Visa Accelerator Program 2024 ignites new wave of innovation in Asia Pacific startups
Visa, a world leader in digital payments, has officially announced an open call for startups to be part of the Visa Accelerator Program 2024. This six-month program aims to bolster participating startups across the Asia Pacific region, providing a platform to unlock growth potential and commercialization opportunities. By intensifying outreach to startups, Visa reinforces its commitment to supporting fledgling businesses in the region.
Guided by Visa, startups from previous cohorts have successfully clinched commercial deals with esteemed regional clients and partners. The program offers seasoned mentors, state-of-the-art technology, and access to investment prospects. In May 2023, seven startups were selected for the 2023 cohort.
The Visa Accelerator Program 2024 focuses on Building the Future of Commerce with Visa and pursues five potential areas: Artificial Intelligence/Generative AI, Embedded Finance, Global Money Movement, Digital Acceptance for Micro, Small and Medium-Sized Businesses (MSMBs), and the Loyalty of the Future.
Jeff Navarro, Visa Country Manager for the Philippines, said, Visa sees enormous opportunities and growth potential for innovations in payments. The Visa Accelerator Program solves real-world challenges which is beneficial to consumers, businesses, and the overall payments industry. By joining this program, startups around the region get the chance to work with Visa’s experts for up to six months to bring their Proof-of-Concept to life. I’m very excited to see what the shortlisted startups will bring.
Selected startups will benefit from rapid solutioning and testing with Visa’s support, equity-free funding of up to US$50,000, access to Visa’s global network, tailored partnerships, exclusive mentoring, and recognition on the global stage as an elite startup.
The Visa Accelerator Program for 2024 is open to growth-stage startups with a commitment to long-term growth in the Asia Pacific region, existing operations within the region, and a market-validated, proven solution. The application period starts from January 8 to March 8, 2024, with selected applicants to be notified in April 2024. POC development will take place from May to October this year, culminating in a Demo Day in November 2024.
Visa’s initiative aims to foster innovation, collaboration, and the growth of startups in the digital payments space. For more details and updates, visit the program’s official website at https://www.visa.com.sg/apaccelerator.
The Visa Accelerator Program 2024 holds great promise in igniting a new wave of innovation in Asia Pacific startups, providing them with invaluable support, resources, and opportunities to thrive in the ever-evolving digital payments landscape. Visa’s commitment to fostering growth and collaboration bodes well for the future of commerce in the region and beyond.
