{"id":4198,"date":"2019-05-27T16:30:01","date_gmt":"2019-05-27T16:30:01","guid":{"rendered":"https:\/\/www.finnovista.com\/?p=29006"},"modified":"2020-05-20T00:32:06","modified_gmt":"2020-05-20T00:32:06","slug":"visa-invites-startups-to-revolutionize-digital-commerce-in-latin-america-and-the-caribbean","status":"publish","type":"post","link":"https:\/\/www.finnosummit.com\/en\/visa-invites-startups-to-revolutionize-digital-commerce-in-latin-america-and-the-caribbean\/","title":{"rendered":"Visa Invites Startups to Revolutionize Digital Commerce in Latin America and the Caribbean"},"content":{"rendered":"\n

Visa announces the two finalist startups of the first Visa Everywhere Initiative: Women\u2019s Global Edition, DinDin from Brazil and Mujeres del Pac\u00edfico from Chile. This announcement comes at the same time that the Latin American edition of this program starts its Office Hours tour through the region to meet the best growth Fintech startups. <\/strong><\/p>\n

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Visa is looking for growth-stage startups with presence in Latin America and the Caribbean (LAC) to participate in the <\/span>third regional edition of Visa Everywhere Initiative<\/b>, one of the most dynamic, collaborative and global innovation programs that tasks start-ups to solve commerce challenges of tomorrow. After two successful years, the 2019 edition brings a more practical approach focused on finding <\/span>innovative startups in growth-stage capable of disrupting financial services<\/b>. The start-ups are asked to solve for three real-life business challenges in the payments acceptance, affluent and digital commerce spaces. This year, the program adds new features such as proof of \u00a0concepts (PoC) to help accelerate the market launch of best-in-class visionary solutions.<\/span><\/p>\n

\u201cAs the number of Latin American Fintech startups continues to increase and attract regional and international venture capital funding, we believe that we are nearing an inflection point whereby some of these startups are going to significantly rewire the payments and commerce ecosystem in the region. Further, we continue to see the benefits that startups can reap by deepening their level of engagement with companies like Visa. Together, we can accelerate the adoption of digital payments, drive increased digital inclusion, and foster a new wave of commerce \u2013 at scale,\u201d said Arnoldo J. Reyes, VP Digital Partnerships, Fintech & Ventures for Visa Latin America and the Caribbean. \u201cThe program has allowed us to work closely with pioneering startups and we are excited to receive many creative solutions this year to continue transforming the world of payments.\u201d<\/span><\/p>\n

All eligible startups are invited to submit innovative solutions that directly <\/span>solve one of the following business challenges<\/b>:<\/span><\/p>\n

Challenge #1 \u2013 Expand digital payments access and acceptance. <\/b><\/p>\n

As Visa looks to expand digital acceptance across the LAC region, where the majority of payments are still done in cash, how can startups help merchants both online and offline accept digital payments with a particular focus on medium, small and micro merchants?<\/span><\/p>\n

Challenge #2 \u2013 Increase Visa\u2019s share in the affluent segment<\/b><\/p>\n

In an effort to provide a richer value proposition to this segment, how can startups provide Visa\u2019s affluent cardholders, or its affluent product suite, with unique benefits, capabilities, and solutions that will resonate strongly with this customer segment?<\/span><\/p>\n

Challenge #3 \u2013 Drive secure digital commerce<\/b><\/p>\n

As digital commerce continues to grow at double-digits across LAC, how can start-ups provide a greater level of security of those transactions and provide solutions that can help improve authorization rates, reduce domestic and cross-border fraud, and improve the online payments experience?<\/span><\/p>\n

Every Fintech startup that wants to participate may be able to get more information on the program by applying for a meeting in one of the Office Hours that will be taking place in the coming days and in the following cities: \u00a0<\/span><\/p>\n