Caterham F1 Team has announced a multi-year agreement with Visa as the team's Hospitality and Experiential Marketing Partner.

The partnership will see the two brands collaborate on a series of innovative hospitality and marketing programmes that takes Visa cardholders into the heart of Formula One's fastest developing team.

Tan Sri Tony Fernandes, Team Principal, Caterham F1 Team: "This is another major milestone for our team as it aligns us with one of the world's most famous, trusted brands and gives us an opportunity to create some exciting new projects for our fans and Visa's customers. The growth of our commercial partnership portfolio reflects our development as a team on track and it is a sign of our increasing strength that we have been able to attract a brand as prestigious as Visa."

Stuart Tomlinson, Country Manager, Malaysia, Visa: "Visa is pleased to sign on as a key partner of Caterham F1 Team. With Tan Sri Tony's business savvy and flair, we believe the team will be a dynamic force to be reckoned with in the near future, and we are excited to be part of this. With this partnership, Visa looks forward to bringing our decades of experience in creating customer hospitality, loyalty and experiential programs for cardholders."

Visa joins an illustrious list of Caterham F1 Team partners including GE, Dell, Intel, Renault and AirAsia.

About Visa

Visa is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable digital currency. Underpinning digital currency is one of the world's most advanced processing networks-VisaNet-that is capable of handling more than 20,000 transaction messages a second, with fraud protection for consumers and guaranteed payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa's innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, ahead of time with prepaid or later with credit products. For more information, visit www.corporate.visa.com.