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Klarpay AG, a deposit-taking financial institution licensed by the Swiss Financial Markets Authority (FINMA), is currently a key member of the Visa Network.
Klarpay announced development in a press statement on Wednesday.
Financial institutions that are key members of the Visa Network are typically large financial institutions with experience in risk underwriting, credit management, customer billing, and payment collection.
In addition, principal member companies can take advantage of features such as card issuance, cash payments, merchant acquisition, and retention of settlement risk.
Klarpay’s Principal Membership status gives you access to the global payment giant’s cross-bank business transaction network.
It will also enable Swiss fintech companies to support direct card issuance.
Klarpay said in a statement that its membership demonstrates its commitment to providing first-class service to its growing client base.
“Direct membership in the Visa network provides Klarpay’s merchant clients with a fast, simple and integrated way to manage their funds and conduct day-to-day cross-border transactions,” Klarpay said in a statement. explained.
According to Klarpay, Visa Principal Membership is an addition to FinTech’s Level 1 Payment Card Industry Data Security Standard (PCI DSS) certification.
PCI DSS is a set of compliance standards aimed at ensuring that any company that processes, stores, or sends credit card information can maintain a secure environment.
Klarpay said Level 1 PCI DSS helps maintain the quality, transparency, and strength of payment security systems.
Martynas Bieliauskas, CEO of Klarpay, said that acquiring Visa’s principal membership has been Klarplay’s primary goal since its launch three years ago.
In addition, Bieliauskas said the membership will enable the company to absorb the growing demand for smooth, scalable and accessible payments, banks and digital payment solutions.
“As FINMA’s first company to license FinTech in Switzerland and work exclusively with e-commerce merchants, digital entrepreneurs and social media influential people, Klarpay accepts global and scalable payments. We aim to empower our online businesses through remittance solutions, “Bieliauskas explained.
Santosh Ritter, Country Manager for Visa Switzerland & Liechtenstein, believes that Klarpay’s Visa Principal Membership will enable us to offer the first inter-company connectivity solution in Central Europe.
As part of our FinTech commitment, we will provide Klarpay with access to the Visa network around the world, further enhancing our digital business and innovative customer experience, said Ritter.
Klarpay AG, a deposit-taking financial institution licensed by the Swiss Financial Markets Authority (FINMA), is currently a key member of the Visa Network.
Klarpay announced development in a press statement on Wednesday.
Financial institutions that are key members of the Visa Network are typically large financial institutions with experience in risk underwriting, credit management, customer billing, and payment collection.
In addition, principal member companies can take advantage of features such as card issuance, cash payments, merchant acquisition, and retention of settlement risk.
Klarpay’s Principal Membership status gives you access to the global payment giant’s cross-bank business transaction network.
It will also enable Swiss fintech companies to support direct card issuance.
Klarpay said in a statement that its membership demonstrates its commitment to providing first-class service to its growing client base.
“Direct membership in the Visa network provides Klarpay’s merchant clients with a fast, simple and integrated way to manage their funds and conduct day-to-day cross-border transactions,” Klarpay said in a statement. explained.
According to Klarpay, Visa Principal Membership is an addition to FinTech’s Level 1 Payment Card Industry Data Security Standard (PCI DSS) certification.
PCI DSS is a set of compliance standards aimed at ensuring that any company that processes, stores, or sends credit card information can maintain a secure environment.
Klarpay said Level 1 PCI DSS helps maintain the quality, transparency, and strength of payment security systems.
Martynas Bieliauskas, CEO of Klarpay, said that acquiring Visa’s principal membership has been Klarplay’s primary goal since its launch three years ago.
In addition, Bieliauskas said the membership will enable the company to absorb the growing demand for smooth, scalable and accessible payments, banks and digital payment solutions.
“As FINMA’s first company to license FinTech in Switzerland and work exclusively with e-commerce merchants, digital entrepreneurs and social media influential people, Klarpay accepts global and scalable payments. We aim to empower our online businesses through remittance solutions, “Bieliauskas explained.
Santosh Ritter, Country Manager for Visa Switzerland & Liechtenstein, believes that Klarpay’s Visa Principal Membership will enable us to offer the first inter-company connectivity solution in Central Europe.
As part of our FinTech commitment, we will provide Klarpay with access to the Visa network around the world, further enhancing our digital business and innovative customer experience, said Ritter.
