Visa, a global leader in digital payments, has unveiled its selections for the 2024 Visa Accelerator Program in the Asia Pacific region. The program aims to tackle generative AI, embedded finance solutions, and more. The five selected startups are from Bangladesh, Hong Kong SAR, Singapore, the United States, and Vietnam. Let’s explore the details of the program and the startups in question.
The 2024 Visa Accelerator Program: Meet the Chosen Startups
The five startups that stood out from over 300 applicants hail from all corners of the globe. They are iFarmer from Bangladesh, iPiD from Singapore, On-us from Hong Kong SAR, Opplane from the United States, and Quqo from Vietnam. Their varied solutions aim to tackle everything from agricultural tech and data-driven finance to payment data orchestration, incentive ecosystems, AI platforms, and B2B digital marketplaces. Each startup will collaborate with Visa’s team of experts to drive tangible outcomes and create innovative, scalable products.
Visa’s Commitment to Innovation and Collaboration
Visa is committed to building the commerce of the future. Their Accelerator Program in the Asia Pacific region fosters a dynamic environment for collaboration and co-creation, working closely with promising startups. Over the course of the program, startups will receive custom training, have the opportunity to co-develop new solutions, and ultimately speed up the process of commercializing their unique innovations.
The Impact of Visa’s Accelerator Program on Startups
The Visa Accelerator Program has already had measurable impacts on startups. Notably, one highlight from the 2023 program was the partnership between Visa, Doxa, and United Overseas Bank. This innovative collaboration transformed payment processes for the construction industry, leading to faster access to working capital for contractors and streamlined payment systems. Participating startups also often reach multi-year agreements and integrate Visa products into their own solutions.
In conclusion, Visa’s Accelerator Program for 2024 has begun with promising selections for startups. The program’s focus on innovation, collaboration, and co-creation shows its dedication to forward-thinking. The chosen startups are set to make significant advancements in their respective fields, with a solid support structure from Visa’s resources and network partners. As highlighted by the program’s previous impacts, the startups can expect transformative progress and potential multi-year agreements. This program stands as a testament to Visa’s commitment to shaping the future of digital commerce.
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