Zenus Bank becomes Visa Principal Member

Zenus Bank becomes Visa Principal Member

Soon-to-launch Zenus Bank will utilize Visa’s scale and global acceptance to issue debit cards for its clients.

June 30th, 2020

Zenus Bank, the American digital bank is announcing today it is the first International Financial Entity to become a Principal Member of Visa, the world’s leader in digital payments.

Zenus Bank makes it easy and safe for clients to access, send, receive and store money in the USA from anywhere globally. By leveraging Visa’s brand, scale and global acceptance footprint, Zenus will bring a robust and innovative value proposition.

Under the agreement, Zenus will exclusively issue Visa-branded debit cards. Visa enjoys unsurpassed acceptance worldwide. In addition, Visa/PLUS is one of the largest global ATM networks, offering cash access in local currency in 200+ countries.

Zenus Bank, set to open later in 2020, will operate a full reserve business model without lending or credit activities offering an international alternative to local banks.

Zenus is taking the digital bank model to the next level by providing a cross-platform digital experience supported by state-of-the-art technologies in front-end, back-end and leveraging artificial intelligence and machine learning to deliver intelligent digital user experiences.

“Our mission is to give people in emerging economies an alternative to local traditional banks by offering a transparent, digital banking experience on par with leading global banks.” said Mushegh Tovmasyan, Chairman & Founder, Zenus Bank.

“This great partnership with Visa – the world’s leader in digital payments will further enable us to become the competitive edge for our customers.”

Luis Guerra, Country Manager Visa said: “Payments technology is continuously evolving the way consumers and merchants interact and banks must adapt quickly their infrastructure and business model to succeed.

“The collaboration with Zenus is one of the latest examples of Visa’s efforts to help clients enable individuals and small businesses with state-of-the-art digital payments capabilities in a world that is moving at a faster speed to adopt secure, frictionless and convenient consumption experiences”

Visa is working with financial institutions and technology partners to grant access to its vast set of APIs and to fraud prevention tools such as Visa Risk Manager, Visa Advanced Authorization and Visa Strategy Manager so they can offer a superior purchase experience in both card-present and card not present environments.

As a Visa Principal Member Zenus Bank will offer clients digital and physical debit cards.

Under the agreement, Zenus will exclusively issue Visa-branded debit cards. Visa enjoys unsurpassed acceptance worldwide. In addition, Visa/PLUS is one of the largest global ATM networks, offering cash access in local currency in 200+ countries.

The Visa and Zenus Bank partnership builds on Visa’s long-term commitment to fintechs. Together, the two companies will focus on enhancing the new digital bank’s capabilities through solutions including, Visa Direct, Visa’s real-time payments platform and business-to-business payments solutions for small and medium businesses and global enterprises.

ABOUT ZENUS BANK

Zenus is an independent, American digital bank, using award winning technology to provide customers globally easy, intuitive, secure and competitive ways to get more from their money. Zenus aims to give those doing business in emerging economies an alternative to using local traditional banks by offering a new, transparent, digital banking experience on par with leading banks of the world. Zenus Bank will not open any account or process any transactions from countries which have been sanctioned by the United States Department of the Treasury, Office of Foreign Assets Control ‘OFAC’. Zenus welcomes interested customers to sign up to their waitlist to secure a spot on the queue and participate in promotional campaigns. Find Zenus at www.zenus.com and @ZenusBank via social channels.

ABOUT VISA

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more tVisa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit About Visa, visa.com/blog and @VisaNews. For news about Latin America, visit @VisaNewsLatam.

Trademark Note: Zenus is a trademark of Zenus Bank International, Inc. in the United States and elsewhere internationally. Visa is a registered trademark of Visa International Service Association.

Forward-Looking Statements

This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the current beliefs, expectations and assumptions of the management of Zenus Bank International, Inc. (the Company). In some cases, such forward-looking statements can be identified by terms such as believe, expect, may, will, intend, project, plan, estimate or similar words. Forward-looking statements are subject to a number of risks and uncertainties that could cause the actual results or performance of the Company to differ materially from those described herein, including but not limited to the impact of the global economic environment on the Company’s customer base (particularly financial services firms) potentially impacting our business and financial condition; competition; changes in technology and market requirements; decline in demand for the Company’s products; inability to timely develop and introduce new technologies, products and applications; difficulties or delays in absorbing and integrating acquired operations, products, technologies and personnel; loss of market share; an inability to maintain certain marketing and distribution arrangements; and the effect of newly enacted or modified laws, regulation or standards on the Company and our products. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no obligation to update or revise them, except as required by law.

you might also like

Management Team

Here’s the team behind Zenus bank and their professional backgrounds

Zenus Bank appoints Chief Marketing Officer

London – San Juan, June 9th, 2020 Zenus Bank today announced the appointment of seasoned marketeer John Woods to the newly created role of Chief Marketing Officer (CMO)..

Zenus Bank Implements Fortress Identity

Miami, FL, November 25, 2019 Zenus Bank Implements Fortress Identity Compound Biometrics to streamline onboarding and compliance for its global customers. With the latest in technology and an.