Visa Everywhere Initiative (VEI) is a global open innovation program challenging fintech startups to solve current payment and commerce issues. Since 2015, over 15,000 startups from 100+ countries have collectively secured OMR18.4B ($48B USD) in funding through VEI.
This year, Oman finalists will compete in Saudi Arabia, Oman, and Bahrain edition of VEI. Finalists include innovative startups like LazyWait, MoneyLoop, HAL Capital, Mamun, Flooss, Cnpsecure, and Ryalize. Winners from each country will receive OMR15,000 ($40,000 USD).
The program also offers an Impact Prize of OMR3,800 ($10,000 USD) to solutions with positive social impact. Winners gain exposure to Visa’s network and global recognition. The Oman winner will advance to CEMEA and potentially the global finale.
VEI aims to support fintech growth and innovation, driving inclusive growth and financial services access. The program has seen significant success and growth globally. For more information, visit Visa Everywhere Initiative.