Latino-focused neobank Pana has joined Visa’s FinTech Fast Track program as part of its integration with the card-issuing payments giant that will increase Pana’s reach, capabilities and security through the VisaNet global payment network, according to a Tuesday (Feb. 22) press release.
Pana’s Fast Track program membership will allow the company to “address key pain points millions of Hispanics in the USA have experienced when it comes to banking and money management,” the release stated.
“Among the Hispanic community, banking is a group thing — it is experienced through a communal approach to expenses and family sharing,” said Pana CEO and Co-Founder Piero Núñez-del Risco in the release. “That’s why we are building an easy to open digital bank account through which users with shared needs can connect and perform basic banking transactions currently outside their reach.”
Piero, former head of Scotiabank’s Digital Factory in the Caribbean and Central America, will lead the team working with Visa’s FinTech Fast Track program with Pana Chief Technology…