Visa announced the appointment of Cristina Doros as Visa Country Manager for Caucasus Region

Published in Economics
Thursday, 04 July 2019 16:44

Kyiv, Ukraine – July 4, 2019 - Visa today announced the appointment of Cristina Doros as Visa Country Manager for Caucasus region. In her new role, Cristina Doros will focus on growing the electronic payments business in Caucasus region by increasing Visa’s footprint in these markets, and enhancing value it provides to banks, merchants, and cardholders.

We are excited to announce the appointment of Cristina Doros to the position of Country Manager of Caucasus. With proven management and leadership skills, an in-depth knowledge of payments and a strong understanding of the regional business, I am confident that Cristina will lead the business to greater heights reflecting the importance we place on the countries of Caucasus region,” said Vira Platonova, SVP, Group Country Manager for Visa CISSEE.

Cristina Doros brings more than 20 years of experience in retail banking, information technology, innovations, cards and mobile payments. Since 2016, Cristina joined Visa to lead the regional Core Products team, and has been acting Vice-President, head of Solutions, Visa CISSEE since 2019 overseeing Core products (Debit, Credit and Premium), Loyalty platform development, Digital Solutions and Push Payments, all foundational for the proliferation of electronic payments. Remarkable milestones of Cristina’s professional successes include enhancement of Premium benefits, launch of Loyalty program in Ukraine and Belarus, contribution to launching Tap to Phone SME technology, etc.

After my fascinating experience as a head of Visa CISSEE Products team, I am thrilled to lead Visa business in the Caucasus region. This is an exciting and challenging opportunity to bring more innovations and benefits to our clients and partners and to strengthen our presence in the market, shaping the future of payments and driving innovations across the region.”- CristinaDoros said.

***

About Visa Inc.

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce.

For more information, visit About Visa, visa.com/blog and @VisaNews.

 

About Visa

Anna Serdyuk

Director, Corporate Communications

Visa CIS&SEE

+38 044 22 00 300

This email address is being protected from spambots. You need JavaScript enabled to view it.

Read 36 times

Related items

  • Georgian writer wins EU Prize for Literature

    The famous Georgian writer, blogger and advertising copywriter Beqa Adamashvili has become a winner of the EU Prize for Literature. The prize recognises outstanding new and emerging literary talents across Europe.

    Adamashvili graduated from Caucasus University’s Faculty of Journalism and Social Science and made his literary debut in 2009 with short stories published on electronic platforms. In 2014, Adamashvili released his debut novel “Bestseller”, which eventually went on to become a local bestseller.

    Critics claim that Adamashvili is one of the most creative-minded writers of contemporary Georgian literature. Alongside his writing, he works as creative director for an advertising company.

    The European Union Prize for Literature aims to put a spotlight on the creativity and diverse wealth of Europe's contemporary literature in the field of fiction, to promote the circulation of literature within Europe and to encourage greater interest in non-national literary works. The prize is funded by the European Commission under its Creative Europe programme.

    So far, the EU Prize for Literature has rewarded 108 authors from 41 countries during its decade of existence. Last year, the EU Prize for Literature celebrated its 10th Anniversary with the ‘European stories’ short story contest, open to all previous laureates. Entering its new cycle, the Prize is introducing its first ever laureates from Georgia and Ukraine.

    Find out more

    More information on the Facebook page of the EU Delegation to Georgia

  • Visa Acquires Control of Earthport

    Visa’s Ownership of Earthport to Bring More Speed, Simplicity, Transparency and Trust to Global Payments 

    Tbilisi – May 20, 2019 —Visa Inc. (NYSE: V) today announced it has acquired control of Earthport (AIM:EPO), a company that provides cross-border payment services to banks, money transfer service providers and businesses via the world’s largest independent ACH network.

    Currently, Visa enables payments to be sent to or from Visa cards. The acquisition will make it possible for Visa clients to enable individuals, businesses and governments to utilize Visa to send and/or receive money through bank accounts around the world. With the acquisition of Earthport, Visa expects to be able to reach the vast majority of the world’s banked population and allow them to easily, quickly and securely move money worldwide. 

