Pana joins the Visa FinTech Fast Track program

Latino-focused neobank Pana has joined Visa’s FinTech Fast Track program as part of its integration with the card payments giant that will increase Pana’s reach, capabilities and security through the VisaNet global payments network , according to a press on Tuesday, February 22. Release.

Joining Pana’s Fast Track program will enable the company to “address key banking and money management challenges faced by millions of Hispanics in the United States,” the statement said.

“Within the Hispanic community, banking is a group affair – it is experienced through a common approach to spending and family sharing,” Pana CEO and co-founder Piero Núñez-del Risco said in the statement. . “That’s why we’re building an easy-to-open digital bank account through which users with common needs can log in and perform basic banking transactions currently beyond their reach.”

Piero, a former head of Scotiabank’s digital factory in the Caribbean and Central America, will lead the team working with Visa’s FinTech Fast Track program along with Pana’s chief technology officer and co-founder Luis Peña, says the communicated.

Visa’s FinTech Fast Track program gives startups access to Visa’s network of partners and a team of experts to move their business forward “in the most efficient way possible,” according to the statement.

“By joining Visa’s Fast Track program, exciting FinTechs like Pana gain unprecedented access to Visa’s experts, technology and resources,” said Terry Angelos, Visa Senior Vice President and Global Head of FinTech, in the press release. “Fast Track enables us to provide new resources that fast-growing companies need to scale effectively.”

In January, Zebec, the first continuous and programmable cash flow protocol on the Solana blockchain, announced that it had joined the Visa FinTech Fast Track program, making it the first Solana project admitted to the program.

Read more: Zebec Cash Flow Protocol Joins Visa Program



On: Forty-two percent of US consumers are more likely to open accounts with financial institutions that facilitate automatic sharing of their bank details upon sign-up. The PYMNTS study Account opening and loan management in the digital environmentsurveyed 2,300 consumers to explore how FIs can leverage open banking to engage customers and create a better account opening experience.

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