London, UK, 12 May 2015
Mr Constanza has extensive experience in the telecommunications and technology sector, working across Europe from a base in France. In 1998 he set up Tele2, a new entrant to the telecoms market, before setting up the mobile telecoms business Ten in 2006. Following the sale of Ten to Orange in 2008, Mr Constanza remained with the company, where he created and led the disruptive innovation unit Orange Vallée. He has been a Board member of payments services and terminals provider Ingenico since 2014.
Gary Hoffman, Chairman of the Visa Europe Board, said: “Jean-Louis will bring a passion for innovation to the Visa Europe Board. His career in technology and telecommunications will be of great benefit at a time when payments increasingly become mobile as will his experience of working in both start-ups and large corporates.”
Jean-Louis Costanza added: “I’m very excited to be joining the Visa Europe Board. Technology and innovation are rapidly changing the ways that people pay and be paid. Visa Europe is at the heart of this evolving ecosystem and I look forward to bringing my perspective of working with emerging disruptive technologies and business models.”
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 is at the heart of the payments ecosystem providing the services and infrastructure to 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 is also the largest transaction processor in Europe, responsible for processing more than 16 billion transactions annually – at a rate of 1,622 transactions per second at peak times.
There are more than 500m Visa cards in Europe, while €1 in every €6 spent in Europe is on a Visa card. Total expenditure on Visa cards exceeds €2 trillion annually, with €1.5 trillion spent at point-of-sale.
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 in more than 200 countries and territories.
For more information, visit www.visaeurope.com and @VisaEuropeNews