    Nearly $80 trillion (US) of money is sent via a wire transfer or bank account globally today[1], but the process is harder and more complex than it should be. Money can take days to arrive because of outdated, inefficient and costly methods.

    This transaction can solve for many use cases including payroll and international person-to-person and business-to-business remittances. Take the example of a global marketplace that employs contractors globally who have to get paid in their local currencies. Today, that company may be paying its workforce using inefficient, expensive wire transfers that can take days to arrive. With the combined capabilities of Visa and Earthport, Visa can be the single network for these payments, helping to pay contractors and employees around the world, quickly and safely[2].  

    “Visa is modernizing the way we move money by making it quicker, safer and easier to pay and be paid than ever before,” said Bill Sheley, head of global push payments, Visa. “The acquisition of Earthport unleashes the power of Visa by taking us ‘beyond the card,’ empowering us to enable our clients to make payments through bank accounts around the world.”

    Earthport’s technology will allow Visa to further expand and scale Visa Direct’s rapidly growing portfolio of use cases, including funds disbursements, peer-to-peer payments, cross border payments, marketplace payouts, and bill payments. Over the last 12 months, Visa Direct’s transaction count growth has continued to be over 100% - showing the demand for faster, smarter money movement among consumers and businesses around the world.

    About Visa Inc.

    Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere.  As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit usa.visa.com/about-visavisacorporate.tumblr.com and @VisaNews.

    About Earthport

    Earthport (AIM: EPO)  provides cross-border payment services to banks, money transfer service providers and businesses via the world’s largest independent ACH network. Customers gain new levels of predictability, transparency and cost-efficiency without intermediary deductions or landing fees. This is underpinned by bank-grade compliance expertise, providing peace of mind to clients, and end-to-end FX, treasury and cash management solutions to support customers with their growth.

     
  • Altyn Asyr Lake – new opportunities for the region

    On the 8th of May 2019, a briefing was held in the framework of the events dedicated to the foundation laying of the new, social-production complex in Serdar province of the Balkan region.  This event was organized with the aim of informing the larger community about the Turkmen Lake “Altyn Asyr,” including its significance in the sphere of environment protection and development of social-economic system of Turkmenistan and the region in general.   

    The high-level foreign guests, heads and representatives of the diplomatic corps accredited in Turkmenistan, international organizations and programs, international experts, as well as the representatives of national and foreign mass media took part in the briefing. 

    The authorized representatives of UN agencies and OSCE gave speeches during the briefing where they specifically noted the significance and scale of the man-made Turkmen Lake “Altyn Asyr” that is being constructed in the heart of the Karakum valley.     

    Then the Scientific-practical conference was held dedicated to the importance of Turkmen Lake which is a grand hydro-technical project aimed at the amelioration of environment, including the rational use of water and land resources.  The key officials of Turkmen higher educational institutions, scholars, experts, as well as the representatives of national mass media attended the conference.    

    During the conference, it was noted that Turkmen Lake “Altyn Asyr” will undoubtedly make a vital input to the development of social and economic system of the country.  

    After the events, the excursion by boat and bus along the Turkmen Lake “Altyn Asyr” was organized for the participants of the event that was also complemented by a promenade.  Here, the participants could get acquainted firsthand with the transformations in the Karakum valley that took place after the construction of the reservoir that is being replenished by wastewaters from the agricultural fields of the country.    

  • Visa cardholders of Bank of Georgia can now tap to pay with Garmin® smart watches
    • For the first time in Caucasus region, Visa cardholders of Bank of Georgia can pay contactless with any Garmin watch that supports Garmin PayTM

    Tbilisi, April 19, 2019 – Bank of Georgia continues to introduce innovative products and offer customers an exclusive method of payment for the first time in the Caucasus region. Visa cardholders of Bank of Georgia can now tap to pay with any payment-enabled Garmin® smart watch. Georgia is the first country in the Caucasus region where this innovation is being offered.

    Garmin PayTM is available on different smart watch models allowing people to make contactless payments without the burden of carrying cash. This feature is especially useful for active customers who may not want to carry too many items on-the-go.  In addition to the contactless payment function, these watches monitor pulse, help track location, plan and analyze workouts, receive messages, play music and much more, depending on the model.

