Domestic payment system granted official Visa Payment Facilitator status

The Finik payment system (Sistema Quickpay LLC) has been granted official Visa Payment Facilitator status. This allows the company to connect businesses to Visa card payments within a single integration and a single agreement. The company informed Akchabar about this development.

Payment Facilitator status means that the company meets the requirements of the international Visa payment system in terms of technological infrastructure and security standards. The provider can act as an intermediary between the acquiring bank and commercial and service enterprises, simplifying the process of connecting Internet acquiring for entrepreneurs.

For businesses, this is an opportunity to accept international Visa card payments through a ready-made payment module, reducing launch times and administrative burdens when connecting.

In the payment services market, Visa Payment Facilitator status is seen as a tool for expanding access to acquiring for small and medium-sized businesses without the need to go through complex procedures directly through international payment systems.

Finik, known under the Quickpay brand, was founded in 2010. It is recognized by the National Bank as a significant payment system in Kyrgyzstan. Finik is a 100% domestic company.