PAYMENTS

Pana to Deliver an Innovative Digital Banking Experience to Hispanic in USA

Pana | February 24, 2022

Pana_to_Deliver
Pana, a Latino-focused neobank, has announced joining Visa’s Fintech Fast Track program. It has joined intending to speed up integrating with Visa, a world leader in digital payments. Pana with Visa can easily leverage the capabilities, reach, and security measures that VisaNet offers. VisaNet is the company’s global payment network, which will further issue Fast Track to Pana to address key pain points of Hispanics in the USA for managing banking services.

“Among the Hispanic community, banking is a group thing — it is experienced through a communal approach to expenses and family sharing,” said Pana’s CEO & co-founder PieroNúñez-del Risco. “That’s why we are building an easy to open digital bank account through which users with shared needs can connect and perform basic banking transactions currently outside their reach.”

Piero, former Head of Scotiabank’s Digital Factory in the Caribbean and Central America, and Luis Peña, leads the team having a proven track record in digital banking and technology.  Furthermore, Visa’s Fintech Fast Track Program will provide Pana with the ability to access Visa’s rising partner network, which will guide in helping them get up and running in the most efficient way possible.

By joining Visa’s Fast Track program, exciting Fintechs like Pana gain unprecedented access to Visa experts, technology, and resources. Fast Track lets us provide new resources that are rapidly growing companies need to scale with efficiency.”

Terry Angelos, SVP and Global Head of Fintech, Visa, 

Spotlight

Financial inclusion can be characterised as a means to an end. By ensuring access for households and small and medium enterprises to safe, essential financial services, financial inclusion is a key facilitator of inclusive economic growth. Not only does financial inclusion promote regional economic objectives, it is also considered as an enabler for 7 of the 17 sustainable development goals defined by the United Nations Department of Economic and Social Affairs.

Spotlight

Financial inclusion can be characterised as a means to an end. By ensuring access for households and small and medium enterprises to safe, essential financial services, financial inclusion is a key facilitator of inclusive economic growth. Not only does financial inclusion promote regional economic objectives, it is also considered as an enabler for 7 of the 17 sustainable development goals defined by the United Nations Department of Economic and Social Affairs.

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