Soon-to-launch Zenus Bank will utilize Visa’s scale and global acceptance to issue debit cards for its clients.
Zenus Bank, the American digital bank is announcing it is the first International Financial Entity to become a Principal Member of Visa, the world’s leader in digital payments.
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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.
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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.”
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