Dubai, UAE, 23 March 2022: Visa, the world's leader in digital payments, is calling fintech and payment startups in the UAE to apply to the 2022 Visa Everywhere Initiative (VEI) for an opportunity to showcase their innovative solutions and win prize money. The final date to submit applications to the global pitch competition for startups is 4 April 2022 and the VEI Central and Eastern Europe, Middle East and Africa (CEMEA) regional finale will be held on 8 June 2022.
“For fintechs with solutions to some of today’s commerce challenges, Visa’s Everywhere Initiative is where they need to be. It’s a great platform to gain exposure and have a chance to work with Visa in building solutions that power seamless money movement everywhere. I’m excited about this year’s competition and looking forward to seeing the many innovative solutions from fintechs here in UAE,” said Shahebaz Khan, Visa’s General Manager for UAE, Bahrain and Oman.
This year’s program has expanded to include startups that are using cryptocurrency and Visa Direct, a payment solution that can help businesses move money to billions of endpoints worldwide via card and account rails, in innovative ways.
The CEMEA regional winners will be awarded monetary prizes up to $45,000 and will move forward to the global finals where they will compete alongside some of the most prestigious startups in the world and, more importantly, receive global exposure and support from a trusted brand like Visa. Taking place in Qatar this November 2022, the startups progressing to the global finals will also have the chance to win up to $170,000 in total prize money.
More information and application details are available here.