Finextra reported on Tuesday that Visa Europe has opened an innovation hub in Israel with local partners from Tel Aviv ventures, which reportedly include Terra Venture Capital.
Visa Europe launched its international innovation hub with the goal to identify the most exciting new ideas in payments industry.
Accourding to Finextra Four Israeli companies have already selected the Visa Europe Collab innovation pipeline “and more fresh and exciting concepts are coming through the door every day.” The Israeli companies are Zooz, Prontoly, Payitsimple and MyCheck.
A month ago the credit-card payment processor, which is owned by a consortium of European banks, opened a Visa Europe hub in London.
Finextra quoted Visa Europe Collab’s David Page as saying that local partners in the Tel Aviv venture include Terra Venture Capital.