By diving into this space, you can open up your portfolio to new payment players looking to innovate for their customers.
A BIN sponsor has the opportunity to:
Become a go-to partner for fintechs beyond just BIN. This can open the door to other solutions in your portfolio.
Get access to framework and resources from Visa on your risk management, policies, business model and more.
Generate a low cost source of income through sponsorship of fintechs.
By offering its BINs to other institutions and supporting their connections to Visa‘s network, a BIN sponsor takes responsibility for, among other things:
Risk management and ecosystem due diligence
Compliance with local regulations and network rules, including AML and KYC frameworks
Settlement and reconciliation for program stakeholders