The Visa Europe team has done a tremendous job building a leading payments system that is trusted and respected across Europe, and together we will bring the power of electronic payments to more people, in more places, than ever before.
The reintegration of Visa Europe into its former parent company will provide a welcome fillip for Visa, giving the company access to the lucrative European market, an area it has neglected in recent years. Visa Europe is the largest card network in Europe, issuing over million cards via financial partners in 38 countries. Re-entry into the European market also offers a number of significant opportunities to Visa, such as the rising popularity of contactless payments.
With Near Field Communications technology becoming more prevalent and Visa Inc proactively marketing new mobile partnerships and platforms, the growth of mobile payments across the continent could be significant in the years ahead.
Much of the savings will come from integration of technology. Currently, Visa Europe charges the banks - its owners - less than MasterCard. That is likely to change, analysts said. Chief Executive Charlie Scharf declined to disclose details on pricing in Europe on a call with analysts.
Wedbush Securities analyst Gil Luria was among those who had expected Visa to pay a lower price. Visa, whose shares were down 3.
Visa Inc. For more information, visit our website www. Skip to main content. Visa Europe Visa Europe. Lobbyists with EP accreditation: 0. Meetings with European Commission: Lobbying costs over the years:. Lobbyists declared 5 FTE 7. Lobbyists with EP accreditation.
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