{"id":89291,"date":"2021-06-11T17:51:23","date_gmt":"2021-06-11T13:51:23","guid":{"rendered":"https:\/\/forbes.ge\/payze-of-georgia-is-2021-winner-of-visa-everywhere-initiative-for-cemea-region\/"},"modified":"2021-10-31T19:29:52","modified_gmt":"2021-10-31T15:29:52","slug":"payze-of-georgia-is-2021-winner-of-visa-everywhere-initiative-for-cemea-region","status":"publish","type":"post","link":"https:\/\/dev.forbes.ge\/en\/payze-of-georgia-is-2021-winner-of-visa-everywhere-initiative-for-cemea-region\/","title":{"rendered":"Payze of Georgia is 2021 Winner of Visa Everywhere Initiative for CEMEA Region"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"89291\" class=\"elementor elementor-89291 elementor-59711\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2b067d2b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2b067d2b\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[{&quot;jet_parallax_layout_image&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;_id&quot;:&quot;f14acd0&quot;,&quot;jet_parallax_layout_image_tablet&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_image_mobile&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_speed&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:50,&quot;sizes&quot;:[]},&quot;jet_parallax_layout_type&quot;:&quot;scroll&quot;,&quot;jet_parallax_layout_direction&quot;:&quot;1&quot;,&quot;jet_parallax_layout_fx_direction&quot;:null,&quot;jet_parallax_layout_z_index&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x&quot;:50,&quot;jet_parallax_layout_bg_x_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y&quot;:50,&quot;jet_parallax_layout_bg_y_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size&quot;:&quot;auto&quot;,&quot;jet_parallax_layout_bg_size_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_animation_prop&quot;:&quot;transform&quot;,&quot;jet_parallax_layout_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;]}]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-37f870b3\" data-id=\"37f870b3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-22a1d497 elementor-widget elementor-widget-text-editor\" data-id=\"22a1d497\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">Visa Inc. (NYSE: V) Visa today announced the regional winners for Central and Eastern Europe, the Middle East and Africa (CEMEA) in its <a style=\"color: #000000;\" href=\"https:\/\/usa.visa.com\/visa-everywhere\/everywhere-initiative\/initiative.html\">Visa Everywhere Initiative<\/a>, a global innovation program and competition for startups and fintech companies.<\/span><\/p><p><span style=\"color: #000000;\">First place for CEMEA and $15,000 in prize money went to <strong>Payze <\/strong>of Georgia. <strong>Payze<\/strong> now advances to the global finals being held on September 14 with $100,000 in prizes available including $50,000 for the overall winner.<\/span><\/p><p><span style=\"color: #000000;\">Founded in 2020 by Giorgi Tsurtsumia and Kakha Gelashvili, Payze is an innovator of financial transactions, helping businesses in CIS countries accept payments from around the world through a single integration. By April 2021 Payze has been processing more than serving more than 200 merchants growing 35% month over month in gross transaction volume.<\/span><\/p><p><span style=\"color: #000000;\">\u201cWe are excited\u00a0 and proud to share that the winner of Visa Everywhere Initiative in CEMEA is originated from Georgia. The fact that the Georgian startup became the main finalist of Visa Everywhere Initiative in CEMEA among 760 applicants proves that Georgia is not only the world\u2019s leader in contactless payments, but also has a great influence on the world\u2019s fintech map. We are proud, that Visa, leading the way in the development of cashless economy in Georgia and the Caucasus region, is an active initiator of a such range of programs and strives to create a stable cohesion between the ideas and their implementation connecting fintech companies and traditional players of the financial system all over the world. Success attend you during the finals, Payze!\u201d, mentioned<strong> Diana Kiguradze, Country Manager for the Caucasus region.<\/strong><\/span><\/p><p><span style=\"color: #000000;\">Also honored at the June 9 CEMEA regional finals was <strong>Safepay <\/strong>of Pakistan, which took the Audience Favorite award and $10,000 in prize money.