VISA announced Wednesday that its Everywhere Initiative, an innovation program designed to encourage the development of the "next big thing" in payments, will expand into the Middle East and North Africa (MENA) region. Entrants in Visa's first-ever MENA Everywhere Initiative will have the opportunity to compete for a chance to win up to US$50,000 to support a development program with Visa, or through business partnership with Visa's clients, and potentially have access to Visa APIs, executive mentors and technologists. "In a highly dynamic industry, Visa's Everywhere Initiative allows us to explore a host of ideas that solve business challenges, influence our product roadmaps, support our customers, and shape our culture of innovation," said Kamran Siddiqi, Group Executive - Central & Eastern Europe, Middle East & Africa, Visa.