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Press Release

We've secured Visa Ready certification

We've secured our Visa Ready certification, which supports clients in choosing best of breed payment solutions that meet Visa’s global standards. 

Through this extended collaboration with Visa, the world leader in digital payments, and building on our principal issuing membership, we're helping businesses automate payment flows, embed payments within their proposition and launch entirely new features and services. 

As lockdown restrictions ease, it is vital that SMEs recover quickly and take every advantage offered by the digital economy. Research from Modulr highlighted the pressure SMEs face in curbing the rising cost of payment services on the one hand and meeting rising customer expectation of payment experiences on the other. 

Achieving Visa Ready status certifies the Modulr infrastructure means we can give customers peace of mind they’re using the highest technological standard of Visa payment solutions.

Jill Docherty, Head of Business Development, UK&I at Visa comments: “We’re delighted to be part of Modulr’s continued growth and proud they have achieved Visa Ready certification. Small businesses continue to be some of the hardest hit by the pandemic and together with Modulr, we’re committed to supporting them as they build for recovery. Through this extended partnership more businesses will be able to access the crucial tools and resources they need to benefit from the digital economy.”

Myles Stephenson, Chief Executive at Modulr comments: “Securing Visa Ready certification is a critical step in achieving our goal of striving for greater innovation and payment improvements across the industry for every size of business. Working with Visa, our mission is to further expand our platform in the coming months so every UK and EU business can easily and efficiently benefit from the power of embedded payments.”

Read more about Modulr’s services here, or achieving Visa Ready Certification here.  

About Modulr
Modulr has grown to become the leading provider of embedded payments to organisations across the UK and Europe. Embedded payments is a new category that permits payments to become part of organisations’ technology stack, upgrading them to become payments companies themselves. Modulr enables hundreds of enterprise customers and thousands of SME customers to embed account creation, payment out, reconciliation of payment in, card issuing and many open banking and similar features into their own business process flows via API calls and webhooks into Modulr’s cloud platform. Core to Modulr’s success has been the platform itself, Modulr’s regulatory status as an EMI in the UK and Europe, its connections to payments and other financial service schemes, its ability to operate at scale, and its compliance rigour. Today Modulr handles over £100bn of annualised payment volume and its platform handles on average 30 API calls per second.

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