Payment solutions provider Bankable has formed a strategic alliance to provide Visa’s US clients with access to real-time and modular banking solutions.
As part of this move, Bankable is opening an office in New York.
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It currently has offices in London, Brussels and Dubai.
The strategic partnership between Bankable and Visa was first announced in April 2019.
Bankable intends to deploy digital banking and faster payment solutions to Visa’s US clients.
The new office will enable the company to bolster its strategic initiatives across corporations, banks and fintechs headquartered in the US.
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By GlobalDataIts London and Dubai operations will be carried out by the New York team.
The firm has plans to hire people in its New York office in the next few months.
Bankable founder and CEO Eric Mouilleron said: “Our strategic partnership with Visa represents a great opportunity to further accelerate digital payments innovation in the region. Our commercial team will initially focus on B2B payments.
“As we already serve American clients, we see huge opportunities to digitally transform corporates headquartered in the U.S. as well as leading regional, community and selected global banks organized to support fintechs.
“We anticipate more than 50% of our revenues to come from the U.S. by 2024.”
Visa fintech SVP and global head Terry Angelos said: “The financial ecosystem is evolving at a rapid pace, and Bankable’s model helps financial institutions, corporates and fintechs be increasingly nimble to remain competitive.
“Building on what we’ve done with Bankable in other regions, including CEMEA and Europe, we’re excited to now extend the partnership into the US.”
