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VISA
(Visa International Service Association)
VISA is a global payments technology company that facilitates electronic funds transfers worldwide. Unlike traditional banks, VISA doesn't issue cards or extend credit but provides the network connecting financial institutions, merchants, and consumers.
VISA operates one of the world's largest retail electronic payments networks, processing over 250 billion transactions annually. The company competes with MC (Mastercard) and other payment networks. VISA cards account for approximately 50% of global purchase volume on general purpose payment cards. The company earns revenue through transaction fees charged to merchants and financial institutions.
VISA operates one of the world's largest retail electronic payments networks, processing over 250 billion transactions annually. The company competes with MC (Mastercard) and other payment networks. VISA cards account for approximately 50% of global purchase volume on general purpose payment cards. The company earns revenue through transaction fees charged to merchants and financial institutions.