Turnover: 29.31 billion EUR (2022)

Country: United States

Visa is an American multinational financial services company headquartered in Foster City, California, USA.

The company facilitates the electronic transfer of funds worldwide, most often through Visa credit cards, gift cards and debit cards.

Visa does not issue credit cards, does not extend credit, and does not set rates or fees for consumers.instead, Visa offers Visa-branded payment products to financial institutions, which they then use to offer their customers credit, debit, prepaid and cash access programs. In 2015, the Nilson Report, a publication that tracks the credit card industry, revealed that Visa's global network (known as VisaNet) processed 100 billion transactions in 2014.

News

Cartes Bancaires: the French banks' plan to counter Visa | and MastercardCartes Bancaires against Visa and Mastercard 30/06/2023

  • A few years ago, CB (Cartes Bancaires) handled over 90% of payment flows in France, but this market share has now fallen to just under 85%.
  • At the same time, payment flows in France have increased by 40%.
  • Only two banks in France (Crédit Agricole and Société Générale) have developed the technical infrastructures to pass payment flows from Apple Pay-type e-wallets via CB.
  • The aim is to migrate all French banks onto a single platform by the end of 2024.
  • Many online banks have abandoned the CB logo.
  • Groupe BPCE has a fleet of 15.7 million CB and Visa co-badged cards, compared with 3 million Visa-only cards.
  • According to BPCE, 99% of their small merchants have not seen their bills increase in 2022.

Payments : Visa defends its development strategy in France | Visa: development strategy in France 30/06/2023

  • Visa is a minority player in the French market, but is gaining market share.
  • Transactions carried out via the domestic Cartes Bancaires (CB) network account for between 67% and 90% of the total, depending on the type of business. However, this share has been declining for several years.
  • Visa is one of the major partners of the Paris 2024 Olympic Games and will be the exclusive payment operator during the event.
  • 4. 3 million "Visa only" bank cards (for premium customers) have been issued by Groupe BPCE in partnership with Visa for the Olympiad.

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