Visa is a global payments #technology company that facilitates electronic fund transfers throughout the world. As one of the largest payment networks, Visa plays a critical role in the modern financial ecosystem. Here are the key details about Visa: Overview - Visa was founded in 1958 and is headquartered in Foster City, California [[United States of America (USA)]]. - It operates the world's largest retail electronic payments network, enabling transactions between consumers, merchants, financial institutions, and government entities. Payment Network - Visa's network connects over 200 countries and territories, allowing cardholders to use their Visa cards for purchases and cash withdrawals worldwide. - The Visa payment network processes over 150 billion transactions annually, representing trillions of dollars in volume. - Visa does not issue cards directly to consumers; rather, it partners with financial institutions who issue Visa-branded debit, credit, and prepaid cards. Products and Services - The primary Visa products include credit, debit, and prepaid cards, as well as mobile and digital payment solutions. - Visa also offers a range of services to support its payment ecosystem, such as fraud prevention, data analytics, and processing infrastructure. - In addition, Visa provides various commercial and corporate payment solutions tailored for businesses, governments, and institutions. Revenue Model - Visa generates revenue primarily through transaction fees charged to merchants, as well as fees paid by financial institutions that issue Visa cards. - As a technology and payments company, Visa does not take on any consumer credit risk, instead earning revenue based on the volume and value of transactions processed. Visa plays a pivotal role in global commerce by providing a secure, reliable, and ubiquitous electronic payments network. Its extensive reach, technological capabilities, and partnerships with financial institutions make it a dominant force in the digital payments landscape.