<\/span><\/p><p><span style=\"color: #000000;\">TechCrunch is a leading online publisher focused on the tech industry, being the heart of the global startup ecosystem. As a media partner of Visa Everywhere Initiative, TechCrunch hosted the CEMEA regional finals in the live-streamed format. Thanks to their continuing support, the finalist virtually presented their solutions to the payment challenges of tomorrow to an expert panel of judges.<\/span><\/p><p><span style=\"color: #000000;\"><strong>The expert panel of judges included:<\/strong><\/span><\/p><ul><li><span style=\"color: #000000;\"><strong>Shereen Abdulla, <\/strong>Senior Manager,\u00a0DIFC Fintech Hive<strong>;<\/strong><\/span><\/li><li><span style=\"color: #000000;\"><strong>Neil Caldwell, <\/strong>Senior Vice-President, Head of Merchant Sales &amp; Acquisitions,\u00a0Visa CEMEA;<\/span><\/li><li><span style=\"color: #000000;\"><strong>Ines Rocha, <\/strong>Director for Financial Products, SME Finance &amp; Development Team,\u00a0EBRD;<\/span><\/li><li><span style=\"color: #000000;\"><strong>Tad Tilahun, <\/strong>Senior Vice-President, Head of Products and Solutions,\u00a0Visa CEMEA<strong>;<\/strong><\/span><\/li><li><span style=\"color: #000000;\"><strong>Otto Williams, <\/strong>Senior Vice-President, Head of Partnerships, Innovation &amp; Digital Solutions,\u00a0Visa CEMEA<strong>;<\/strong><\/span><\/li><li><span style=\"color: #000000;\"><strong>Rena Zuabi, <\/strong>Value Creation, Disruptive Investments,\u00a0Mubadala<strong>.<\/strong><\/span><\/li><\/ul><p><span style=\"color: #000000;\">\u201cWe are delighted to be collaborating with VISA with whom we have a\u00a0<a style=\"color: #000000;\" href=\"https:\/\/nam10.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fwww.ebrd.com%2Fnews%2F2020%2Febrd-and-visa-form-strategic-partnership-.html&amp;data=04%7C01%7Cdkazvan%40visa.com%7Cfdb826446c304bc998cc08d92c132444%7C38305e12e15d4ee888b9c4db1c477d76%7C0%7C0%7C637589283009265420%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&amp;sdata=mimnkzgqSEAG2dGF1SU1zCYVsm8S%2BeF%2F0ErKWJhnlJs%3D&amp;reserved=0\">strategic partnership<\/a>\u00a0Visa aiming to support SMEs. Assisting\u00a0start-ups, early stage companies and young entrepreneurs in particular in the digital space is at the core of the work we do at EBRD on SMEs. I am delighted to see a company from our Countries of Operation, PAYZE from Georgia, winning the CEMEA finals!\u201d- noted <strong>Ines Rocha, Director for Financial Products, SME Finance &amp; Development Team,\u00a0EBRD.<\/strong><\/span><\/p><p><span style=\"color: #000000;\">\u201cWinning Visa Everywhere Initiative is a testament of the hard work our team is putting forward, and we are extremely proud of this achievement. It was fascinating and at the same time challenging experience competing against the best startups in the region, but it was a growth point to us as a startup which has been contributing to the process of receiving and managing online payments of any tech company or person in the CIS region. We are grateful to Visa for providing all 760 applicants in CEMEA with this unique opportunity and believe that the tools and technologies Visa offers are crucial for the further development of payment ecosystem\u201d, told <strong>Giorgi Tsurtsumia, co-founder, Payze<\/strong>.<\/span><\/p><p><span style=\"color: #000000;\">The Visa Everywhere Initiative helps fintech innovators in two ways: as a program, it plugs them into the network of startups that our product teams from all over the world access when searching for solutions; and as a competition, it gives them a forum in which to make a pitch to a panel of payments experts, win prizes and gain wider attention.<\/span><\/p><p><span style=\"color: #000000;\">The competition is tailored to startups and fintechs with great products already in market and gaining traction &#8211; and looking for an extra push from a global, trusted brand like Visa to gain scale.<\/span><\/p><p><span style=\"color: #000000;\">In all, five companies advanced to the CEMEA regional finals. Besides <strong>Payze <\/strong>and <strong>Safepay<\/strong>, the other three finalists were:<\/span><\/p><ul><li><span style=\"color: #000000;\">Habtamu Tadesse, Founder &amp; CEO, ArifPay, Ethiopia<\/span><\/li><li><span style=\"color: #000000;\">Alexander Grishin, Executive Director, Corp.bank, Russia<\/span><\/li><li><span style=\"color: #000000;\">Michael Femi Simeon, Co-Founder &amp; CEO, VPD Money, Nigeria<\/span><\/li><\/ul><p><span style=\"color: #000000;\">The focus of this year\u2019s competition is on products that deliver innovative payment and commerce solutions to consumers and businesses. These encompass the market areas of: Enablers of digital services and digital issuers; Digital issuance; Value-add for merchants\u00a0and\/or consumers in regard to finance; and Small to medium-sized business recovery. In overall more than 2000 applicants participated in the competition.