LISTEN: Visa Path to Access: How the Next-Gen PayFacs Revolution is Ushering in an Era of Equitable Access

PayFacs have come a long way since the first-generation variant appeared in the late 1990s. Initially devised as a way to help businesses easily accept online payments, today the next-generation of payfacs go beyond catering to the needs of larger businesses to offer comprehensive, end-to-end digital payment solutions and services that benefit an array of enterprises and industries of all shapes and sizes.

The common benefit? Today’s PayFacs solutions reduce the complexity of setting up online payments, thus freeing businesses up to focus their finite resources on their core competencies.

With around 250 unique PayFacs operating in the Central and Eastern Europe, Middle East and Africa (CEMEA) region, demonstrating a significant interest in digital channels, there is a tremendous growth opportunity.

In this Path to Access podcast, Michael Berner, Head of Merchant Sales & Acquiring for Visa CEMEA and Ali Abulhasan, CEO and Co-Founder of Tap Payments, discuss the vast PayFacs network and next-gen companies are doing to harness the power of this technology, highlighting the myriad opportunities that exist in CEMEA and the abundance of future innovation.