Visa, Inc.

Visa, Inc. Overview

Company Headquarter: US

Founded: 1970

Workforce: ~15,000

Company Working: Visa, Inc. deals in the provision of payment services. It also facilitates global commerce through facilitating the transfer of value and information in the global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global ATM services. Visa classifies its offerings into five categories: core products, processing infrastructure, transaction processing services, digital products, and merchant products. Core products include debit card, credit card, prepaid cards, commercial payment, and global ATMs. Commercial payment solutions (CPS) comprise purchasing cards, corporate cards, virtual account, and disbursement accounts. CPS is designed to bring control, efficiency, and automation to government and commercial payment processing. It also provides integration capabilities, consulting and analytics support, and data management.

In 2010, Visa acquired CyberSource and its wholly owned subsidiary Authorize.net, which provides e-commerce payments and security solutions for businesses. Authorize.Net is a payment gateway that allows e-commerce providers to accept payments through credit cards and electronic checks directly on their site.

Strategy

Visa Inc.'s strategy for this market involves leveraging its expertise in digital payments and partnerships with healthcare providers and insurers to streamline payment processes and improve the overall healthcare experience for patients. Another key component of Visa Inc.'s strategy in the US healthcare market is its focus on consumer-centric solutions. The company is working to develop innovative payment technologies that can improve the overall patient experience. By providing patients with more convenient and accessible payment options, the company hopes to reduce the administrative burden on healthcare providers and insurers and create a more seamless and efficient payment process.

Company Snapshot

$20.61M

Revenue

15,000

Employees

1970

Founded

SWOT Analysis

Strengths

Working capital surplus
Distribution network
Cost efficiency
Operational Framework and large customer and partner base enable the company to grow organically
The company reported growth in its international transaction revenues which enhanced its overall performance

Weaknesses

Low control over cardholders
Cost Efficiency
Working capital deficit

Opportunities

Growing cards and payment channels in the US
Digital initiatives
Strategic initiatives
Emergence of Fintech
Introduction of a new payment system: The US

Threats

Competition
Brexit impact
Operational risk
Risk related to online identity theft and hacking
Increasing competition

Key Developments

Date	Approach	Development
April 2023	Partnership	Visa partnered with PayPaland and Venmo to introduce Visa+ service to help money movement of individual quickly and securely between different person-to-person digital payment application
November 2022	Collaboration	Nibble Health collaborated with Visa Inc. for its participation in Visa's Fintech Fast Track program. This move is aimed at expediting the integration process with Visa, which is a renowned digital payments leader worldwide. By joining the Fintech Fast Track program, Nibble Health can access VisaNet, Visa's global payment network, and its extensive reach, capabilities, and security features in a more streamlined manner.
September 2020	Permission	Visa, contactless payment cards for Tap and PIN payments has been accepted at over one million facilities in India. This follows the RBI's announcement that contactless card transactions of more than 2,000 would be permitted by entering a person's PIN.
February 2020	Collaboration	Visa launched deployment of a PCI approved Tap to Phone card approval solution in collaboration with DigitSecure and HDFC Bank. DeliveryPlus is the first merchant to accept payments from HDFC Bank. This solution allows retailers to accept contactless payments with cards securely instantly using an app on their NFC-enabled Android mobile devices, without the need for dedicated card acceptance machines.

Product Offering

Visa, Inc.
- Online Payment Gateway
- Online Payment Solutions
- Digital Payment

Financial Performance

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