What is Visa Europe and who owns it?
Visa Europe is a membership association of European members and other payment service providers that have collectively issued more than 460 million Visa debit, credit, commercial and prepaid cards in Europe. In the 12 months ending June 2012 those cards were used to make purchases and cash withdrawals to the value of €1.8 trillion.
What does Visa Europe do?
As a dedicated European payment system Visa is able to respond quickly to the specific market needs of its European members and their customers – cardholders and retailers and businesses, and to meet the European Commission’s objective to create a true internal market for payments.
How is Visa Europe related to Visa Inc.?
Visa Europe is a wholly separate company to Visa Inc. and has a different corporate design. In October 2007, Visa Europe became independent of the new global Visa Inc., with an exclusive irrevocable licence in perpetuity to operate in Europe. At that time, Visa Inc. listed on the New York Stock Exchange, becoming a publicly traded company.
How many countries does Visa Europe operate in?
Visa Europe operates in 37 countries in Europe. Visa Europe’s headquarters and main operational offices are in the UK and there are local offices in Austria, Belgium, Bulgaria, Czech Republic, Finland, France, Germany, Greece, Israel, Ireland, Italy, Hungary, Netherlands, Norway, Poland, Portugal, Romania, Spain, Sweden, Switzerland and Turkey.
How many Visa cards are there in Europe?
In Europe, there are 460 million Visa debit, credit, and commercial cards.
How many card transactions overall are made every year?
In the 12 months ending June 2012 Visa cards were used to make purchases and cash withdrawals to the value of €1.8 trillion. 14% of consumer spending at the point of sale in Europe is with a Visa card, and almost 80% of that is on Visa debit cards.