Transforming commerce: Meet the 2024 Visa Everywhere Initiative winners from Qatar and Kuwait

Doha, Qatar: The Visa Everywhere Initiative (VEI) is a global innovation program that sees local fintechs pitch their ideas to solving real commerce c...

Doha, Qatar: The Visa Everywhere Initiative (VEI) is a global innovation program that sees local fintechs pitch their ideas to solving real commerce challenges, further enhance their product propositions and provide innovative payment solutions for Visa’s network of partners and consumers.

This year, the winners from the recent Qatar and Kuwait edition of VEI - the first event of its kind - have shown exceptional innovation, promising to extend the benefits of digital payments to more consumers and businesses in the region.

From Qatar, the spotlight shines on TESS Payments, which provides eCommerce merchant acquiring services across Qatar, supporting banks, PSPs, and merchants. The first-place winner of the inaugural VEI for Qatar and Kuwait – which also picked up the Social Impact Award - will go on to compete at a virtual Central and Eastern Europe, Middle East, and Africa (CEMEA) competition on July 23.

TESS Payments’ vision is to integrate financial services seamlessly into the daily lives of SMEs and micro-businesses, empowering them to thrive in the digital economy.

The Qatar-based fintech is working to transform merchant payments with a single API that combines multiple payment products.