Visa Network Statistics and Comparison

Visa credit cards were created by Visa Inc., (which is also trademarked as VISA). It is an American International corporation located in Foster City, California, USA. It creates electronic funds transfers worldwide, most commonly through its credit cards, debit cards and prepaid cards transactions. Visa does not issue cards, or sets rates and fees for consumers. Visa provides financial establishments with branded payment products that are used to offer credit, debit, prepaid and cash-utilization programs. As of 2015, statistically Visa’s global network VisaNet totaled 100 billion transactions with a total volume of US$6.8 trillion.

Identification markers:

• FIGI BBG000PSL0X0
• Share Class FIGI BBG001SRCFY3
• Composite FIGI BBG000PSKYX7
• FIGI ID EQ0000000005089229
• Website: www.visa.com
• Founded: 1958
• Founders: Dee Hock
• Headquarters:
  San Francisco Bay Area, West Coast
• Market Cap $351.9B
• Sales $21.3B
• Employees 17,000+/-
• Stock Symbol NYSE:V

Initiated in 1958, Visa is competed only by Mastercard as the leading card payment network. Unlike other networks such as Discover and American Express, Visa and Mastercard are utilized primarily as networks that connect cardholders and issuers to merchants. Issuers such as Chase, for example. partner with Visa and Mastercard to further conduct a business, via network connecting to merchants and the issuers granting the cards.

Visa produced a set of rules that govern the participation of financial institutions in its network payment system. Acquiring banks are responsible for ensuring that their merchants comply with the rules.

Visa precedes transaction volumes over the other networks in the worldwide market as a payment network. It’s financial propagation so far achieved the following:

• Over 3.4 billion cards worldwide
• 195+ countries and territories
• 16,000 financial institutions
• $10 trillion+ total volume
• 159+ currencies
• 45+ million merchant locations

Visa Inc. From Wikipedia edited on 27 December 2019, at 01:19 (UTC).
https://en.wikipedia.org/wiki/Visa_Inc.