Twid aims to create a rewards-based payment network that consolidates various issuers’ rewards points systems for use across merchants.

Visa’s partnership with Plug and Play, a successful global innovation platform, will bring expertise to identify, attract, and accelerate startups who want to solve industry challenges and scale new technologies. –

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