Visa Inc.

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Visa Inc.

Company type	Public
Traded as	NYSE: [ V]
ISIN	US92826C8394
Industry	Financial services
Founded	September  18, 1958 (1958-09-18)
Founder	Dee Hock
Area served	Worldwide
Key people	Alfred F. Kelly Jr. (Chairman and CEO)
Products	Credit card, Payment system, Debit card, Prepaid card
Revenue	$24.11 billion (2021)
Operating income	$15.8 billion (2021)
Net income	$12.31 billion (2021)
Total assets	$80.92 billion (2021)
Total equity	$36.11 billion (2021)
Number of employees	21,500 (2021)
Website	www.visa.com

Visa Inc. is an American multinational financial services corporation headquartered in Foster City, California. Visa facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards, and prepaid cards. Visa is one of the world's most valuable companies.

History

Visa was founded in 1958 by Dee Hock as BankAmericard, a product of Bank of America. The company was later renamed Visa in 1976. Visa went public in 2008, raising $17.9 billion in what was then the largest initial public offering in U.S. history.

Operations

Visa operates in more than 200 countries and territories, with products available in over 160 currencies. The company does not issue cards, extend credit, or set rates and fees for consumers; rather, Visa provides financial institutions with Visa-branded payment products that they then use to offer credit, debit, prepaid, and cash-access programs to their customers.

Technology

Visa's global network, known as VisaNet, is capable of handling more than 65,000 transaction messages per second. VisaNet connects consumers, businesses, financial institutions, and governments, enabling them to use digital currency instead of cash and checks.

Products and Services

Visa offers a range of products and services, including:

• Credit cards
• Debit cards
• Prepaid cards
• Payment systems

Corporate Structure

Visa Inc. is organized into four global regions: North America, Latin America and the Caribbean, Asia Pacific, and Central and Eastern Europe, Middle East, and Africa (CEMEA). Each region is responsible for managing its own operations, marketing, and sales.

Competitors

Visa's primary competitors include Mastercard, American Express, and Discover Financial.

See also

• Credit card
• Debit card
• Payment system
• Financial services
• Mastercard
• American Express
• Discover Financial