    To better understand the relationship between fitness and payments, Visa conducted the “Sweaty Money[1]” survey, which found that people who regularly engage in fitness, experience significant inconvenience when they need to make a purchase before or after their workout:

    • 57% of respondents do not carry any form of payment while exercising because they are worried about losing it or have no place to put it.
    • 49% of respondents have at least once wanted to make a purchase immediately before or after working out but could not because they did not have any form of payment with them.

    Garmin customers can shop contactless with a piece of mind as Garmin Pay uses Visa Token Service technology to replace the 16-digit account number and expiration date with a unique digital identifier that can be used to process payments without exposing actual account details.

    Every Visa cardholder of Bank of Georgia can purchase Garmin watches exclusively in SOLO lounges across the country.

    "We are pleased to offer another innovative product exclusively to our Visa cardholders and for the first time in the Caucasus region. Time management is very important in the present reality. Consequently, we are constantly striving to save our customers time by offering them customized, and innovative products. It's important that customers of International brand- Garmin have an opportunity to enjoy more features,” said CEO of Bank of Georgia Archil Gachechiladze.

    “We believe that the future belongs to the Internet of Things. Soon, we will no longer need to always carry wallets - their function will be performed by wearables,” said Vira Platonova, senior vice president and group country manager for Visa CISSEE. “Garmin Pay brings this future closer in Georgia. Now, with Bank of Georgia enabling their Visa cardholders to use this solution, even more Georgians have an opportunity to securely and easily pay by simply waving their Garmin device at a contactless payment terminal.”

    About Bank of Georgia:

    JSC Bank of Georgia is the leading Georgian bank with a market share of 34.7% (based on total assets), 33.5% (based on total loans) and 34.9% (based on client deposits). The Bank offers a broad range of retail banking, corporate banking and investment management services. As of 31 December 2018, Bank of Georgia served approximately 2.4 million client accounts through one of the largest distribution networks in Georgia, with 271 branches, the country’s largest ATM network, comprising 876 ATMs, 3.115 Express pay (self-service) terminals and a full-service remote banking platform and a modern call center. For more information about Bank of Georgia, please visit http://bankofgeorgia.ge.

    About Visa Inc.

    Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere.  As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit www.corporate.visa.com, www.visasoutheasteurope.com, https://www.facebook.com/VisaGeorgiaGE, www.visanewscissee.com

    About Garmin International, Inc.

    Garmin International, Inc., is a subsidiary of Garmin Ltd. (Nasdaq: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin is a registered trademark and Garmin Pay is a trademark of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.

    Notice on Forward-Looking Statements:

    This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management’s current expectations.  The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 30, 2017, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983).  A copy of such Form 10-K is available at http://www.garmin.com/aboutGarmin/invRelations/finReports.html.  No forward-looking statement can be guaranteed.  Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

    [1] **The “Sweaty Money” survey was conducted among a panel of approximately 1,000 adult users ages 18 and older within the United States by Wakefield on behalf of Visa in August 2017. For the Sweaty Money infographic, go to https://usa.visa.com/visa-everywhere/innovation/payment-wearables-for-workouts.html 

  • Visa Announces Fintech Fast-Track Program in Central & Eastern Europe, Middle East and Africa

    Regional fintechs will be able to connect to Visa’s payment network in as little as four weeks Sub-Saharan prepaid issuing provider, GTP, signs on as regional partner

    Dubai, 13 February 2019 — Visa (NYSE: V) today announced it is expanding its Fintech Fast-Track Program in the Central and Eastern Europe, Middle East and Africa (CEMEA) region as part of its efforts in developing the next generation of digital payment solutions. Already rolled out in Europe, Latin America and Asia Pacific, the program provides innovative fintechs with a faster and easier integration process with VisaNet, Visa’s global network, in addition to a suite of tailored digital solutions and growth capabilities.

    With the Visa Fast-Track program, fintechs based in CEMEA can now onboard to Visa’s global network in as little as four weeks. The program has been tailored to the needs of fintechs, adapting to their realities and providing them with processes that are faster, which include reducing the number of onboarding conditions. The program also links fintechs to platforms that are already certified by Visa and connects fintechs to sponsoring banks, providing fintechs with scaling opportunities through Visa’s global network.

