VISA INC.

Visa

Company and business

• Visa is a global payments technology company that enables secure, reliable, and efficient money movement and commerce.
• Core model: a four-party framework (consumer, issuer, acquirer, seller) with VisaNet processing. The model extends to digital banks, wallets, fintechs, governments, and NGOs.
• Strategic positioning: a network-of-networks that provides a single connection point for money movement across multiple networks, form factors, and technologies in more than 200 countries and territories.
• Growth focus: innovation across core payments, commercial money movement, and value-added services, including ongoing integration of AI, GenAI, stablecoins, and agentic commerce.

Scale and reach (fiscal 2026)

• Transactions: 355 billion payments and cash transactions involving Visa’s brand; 281 billion processed on Visa’s network; average of 973 million transactions per day.
• Volume: total payments and cash volume of $18 trillion.
• Credentials and locations: over 5 billion payment credentials available for use at more than 400 million seller locations worldwide.
• Client base: more than 14,000 financial institution clients.
• Global reach: operations in over 200 countries and territories with cross-border and cross-channel capabilities.
• Network endpoints and tokenization: infrastructure connects to more than 18 billion cards, bank accounts, and digital wallets; over 60% of ecommerce transactions tokenized as of September 30, 2026.
• Tap technology and adoption: Tap to Pay/Tap to Phone expansion; Tap to Pay accounts for a majority share of face-to-face transactions in many markets; Tap to Phone surpassed 25 million transacting devices across 100+ markets in fiscal 2026; Tap to Everything initiatives are expanding use cases such as contactless transit.

Business lines and offerings

• Consumer Payments: card-based payments (credit, debit, prepaid) and non-card payment experiences; affluence-focused programs (Infinite brand) and cross-border/cross-channel expansion.
• Commercial & Money Movement Solutions (CMS): Visa Direct for money movement (P2P/B2B), cross-border capabilities, and commercial card solutions; focus on B2B, platform integrations, supplier payments, and real-time payments via A2A and related networks.
• Value-Added Services (VAS): Issuing Solutions, Acceptance Solutions, Risk and Security Solutions, Advisory and Other Services; more than 250 products and services with AI-enabled capabilities for fraud management, authentication, data analytics, marketing services, and open banking.
• Issuing Solutions: issuer processing, cardholder engagement, loyalty, BNPL capabilities, digital issuance, and core banking platforms (e.g., Prisma in Argentina; Pismo-based cloud capabilities for issuer processing and RTP connectivity).
• Acceptance Solutions: network products, fraud prevention, account verification, account updater, and omnichannel integration via Visa Acceptance Platform (Cybersource, Authorize.Net); token management and intelligent commerce capabilities.
• Risk and Security Solutions: real-time AI-based risk scoring, fraud detection, authentication, and cybersecurity offerings; acquisition of Featurespace to strengthen real-time analytics and fraud prevention; Visa Protect and related threat intelligence tools.
• Advisory and Other Services: payments consulting, analytics, marketing services, data solutions, and Open Banking via Tink; practical implementation and managed services for clients.
• Platforms and technology: Visa as a Service stack with four layers (foundation, services, solutions, access); Visa Intelligent Commerce integration; Visa Cloud Token Framework; Visa Stablecoin Platform for stablecoin-enabled settlement and movement; agentic commerce infrastructure and Trusted Agent Protocol collaboration.
• Digital assets and stablecoins: activity across issuance, custody/settlement, and applications (including participation in OpenUSD issuance standards and a stablecoin platform for minting, movement, and management).

Notable product and technology programs

• Tokenization and network authentication: Visa Token Service (VTS) for tokenized transactions, with growing tokenized data and context used for authorization decisions.
• Cross-border and currency enablement: multi-currency credentials and enhanced cross-border capabilities, including foreign exchange and settlement improvements.
• Agentic commerce and AI: investment in agentic AI and the Visa Agentic Toolchain to support agent-initiated transactions with authentication, security, and consumer controls.
• Stablecoins and digital money movement: Visa Stablecoin Platform for stablecoin settlement and fiat/stablecoin movement, plus partnerships to connect digital assets with everyday commerce.
• Open banking and A2A payments: Tink open banking platform to enable data access and A2A payments; real-time payments infrastructure supported through acquisitions like Newpay (Argentina).

People, governance, and responsibility

• Employees: approximately 34,800 as of September 30, 2026, located in 90 countries and territories; about 65% based outside the U.S.
• Leadership and governance: established risk, audit, and cyber governance structures; a Chief Information Security Officer leads a cybersecurity organization of roughly 950 people; regular board oversight and risk reporting.
• Brand and sponsorships: global sponsorships with Olympic and Paralympic committees, FIFA World Cup, FIFA Women’s World Cup, and Red Bull Formula One teams (Oracle Red Bull Racing and Visa Cash App RB F1 Team).

Acquisitions and strategic investments (fiscal 2026)

• Prisma (Argentina): issuer processing for credit, debit, and prepaid, expanding Latin American processing capabilities.
• Newpay (Argentina): real-time payments infrastructure (Banelco, PagoMisCuentas platform).
• BioCatch: proposed acquisition of behavioral-first fraud intelligence (subject to regulatory approvals).

Revenue and income

• Net revenue is comprised of multiple categories: Service Revenue, Data Processing Revenue, International Transaction Revenue, Client Incentives, and Other Revenue.
• The Value-Added Services (VAS) category represents a large annual revenue opportunity, organized by subportfolios: Issuing Solutions, Acceptance Solutions, Risk and Security Solutions, and Advisory and Other Services.

Summary

Visa operates a global payments network that supports card and non-card payments, money movement, and a wide ecosystem of partners including financial institutions, sellers, fintechs, and governments. The company combines large payment volume and credential reach with a diversified product stack across consumer and commercial payments, risk management, advisory services, and digital platforms. Visa continues to prioritize innovation in AI, tokenization, open banking, real-time payments, and stablecoins while expanding cross-border capabilities and affluent consumer programs.