Digibank Solution Provider Meniga Partners Visa to Accelerate Its APAC Expansionby Fintech News Singapore March 31, 2021
Digital banking solution provider Meniga has announced a new partnership with Visa to accelerate its expansion within the Asia Pacific region.
Meninga had recently secured €10 million (S$ 15.78 million) during a strategic investment round led by Velocity Capital Fintech Ventures and Frumtak Ventures.
As part of the agreement, Meniga will join the Visa Ready Programme as a certified fintech enablement partner.
The new Visa Ready certification now means that Meniga’s solutions meet Visa’s global standards around security and functionality, providing further credibility to Meniga’s state-of-the-art digital banking capabilities within the Asia Pacific markets.
Meniga will also be listed on the Visa Partner Portal, to help facilitate more opportunities in the region.
In July 2019, Meniga entered the Southeast Asian market and opened a new office in Singapore after its solution was used to power UOB’s Thailand-based digital bank named TMRW.
Georg Ludviksson, CEO and Co-Founder of Meniga said,
“We are delighted to have been granted this certification, and that Visa has recognised the reliability and credibility of our solutions. This marks an important step in our plans to accelerate our expansion within the APAC region, where we see a substantial growth opportunity, with the regional fintech ecosystem currently booming.
The Visa Ready Programme will help facilitate a number of partnership opportunities with some of the most innovative financial institutions, fintechs and businesses in the world, and we’re looking forward to further consolidating our presence in the region, and help a greater number of banks supercharge their digital banking offering.”
Featured image: Meniga team