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Klarpay Becomes New Visa Principal Member
Swiss fintech Klarpay AG has signed a global partnership with Visa on becoming a Principal Member of the Visa network – the membership grants Klarpay the ability to access Visa's bank-to-bank cross-border business transactions network, as well as to support direct card issuance.
The newly acquired Visa certification further demonstrates Klarpay's commitment to delivering first-in-class services to its growing client base. Direct membership in the Visa network offers Klarpay's merchant clients a fast, simple, and integrated way to manage their funds and conduct their day-to-day cross-border transactions.
It is important to note that in order to receive Principal Membership in the Visa Network, Klarpay had to undergo a rigorous application process and pass a multidisciplinary audit conducted by Visa International to ensure that the company meets all applicable operational, and regulatory requirements. Additionally, the Visa Principal Membership comes in addition to Klarpay's existing operational excellence certification that ensures the quality, transparency, and robustness of Klarpay's payment security systems.
As Klarpay CEO Martynas Bieliauskas , underlines:
As Santosh Ritter , Country Manager of Visa Switzerland & Liechtenstein states:
Klarpay AG is a leading fintech company offering online businesses access to multi-currency IBAN accounts, global payment acceptance, and digital disbursement solutions. As the first Swiss-licensed fintech company to work exclusively with e-commerce, digital entrepreneurs, and social media influencers, Klarpay seeks to empower digital businesses through borderless, scalable, bespoke business accounts and payment solutions. Founded in 2019, Klarpay AG is a deposit-taking financial institution authorised and regulated by the Swiss Financial Market Supervisory Authority (FINMA) under the Swiss Federal Banking Act, Article 1b .
Visa is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at www.visaeurope.ch .
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