London, 5 October 2014: Visa Europe today announced the appointment of Eva Castillo Sanz as a non-executive director. Ms Castillo will join the Visa Europe Board with immediate effect.
Ms Castillo was Chief Executive Officer of Telefonica Europe until February 2014 and remains on the Telefonica S.A. Board of Directors as well as Chairing the supervisory Board of Telefonica Germany. She is a non-executive director at Bankia. Ms Castillo previously held a number of senior executive roles at Merrill Lynch including heading EMEA operations for the company’s Global Wealth Management business.
Gary Hoffman, Chairman of the Visa Europe Board, said: “Eva will be a strong addition to the Visa Europe Board. She has a tremendous track record in management and Board positions demonstrating highly effective long-term strategic vision and the capacity to influence multi-national organisations.
“Eva will bring a broad perspective from her career in financial services and telecoms which will be invaluable in the rapidly evolving ecosystem in which Visa Europe operates today.”
Eva Castillo added: “I’m delighted to be joining the Visa Europe Board at an extremely exciting time for the business. Visa sits at the heart of the payments sector in Europe and I look forward to bringing to the table my experience in the finance and telecoms industries as well as an international perspective from my career in multi-national corporations.”
About Visa Europe
Visa Europe is a payments technology business owned and operated by member banks and other payment service providers from 37 countries across Europe.
Visa Europe works at the forefront of technology to create the services and infrastructure which enable millions of European consumers, businesses and governments to make electronic payments. Its members are responsible for issuing cards, signing up retailers and deciding cardholder and retailer fees.
Visa Europe operates a high volume, low cost business model that provides services to its members. Its surplus is reinvested into the business and used to improve capital and reserves.
There are 500m Visa cards in Europe, while €1 in every €6.50 spent in Europe is on a Visa card. In the year to September 2013, total expenditure on Visa cards reached €2 trillion, while point-of-sale spend increased by 8.5% to €1.4 trillion. Annual online spending on Visa cards continues to grow (20% year-on-year) and now stands at €240bn.
Since 2004, Visa Europe has been independent of Visa Inc. and incorporated in the UK, with an exclusive, irrevocable and perpetual licence in Europe. Both companies work in partnership to enable global Visa payments. As a dedicated European payment system Visa Europe is able to respond quickly to the specific market needs of European banks and their customers - cardholders and retailers - and to meet the European Commission’s objective to create a true internal market for payments.
For more information, please visit visaeurope.com or follow us on LinkedIn and Twitter: @VisaEuropeNews