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Visa is a leading global digital payments technology company facilitating transactions and money movement worldwide.
Visa is a leading global digital payments technology company that facilitates secure transactions and money movement across over 200 countries and territories. Their core service is the VisaNet transaction processing network which connects consumers, merchants, financial institutions, and government entities, offering an array of payment products including credit, debit, prepaid, and digital wallets. Visa aims to migrate traditional cash payments to digital formats while continuing to innovate through partnerships with fintech and traditional banking institutions, thus enhancing the overall payments ecosystem.
In fiscal year 2023, Visa processed an astounding 276 billion payments and cash transactions, with a significant portion occurring on their proprietary VisaNet. The company is not a financial institution and does not directly issue cards or extend credit; rather, it focuses on providing the infrastructure for payment processing and value-added services, such as fraud prevention, risk management, and analytics. Visa is committed to advancing digital payments and maintaining a strong brand presence through sponsorships and partnerships that enhance its visibility in the marketplace.
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