Visa & Mintoak: Integrated Payments for Asia Pacific
By Sivam
Visa partners with Mintoak to launch a cloud-native platform in Asia Pacific, integrating payments with business tools for acquirers, enhancing merchant services and revenue.
Visa and Mintoak Partner for Asia Pacific Payments
Visa has partnered with Mintoak to significantly enhance offerings for Asia Pacific acquirers, moving beyond basic payment acceptance. This collaboration introduces a cloud-native, API-led digital platform.
The new platform integrates in-store and online payments with crucial business tools, aiming to boost merchant activation and create new revenue streams.
Key Features of the Collaboration
- Visa contributes its extensive payments network, data, and advisory expertise.
- Mintoak supplies its advanced platform, centralizing payment management and business insights.
- The platform offers reporting, data insights, merchant engagement functionalities, and integrated banking services.
- It can seamlessly integrate with existing acquirer systems, allowing banks and financial institutions to maintain control over merchant relationships.
Strategic Impact for SMEs
This initiative directly supports Visa’s broader goal of expanding card and digital payment acceptance among underserved Small and Medium-sized Enterprises (SMEs) in the Asia Pacific region.
The partnership aims to streamline onboarding processes, reduce operational costs for acquirers, and address evolving merchant expectations and margin pressures effectively.