Volopay, a Y combinator backed corporate cards and payable management company has partnered with Visa’s Fintech Fast Track Program. The program was founded by Visa in order to support innovative financial services and solutions. It will allow Volopay to start issuing their own Visa cards to their clients businesses in the APAC region.
Rajith Shaji, CEO and Co-founder of Volopay, said, “The partnership with Visa’s Fintech Fast Track Program gives us an edge that we haven’t had before. The ability to issue our own cards sets us apart from other fintech providers who are merely distributing cards. This way, we will have full control over the product we provide to our clients.”
“Our intention is to keep moving up the value chain, and the Visa program allows us to do that. There are multiple markets that allow non-banks to issue cards. With our own card, we are able to create a rounded financial stack to offer our customers. It is an unparalleled mark of credibility,” Rohit Bhageria, Founding Member, Volopay said.
Volopay in a statement said, “The switch from being a card distributor to an issuer allows the company to graduate upwards, with regard to the quality and range of services it offers. This licence is one the company intends to use in as many APAC markets as possible, giving Volopay the chance to own their entire product stack from top to bottom.”