News

Global Processing Services secures strategic investment from Visa

Monday 19 October 2020 13:53 CET | News

Global Processing Services (GPS), a UK-based payments issuer processor, has secured a strategic investment from Visa.

The new funding is expected to boost the company’s global expansion after the launch of new fintechs and digital banks in Europe and South-East Asia.

According to ibisintelligence.com, the company had previously expanded into the APAC region in 2019 and delivered programmes with Australian neobank Xinja and Hong Kong-based WeLab Bank.

Moreover, as a preferred issuer processor for Visa’s APAC Fintech Fastrack programme, GPS has worked closely with Visa to prepare for the 2021 Tokyo Summer Olympics. 

Post-funding, GPS aims to expand beyond the European and APAC regions as one of Visa’s preferred processors.


More: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Global Processing Services, Visa, investment, Europe, APAC, Asia Pacific, payments issuer processor, payments
Categories: Banking & Fintech | Payments General
Countries: World
This article is part of category

Banking & Fintech