With the launching of the service, Visa said that fintechs can now easily access the right technologies, network and partners to grow their businesses with Visa.

The company has estimated that some $17 trillion in consumer payments are still made with cash or cheques and that there are 1.7 billion people around the world who are still outside of the formal financial sector.

Such a market offers up a huge opportunity for fintech upstarts with new forms of digital payments.

To help such firms and to help keep itself relevant, Visa has launched Visa Partner, a service to simplify the process of working with Visa and to help fintechs more easily leverage its network, resources and tools.

The portal helps with fast digitised licensing as it offers a comprehensive partner directory full of BIN sponsors, issuer processors, PCI, compliance and KYC and AML partners; and contains educational videos that teach the basics of payments and issuing.

On its website, Visa said: “Visa wants to partner with and elevate fintechs doing amazing things around the world to accelerate the growth of fast, secure and reliable digital payments. The Visa Partner portal is our latest way to connect with the companies leading the charge on the future of payments. It simplifies the process of working with Visa and will help fintechs more easily leverage Visa’s network, resources and tools to grow and succeed.”

Terry Angelos, global head, fintech, Visa, said: “Fintechs are constantly innovating on our network and creating new types of payment flows that we think will continue to push the boundaries on better ways to pay, everywhere. Through the launch of Visa Partner, we are making it easier for fintechs to launch with Visa, enabling them to innovate faster and bring new payment flows to market.”