<\/span><\/p><p><span style=\"color: #000000;\">In the global finals, which will be live-streamed on TechCrunch, Payze will compete against regional winners from Asia Pacific, Europe, Latin America and North America.<\/span><\/p><p><span style=\"color: #000000;\"><strong>About the Visa Everywhere Initiative<\/strong><\/span><\/p><p><span style=\"color: #000000;\">The Visa Everywhere Initiative is a global, open innovation program that tasks start-ups and fintechs to solve payment and commerce challenges of tomorrow, further enhance their own product propositions and provide visionary solutions for Visa\u2019s vast network of partners. The program launched in the U.S. in 2015 and quickly expanded into a global program with more than 7,000 participating startups. To date, startups have collectively raised over $2.5 billion in funding, and the program has been activated on six continents &#8211; touching more than 100 countries. For more information, visit <a style=\"color: #000000;\" href=\"https:\/\/usa.visa.com\/visa-everywhere\/everywhere-initiative\/initiative.html\">visa.com<\/a>.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-68f8e0a elementor-widget elementor-widget-html\" data-id=\"68f8e0a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<iframe width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/1cei9LnN5cs?controls=0&amp;start=4731\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Visa Inc. (NYSE: V) Visa today announced the regional winners for Central and Eastern Europe, the Middle East and Africa (CEMEA) in its Visa Everywhere Initiative, a global innovation program and competition for startups and fintech companies. First place for CEMEA and $15,000 in prize money went to Payze of Georgia. Payze now advances to [&hellip;]<\/p>\n","protected":false},"author":615,"featured_media":83830,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1793,1778],"tags":[],"class_list":["post-89291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-in-english-en","category-forbes-georgia-in-english-en","has-thumb"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Payze of Georgia is 2021 Winner of Visa Everywhere Initiative for CEMEA Region &#8226; Forbes Georgia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.forbes.ge\/en\/payze-of-georgia-is-2021-winner-of-visa-everywhere-initiative-for-cemea-region\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Payze of Georgia is 2021 Winner of Visa Everywhere Initiative for CEMEA Region &#8226; Forbes Georgia\" \/>\n<meta property=\"og:description\" content=\"Visa Inc. (NYSE: V) Visa today announced the regional winners for Central and Eastern Europe, the Middle East and Africa (CEMEA) in its Visa Everywhere Initiative, a global innovation program and competition for startups and fintech companies. First place for CEMEA and $15,000 in prize money went to Payze of Georgia. Payze now advances to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dev.forbes.ge\/en\/payze-of-georgia-is-2021-winner-of-visa-everywhere-initiative-for-cemea-region\/\" \/>\n<meta property=\"og:site_name\" content=\"Forbes Georgia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/forbesgeo\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-11T13:51:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-31T15:29:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/forbes.ge\/wp-content\/uploads\/2021\/06\/WEB-GENERAL-3.png\" \/>\n<meta name=\"author\" content=\"Forbes Georgia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/forbes.ge\/wp-content\/uploads\/2021\/06\/WEB-GENERAL-3.png\" \/>\n<meta name=\"twitter:creator\" content=\"@forbesgeorgian\" \/>\n<meta name=\"twitter:site\" content=\"@forbesgeorgian\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Forbes