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ISIN code: US92826C8394
Sector: Finance
Industry: Financing/Rental/Leasing
Le actions of Visa Inc. are listed on the American market on the NYSE index with the ticker V.
See the stock's NYS listing historyE
Company Description
Visa Inc. is an American multinational corporation operating in the financial services sector. The company operates through payment services; through Visa-branded credit cards, debit cards and prepaid cards, it facilitates electronic funds transfers around the world.
Visa, along with Mastercard they are the largest companies in the world that deal with these services. It has recently been overtaken by China UnionPay. However UnionPay operates almost exclusively on the domestic market in China and therefore Visa is still considered the dominant bank card company in the rest of the world.
Visa is the world leader in credit card (50,1%) and debit card (76,9%) transactions.
The company is present in over 200 countries operating practically all over the world.
The headquarters are in Foster City, California.
Visa does not issue its own cards, set no fees or commissions. The company supplies financial institutions with Visa-branded payment products which they then use for their own credit, debit and prepaid programs for their customers.
Almost all worldwide Visa transactions are processed through Visa Net, managed directly by the company through four data centers: in Ashburn, Virginia, Ranch in Colorado, London and Singapore. These disaster-proof structures can operate independently of each other; they are capable of handling up to 30.000 simultaneous transactions and up to 100 billion calculations per second.
The company has approximately 20.500 employees.
Il business of Visa is mainly divided into two areas: sale of means of payment and provision of services.
In Italy Visa services are issued and managed by nexi and some banks.
Visa has been publicly traded on the NYSE index since March 2008. Its launch was the largest stock placement ever at more than $17 billion.
THEshareholders of Visa, as of June 2021, is mainly composed of institutional investors.
I major shareholders I'm:
- Vanguard Group Inc., 8,46%
- Blackrock Inc., 7,34%
- Price (T. Rowe) Associates Inc, 4,88%
- State Street Corporation 4,34%
- FMR, LLC, 3,41%
- Morgan Stanley, 2,47%
- Geode Capital Management, LLC, 1,66%
- Bank of America, 1,63%
Il turnover in 2020 it was $21,85 billion with a net income of $10,87 billion.
The tagline is «Everywhere You Want to Be».
Economic and financial analysis of the company
Visa was launched in 1958 by Bank of America (BofA) as a credit card program Bank Americard. It was the first paper-based multi-purpose consumer credit card with a $300 limit.
In June 1970, Bank of America relinquished control of the BankAmericard program. The various BankAmericard issuing banks took control of the program, creating National Bank Americard Inc. (NBI), an independent Delaware firm that would be contracted to manage, promote and develop the BankAmericard system in the United States. BankAmericard is thus transformed from a franchise system into a jointly controlled consortium or alliance,
In 1974 the program was launched on the international scene. It was born there International Bankcard Company (IBANCO) to administer the BankAmericard program internationally.
In 1975 the debit card was introduced.
In 1976, it was decided that it was best to unify the various international networks into one network with a single international name. This choice would have led to the best interests of the company. Thus it was that BankAmericard, Barclaycard, Carte Bleue, Chargex, Sumitomo Card and all other licensees merged under the new name, Visa. The logo, the distinctive blue, white and gold flag, was retained.
NBI became Visa USA and IBANCO became Visa International.
In 1983, Visa launched a network of automatic teller machines (ATMs) capable of dispensing cash 24 hours a day, “anytime, anywhere” around the world.
In 1997, the volume of payments through Visa reached one trillion dollars.
In 2006, the volume of payments reached was 4,4 trillion dollars.
In October, a reorganization is announced; some businesses would be merged and the company would become a publicly traded company, Visa Inc.
Visa Canada, Visa International and Visa USA are merged into the new public company while Visa Europe remains a separate company. Visa Europe is an association and cooperative of over 3.700 European banks and other payment service providers operating Visa-branded products and services in Europe.
In 2008, Visa was listed on the Stock Exchange; it is the largest placement in history.
In November 2015, Visa Inc. announces the acquisition plan of Visa Europe with the intention of creating a single global company. The acquisition of Visa Europe was completed on June 21, 2016 for a total valuation of €21,2 billion.
In January 2020, Visa announces the agreement to acquire the startup Plaid for $5,3 billion. The deal is blocked by US Antitrust Visa.
In June 2021 Visa acquired Tink for €1,8 billion, a Swedish startup specializing in open banking.
Among subsidiaries from Visa there are:
- Cardinal Commerce
- Cybersource
- Visa
- Electron
- FinTecsSystems
- let's fund
- tink
- Instant
- payworks
- playspan
The latest news about Visa Inc.
Visa and Mastercard aim to increase credit card fees in the US, but in Italy….
As reported by the Wall Street Journal, credit card issuing banks and their network partners are ready to increase the fees applied to merchants in the US as early as October
Visa and Mastercard suspend transactions in Russia. No withdrawals or payments after the war in Ukraine
Visa and Mastercard cards issued in Russia will no longer be usable. Cards issued elsewhere will also not work within the federation
PayTech: USA dominates, but Nexi climbs the rankings
According to a report by the Mediobanca Research Area, 88% of the turnover in the PayTech sector is the prerogative of 15 companies, all from the United States - Worldline is growing in Europe, while Nexi is in fourth place - Digital payments boom in 2020
Visa goes shopping in Sweden and focuses on European open banking
The credit card giant has acquired Tink, a startup specializing in open banking, for 1,8 billion euros – Poste Italiane sold its 4,7% stake in Tink to the Visa group, realizing 18 times the initial investment value
Apple Pay arrives in Italy. It works like this: guide in 5 points
The payment system that transforms the iPhone into a credit card also arrives in our country - Here's how it works, with which bank cards it is compatible, in which shops and on which apps it can be used