VISA Net Worth

Net Worth:	$439.96 billion
Company:	VISA Inc.

What is VISA’s Net Worth?

Visa is an American multinational financial services corporation that has a net worth of $439.96 billion. It has its headquarters located in San Francisco, California. It enables the electronic transfer of funds anywhere on the planet, most frequently using Visa-branded prepaid, debit, and credit cards.

One of the wealthiest corporations in the world is Visa. Instead of issuing cards, offering credit, or establishing rates and fees for consumers, Visa gives financial institutions access to payment products branded with the Visa logo so they can provide credit, debit, prepaid, and cash access services to their customers.

The global network of Visa (known as VisaNet) handled 100 billion transactions in 2014 with a value of US$6.8 trillion, according to the 2015 Nilson Report, a journal that monitors the credit card industry.

Visa was created in 1958 by Bank of America (BofA) 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 1970, BofA formed a consortium with the other six BankAmericard issuer banks in order to take over the management of the BankAmericard program, renouncing direct control over the initiative. In 1976, it was granted a visa.

One of Visa’s four strategically placed data centers, which are located in Ashburn, Virginia; Highlands Ranch, Colorado; London, England; and Singapore, processes the majority of all global transactions for the credit card firm.

These facilities can handle up to 30,000 simultaneous transactions and up to 100 billion computations per second, and they are capable of functioning independently from one another and from external utilities if necessary.

They are also strongly guarded against terrorism, criminality, and natural disasters.

Visa is now the second-largest card payment firm in the world after China UnionPay overtook it in 2015 in terms of the total amount of card payments made annually and the number of cards issued (debit and credit cards combined).

Visa is still recognized as the top bank card provider in the rest of the world, where it controls a 50% market share of all card payments, while UnionPay’s development is mostly influenced by the size of its home market in China.

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