Visa Canada and Plug and Play Collaborate in New Partnership
Visa Canada, a leading payment technology company, has announced a new partnership with Plug and Play, a global innovation platform. This collaboration aims to foster innovation and support startups in the fintech industry in Canada.
Plug and Play is known for its expertise in connecting startups with corporations to drive innovation and growth. With its extensive network of over 30,000 startups and 500 corporate partners, Plug and Play has successfully facilitated numerous partnerships and investments in various industries.
Through this partnership, Visa Canada and Plug and Play will work together to identify and support promising fintech startups in Canada. The collaboration will provide these startups with access to resources, mentorship, and networking opportunities to help them scale their businesses.
One of the key objectives of this partnership is to drive digital transformation in the Canadian financial services industry. With the rapid advancement of technology, consumers are increasingly demanding more convenient and secure payment solutions. By supporting fintech startups, Visa Canada and Plug and Play aim to accelerate the development of innovative payment technologies that meet these evolving consumer needs.
The partnership will also focus on fostering collaboration between startups and established financial institutions. By connecting startups with Visa Canada’s extensive network of financial institutions, the collaboration aims to facilitate partnerships that can drive innovation and create new business opportunities.
In addition to supporting startups, Visa Canada and Plug and Play will also collaborate on research initiatives to gain insights into emerging trends and technologies in the fintech industry. This research will help both organizations stay at the forefront of innovation and better understand the needs of consumers and businesses in Canada.
The partnership between Visa Canada and Plug and Play comes at a time when the fintech industry in Canada is experiencing significant growth. According to a report by EY, Canada’s fintech adoption rate has more than doubled in the past two years, with 50% of digitally active Canadians now using fintech products or services.
By collaborating with Plug and Play, Visa Canada aims to leverage its global expertise and resources to support the growth of the fintech ecosystem in Canada. This partnership will not only benefit startups but also contribute to the overall development of the Canadian economy by driving innovation, creating jobs, and attracting investment.
In conclusion, the partnership between Visa Canada and Plug and Play is an exciting development for the fintech industry in Canada. By providing startups with access to resources and opportunities, this collaboration aims to accelerate the development of innovative payment technologies and drive digital transformation in the financial services sector. With the support of Visa Canada and Plug and Play, Canadian fintech startups have a unique opportunity to thrive and contribute to the growth of the industry.
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