# Visa invites Asia Pacific’s top startups to shape the future of payments – Thailand PR News

- Link: https://www.thailand-business-news.com/thailand-prnews/visa-invites-asia-pacifics-top-startups-to-shape-the-future-of-payments-thailand-pr-news
- Published: 2022-11-15T18:56:01+07:00
- Author: Thailand PR News

Visa is today
announcing an open call for startups across Asia Pacific to apply 
for the VisaAccelerator Program 2023. Now in its third year, the Visa Accelerator
Program selectsa small group of startups to collaborate on some of the most pressingchallenges
in the payments industry. The 2023 program will focus on developingsolutions in 
thefollowing areas: Web 3.0, global money movement, embeddedfinance, merchant and
small business enablers, and open bankingsolutions.

The Visa Accelerator Program was launched in 2019
and has since enabled the growth
of some of Asia Pacific’s most prominentstartups. The five startups from the 2022
cohort presented theirproof-of-concepts at the Visa Accelerator Spotlight event,
after working withVisa product andbusiness development teams to bring their concepts
to life and expand theirbusinesses 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 agreementswith selected startups, emphasising the value that startups
can bring to thelarger payments industry.

Chris Clark, President, Asia Pacific, Visa said,
“It is exciting to see great products
co-developed by the successful startupsfrom the previous cohorts, who have also 
become our valued partners. Expectations are high as we recruit for the thirdcohort,
because we want to continue bringing the best startups across theregion into Visa’s
payments network. We’re looking forward to seeing applications from allaround Asia
Pacific for the 2023 Accelerator Program.”  

To tap into the best of the Asia Pacific startup
community, Visa is partnering with
Plug & Play, one of the world’s mostsuccessful global innovation platforms.  Plug&
Play will be a key strategic partner and will curate access to emerging fintech-
focusedstartups for the Visa Accelerator Program 2023. Plug & Play will bring theirexpertise
as a highly successful investor and their experience working withother major corporate
accelerator programs, to identify, attract and acceleratestartups who want to solve
industry challenges and scale new technologies.

Jupe Tan, Managing Partner of Plug &
Play APAC said, “We are delighted to be working
on the Visa AcceleratorProgram. Our goal is to provide a line-of-sight into the 
most innovativefintech startups that are shaping the financial services industry
across AsiaPacific, as well as enable successful proof-of-conceptengagements between
thefinalised startups and Visa.”

Clark added, “Our partnership with
Plug & Play will connect Visa with like-minded
fintechs that share ourcommon goal to build new digital commerce experiences together.
From exploringthe potential of new developments like Web 3.0 and embedded finance,
to makingit easier for businesses to move money around the world, there are so manyopportunities
for startups to work with Visa and our network of bank andmerchant partners.”

Join
the program

Applications for the Visa Accelerator Program 2023 are
now open and will close 10
January 2023. The program is the right fit for startups that are at SeriesA and 
above, have a long-term commitment to Asia Pacific growth and existingoperations
in the region, and have a market-validated, proven solution. Thesix-month program
will allow selected startups to work together with Visa’s payment experts, productarchitects
and business development teams to rapidly co-develop, test, anditerate solutions,
while pursuing tangible go-to-market opportunities withVisa’s extensive network 
of financial institutions, merchants and digitalpartners. For moreinformation, including
how to apply, visit: [https://www.visa.com.sg/apaccelerator](https://href.li/?https://www.visa.com.sg/apaccelerator)

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