• Visa Everywhere Initiative

    Cultivating new relationships with the global startup community to create the next big thing in commerce. Submission period extended until July 7, 2019.

    Terms and conditions

Visa Everywhere Initiative

Visa Everywhere Initiative is a global innovation program that tasks start-ups to solve payment challenges of tomorrow, further enhance their own product propositions and provide visionary solutions for Visa's vast network of partners.

The 2019 edition of Visa Everywhere Initiative is a challenge-based program looking to discover and empower global growth-stage startups with presence in Latin America and the Caribbean with the capacity to disrupt financial services and accelerate commercial engagements with Visa and its clients through Pilot programs and POCs.

Three challenges will be issued and will focus on solving three distinct business problems. In the end, 12 finalists will be invited to a five-week blended program (remote and on-site) designed to fast track collaboration with Visa and pitch their solutions live in front of Visa leaders and clients at the finals event during the 2019 edition of FINNOSUMMIT on December 3rd and 4th in Miami.

Challenge 1: Expand Digital Payments Access and Acceptance

The majority (~80%+) of payments in LAC are still done in cash, which has a negative impact on financial inclusion, cost (i.e., managing cash is expensive), and security, among other things. Visa is looking to drive and accelerate the acceptance of digital payments across the LAC region with a particular focus on long-tail merchants (i.e., small merchants/Mom n’ Pops). Essentially, Visa is looking for companies that can help merchants (online or offline) accept digital payments. The more establishments accept Visa, the better for the ecosystem – merchants and consumers.For this challenge, we are looking for companies in the following segments:

  • Merchant Services & Tools
  • Payment Gateways
  • SMB Aggregators/Solutions, etc

Apply now

Challenge 2: Increase Visa’s Share (payment volume and number of cardholders) in the Affluent Segment

The Affluent segment is of critical importance to Visa given their above-average purchasing power and broad category spend (e.g., online, travel, etc.). Visa is looking to continuously provide a richer value proposition coupled with unrivaled safety and security. As such, Visa is looking for companies that can provide its Affluent cardholders, or Visa’s Affluent product suite, with unique benefits, capabilities, and solutions that will resonate strongly with the Affluent segment. All, while ensuring an extraordinary Visa-brand/product experience.For this challenge, we are looking for companies in the following segments:

  • Loyalty
  • Travel/Leisure
  • Luxury Retail
  • Concierge Platforms
  • Personal Finance/Wealth Management
  • AI/ML
  • APIs/Open Platforms, etc

Apply now

Challenge 3: Drive Secure Digital Commerce

Digital commerce (e.g., e-commerce) continues to grow at double-digits across LAC. As such, Visa continuously looks for ways to ensure the security of those transactions while creating a seamless payments experience for Visa cardholders. This challenge focuses on identifying companies that can provide Visa with solutions that help it improve authorization rates, reduce domestic and cross-border fraud, improve the online payments experience, reduce shopping cart abandonment, etc.For this challenge, we are looking for companies in the following segments:

  • Authentication
  • Fraud & Security
  • Data/Analytics
  • Merchant Services & Tools, etc.

Apply now

Program Phases

Timeline

Prize

12 finalists will participate in a Multi-week, blended immersion program (remote and presencial) designed to fast track collaboration with Visa, including pilot design and pilot plan workshops, culminating in Pilot Demo in front of Visa leaders and clients at the finals event during the 2019 edition of FINNOSUMMIT on December 3rd and 4th in Miami.

The most innovative Fintech startup in Latin America will be selected at the final, winning a $50,000 award, as well as the opportunity to collaborate with Visa on the future of payments, receive mentoring by Visa subject matter experts, gain exposure to venture capitalists and Visa’s ecosystem of partners. 


Interested startups can apply until June 30th 2019 at the Visa Everywhere Initiative website.

Apply now

If you are you ready to transform the financial services’ industry in Latin America and the Caribbean, don’t miss the opportunity to attend our on of the 6 Visa Everywhere Initiative Office Hours that will be held in Mexico City, Bogota, Lima, Sao Paulo, Buenos Aires and Santiago, where you will meet Visa & Finnovista teams in one to one meetings, learn all the details about the program and receive valuable feedback on your project. Click here to attend the Office Hours and, if you are one of the selected startups, you will receive confirmation of your meeting and be one step closer to being part of the VEI family. Click here to learn more about the Office Hours. 


Ciudad de Mexico

May 23rd-24th


Bogotá

May 28th-29th


Lima

May 31st


Sao Paulo

June 3rd


Buenos Aires

June 5th


Santiago

June 6th

Collaborative Innovation Workshop

24 selected startups will participate in one of the four Private Workshops where they will engage with Visa and local ecosystem partners. Private workshops will be held in Mexico City, Sao Paulo, Bogota and Buenos Aires.

Buen Trip

Cámara Argentina de Fintech

Colombia Fintech

Connect Bogota Region

Asociación Fintech Perú

Fintechile

Start-up Chile

A3

Angel Ventures

Carao Ventures

Endeavor

Village Capital


AB Startups

Past edition

We invite you to discover more about Visa Everywhere Initiative by watching this short video highlighting the best moments from 2018.

Global Testimonials - Visa Everywhere Initiative

Visa Everywhere Initiative Program Overview

logo-visa-800x450-suporte

Visa Inc. is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead with prepaid or pay later with credit products. For more information, visit usa.visa.com/about-visa, visacorporate.tumblr.com, and @VisaNews.

In association with

Finnovista - Logo

Finnovista is an impact organization that empowers Fintech and Insurtech ecosystems in Latin America and Spain through a collaborative platform that encompasses acceleration and scale up programs, events, research projects, competitions and other collaborative innovation projects with industry corporates.

At Finnovista we build bridges between industry corporates and Fintech & Insurtech startups with the vision of transforming finance and insurance through entrepreneurship, technology and innovation.

Finnovista also invests, accelerates and helps scale up Fintech & Insurtech startups in Latin America and Spain, through our Startupbootcamp programs and with the collaboration of leading financial, insurance and leading corporates in the region.

Finnovista has offices in Madrid, Spain and Mexico City, Mexico.

Finnovista is part of the Rainmaking Group, a global leader in corporate innovation and venture development with a presence in more than 8 countries and 4 continents. Rainmaking specializes in making innovation a predictable engine of growth.

If you have any doubts don't hesitate to contact us at vei@finnovista.com