    Andrew Torre, Regional President, CEMEA, Visa, said, “The payments ecosystem is evolving at an unprecedented pace with some of the most exciting innovations coming from our region. We are actively engaged with passionate, entrepreneurial communities to understand where synergies exist in order to foster and bring new experiences to life in a secure and scalable manner in our pursuit of a digital future. Our aim is to connect new players and ideas with our network partners, so that we can deliver intuitive and relevant payment, banking and retail experiences to customers and merchants.”

    The Fintech Fast-Track program provides a new commercial framework that includes access to Visa’s payment capabilities, reduced fees and streamlined processes. After successful launches in Europe, Latin America and Asia Pacific in the second half of 2018, the program is now available to fintechs in CEMEA.  Visa is inviting all innovative fintechs in the region to apply to the program by registering online through the program website – www.visa.com/fintechcemea.  

    The Fast-Track program is one of several Visa initiatives designed to support fintech and startup companies. These include:

    • Investment: Visa continuously evaluates and invests in companies that have the potential to advance digital payments for our clients and their customers. Recent fintech investments globally have included Klarna, Paidy, Marqeta and PayStack in Nigeria.
    • Partnership: Many payment platforms and fintechs are already collaborating with Visa globally to create new consumer and merchant experiences, including YellowPepper, NovoPayment, Stripe, Conductor, Flutterwave and Revolut.
    • Engagement: Visa’s Everywhere Initiative, a global innovation program that tasks startups with solving some of the most challenging issues in payments and commerce, has been running in CEMEA since 2017.

    In Sub-Saharan Africa, Visa will work with Global Technology Partners (GTP), to design and enable turnkey end-to-end packaged solutions jointly for the Visa Fintech Fast Track program. The enterprise solution will include bin sponsorship, issuer processing services, acquirer QR code processing services and program management services.

    Rich Bialek, CEO of GTP, said, “GTP is excited to work with Visa to bring new digital products to our banks and cardholders.  Fintech companies in the CEMEA region are developing innovative solutions to meet the needs of this rapidly growing consumer base.  By expanding the fast-track program to CEMEA, Visa and GTP will enable these companies to rapidly deliver new technologies and services to consumers, improving and expanding how commerce works in this dynamic market.”

    # # #

    About Visa Inc.

    Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere.  As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit www.corporate.visa.com, www.visasoutheasteurope.com, https://www.facebook.com/VisaGeorgiaGE, www.visanewscissee.com

    About Global Technology Partners

    Global Technology Partners is headquartered in Tulsa, Oklahoma USA.  The company was founded in 2003 and began processing its first Visa prepaid debit card in Burkina Faso in 2007.  Since then, GTP has expanded into over 30 African countries, with more in development.  GTP designed its system specifically for prepaid programs, and now offers industry-leading prepaid and mobile processing solutions. 

Business News

The capital budget proposed 1 800 000 will be saved

The capital budget proposed 1 800 000 will be saved

City government 2015 budget amendments. It was presented by Mayor David Narmania said the budget ame...

Railway station to be opened in Batumi

Railway station to be opened in Batumi

Construction of a railway station started many years ago but terminated shortly after will come to a...

Prime Minister meets with businesspersons in Kakheti

Prime Minister meets with businesspersons in Kakheti

Georgia’s Prime Minister Irakli Gharibashvili visited eastern Kakheti region within the framework of...

The Official Value of Dollar – 2.2533 GELS

The Official Value of Dollar – 2.2533 GELS

The official value of US Dollar reached 2.2533 GEL (Lari). National Bank of Georgia set the official...

MOST READ

« July 2019 »
Mon Tue Wed Thu Fri Sat Sun
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31        

About

The News Agency,
NEWSDAY.GE is
a part of STARVISION
Media Group.
It made its first
appearance on the Internet..More

 

Contact

NEWSDAY Ltd.
Lechkhumi street.43

Georgia,Tbilisi

Phone: (+995 32) 257 91 11
E-mail: avtandil@yahoo.com

 

 

 

Social Media