- The Visa Ready Program enables partners to build and launch payment solutions that meet Visa’s global network standards.
- The partnership will enable Modulr to accelerate its growth through access to Visa’s global network and expertise.
- By collaborating further with Visa, Modulr provides payment services to small businesses in the UK and EU.
London: Modulr, a Payments-as-a-Service API platform for digital businesses, today announced that it has secured Visa Ready certification, which supports clients in choosing best of breed payment solutions that meet Visa’s global standards. Securing this status validates Modulr’s position as a leading provider of Visa products.
Through this extended collaboration with Visa, the world leader in digital payments, Modulr is helping businesses automate payment flows, embed payments within their proposition and launch entirely new features and services.
As lockdown restrictions ease, it is vital that SMEs recover quickly and take every advantage offered by the digital economy. Research from Modulr highlighted the pressure SMEs face in curbing the rising cost of payment services on the one hand and meeting rising customer expectation of payment experiences on the other.
Achieving Visa Ready status certifies the Modulr infrastructure and gives customers peace of mind they’re using the highest technological standard of Visa payment solutions.
Jill Docherty, Head of Business Development, UK&I at Visa comments: “We’re delighted to be part of Modulr’s continued growth and proud they have achieved Visa Ready certification. Small businesses continue to be some of the hardest hit by the pandemic and together with Modulr, we’re committed to supporting them as they build for recovery. Through this extended partnership more businesses will be able to access the crucial tools and resources they need to benefit from the digital economy.”
Myles Stephenson, Chief Executive at Modulr comments: “Securing Visa Ready certification is a critical step in achieving our goal of striving for greater innovation and payment improvements across the industry for every size of business. Working with Visa, our mission is to further expand our platform in the coming months so every UK and EU business can easily and efficiently benefit from the power of embedded payments.”
Read more about Modulr’s services here, or achieving Visa Ready Certification here.