Georgia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/dev.forbes.ge\\\/en\\\/payze-of-georgia-is-2021-winner-of-visa-everywhere-initiative-for-cemea-region\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/dev.forbes.ge\\\/en\\\/payze-of-georgia-is-2021-winner-of-visa-everywhere-initiative-for-cemea-region\\\/\"},\"author\":{\"name\":\"Forbes Georgia\",\"@id\":\"https:\\\/\\\/dev.forbes.ge\\\/en\\\/#\\\/schema\\\/person\\\/08ba1452c49bd4023d3e76d49d49185d\"},\"headline\":\"Payze of Georgia is 2021 Winner of Visa Everywhere Initiative for CEMEA Region\",\"datePublished\":\"2021-06-11T13:51:23+00:00\",\"dateModified\":\"2021-10-31T15:29:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/dev.forbes.ge\\\/en\\\/payze-of-georgia-is-2021-winner-of-visa-everywhere-initiative-for-cemea-region\\\/\"},\"wordCount\":931,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/dev.forbes.ge\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/dev.forbes.ge\\\/en\\\/payze-of-georgia-is-2021-winner-of-visa-everywhere-initiative-for-cemea-region\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/dev.forbes.ge\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/Forbes-WEB-6-1.png\",\"articleSection\":[\"English\",\"Forbes Georgia in English\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/dev.forbes.ge\\\/en\\\/payze-of-georgia-is-2021-winner-of-visa-everywhere-initiative-for-cemea-region\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/dev.forbes.ge\\\/en\\\/payze-of-georgia-is-2021-winner-of-visa-everywhere-initiative-for-cemea-region\\\/\",\"url\":\"https:\\\/\\\/dev.forbes.ge\\\/en\\\/payze-of-georgia-is-2021-winner-of-visa-everywhere-initiative-for-cemea-region\\\/\",\"name\":\"Payze of Georgia is 2021 Winner of Visa Everywhere Initiative for CEMEA Region &#8226; 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(NYSE: V) Visa today announced the regional winners for Central and Eastern Europe, the Middle East and Africa (CEMEA) in its Visa Everywhere Initiative, a global innovation program and competition for startups and fintech companies. First place for CEMEA and $15,000 in prize money went to Payze of Georgia. Payze now advances to [&hellip;]","og_url":"https:\/\/dev.forbes.ge\/en\/payze-of-georgia-is-2021-winner-of-visa-everywhere-initiative-for-cemea-region\/","og_site_name":"Forbes Georgia","article_publisher":"https:\/\/www.facebook.com\/forbesgeo","article_published_time":"2021-06-11T13:51:23+00:00","article_modified_time":"2021-10-31T15:29:52+00:00","og_image":[{"url":"https:\/\/forbes.ge\/wp-content\/uploads\/2021\/06\/WEB-GENERAL-3.png","type":"","width":"","height":""}],"author":"Forbes Georgia","twitter_card":"summary_large_image","twitter_image":"https:\/\/forbes.ge\/wp-content\/uploads\/2021\/06\/WEB-GENERAL-3.png","twitter_creator":"@forbesgeorgian","twitter_site":"@forbesgeorgian","twitter_misc":{"Written by":"Forbes Georgia","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/dev.forbes.ge\/en\/payze-of-georgia-is-2021-winner-of-visa-everywhere-initiative-for-cemea-region\/#article","isPartOf":{"@id":"https:\/\/dev.forbes.ge\/en\/payze-of-georgia-is-2021-winner-of-visa-everywhere-initiative-for-cemea-region\/"},"author":{"name":"Forbes Georgia","@id":"https:\/\/dev.forbes.ge\/en\/#\/schema\/person\/08ba1452c49bd4023d3e76d49d49185d"},"headline":"Payze of Georgia is 2021 Winner of Visa Everywhere Initiative for CEMEA Region","datePublished":"2021-06-11T13:51:23+00:00","dateModified":"2021-10-31T15:29:52+00:00","mainEntityOfPage":{"@id":"https:\/\/dev.forbes.ge\/en\/payze-of-georgia-is-2021-winner-of-visa-everywhere-initiative-for-cemea-region\/"},"wordCount":931,"commentCount":0,"publisher":{"@id":"https:\/\/dev.forbes.ge\/en\/#organization"},"image":{"@id":"https:\/\/dev.forbes.ge\/en\/payze-of-georgia-is-2021-winner-of-visa-everywhere-initiative-for-cemea-region\/#primaryimage"},"thumbnailUrl":"https:\/\/dev.forbes.ge\/wp-content\/uploads\/2021\/06\/Forbes-WEB-6-1.png","articleSection":["English","Forbes Georgia in English"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/dev.forbes.ge\/en\/payze-of-georgia-is-2021-winner-of-visa-everywhere-initiative-for-cemea-region\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/dev.forbes.ge\/en\/payze-of-georgia-is-2021-winner-of-visa-everywhere-initiative-for-cemea-region\/","url":"https:\/\/dev.forbes.ge\/en\/payze-of-georgia-is-2021-winner-of-visa-everywhere-initiative-for-cemea-region\/","name":"Payze of Georgia is 2021 Winner of Visa Everywhere Initiative for CEMEA Region &#8226; 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