Visa

The corporate headquarters of the American financial services giant Visa Inc. are in San Francisco, California. It enables electronic money transfers all across the world, most frequently using Visa-branded prepaid, debit, and credit cards. One of the most valuable firms in the world is Visa.

Visa instead supplies financial institutions with payment solutions bearing the Visa name, which they can use to provide their clients with credit, debit, prepaid, and cash access programs. Visa does not actually issue cards, grant credit, or set rates and fees for consumers. According to the 2015 Nilson Report, which monitors the credit card industry, Visa's global network (also known as VisaNet) handled 100 billion transactions in 2014, totaling US$6.8 trillion.

Bank of America (BofA) established Visa in 1958 as the BankAmericard credit card program. In 1966, BofA started issuing licenses for the BankAmericard program to other financial institutions in response to rival Master Charge (now Mastercard). In order to handle the BankAmericard program, BofA formed a cooperative with the other various BankAmericard issuer banks in 1970, giving up direct control of the program. In 1976, it was renamed Visa.

The market capitalization of Visa as of March 2023 is $458.50 billion. By market cap, Visa is now the 12th most valuable firm in the world. The most recent financial reports from Visa indicate that the company's current revenue (TTM) is $30.18 billion. The corporation generated $25.47 billion in revenue in 2021, an increase over the $21.47 billion it generated in revenue in 2020.

Founded: September 18, 1958
Headquarters: One Market Plaza, San Francisco, California, U.S.
Website: visa.com