Companies Owned by Visa Inc.

Companies Owned by Visa Inc: Visa Inc. is one of America’s largest companies that constructs and manages a worldwide payment network. The regional office is located in San Francisco, California, the United States. Visa performs its main business function by organizing electronic financial operations mostly through the Visa logo cards such as Visa-branded credit cards, debit cards, and prepaid cards. These cards are accepted as a form of payment all around the world by consumers as well as businesses doing payments and transfers electronically. Visa is considered as one of the highest-valued corporations in the world thanks to the expansive volumes of transaction processing which is of great importance.

Do you know, How many companies Visa Inc. owns? In this article, we will discuss the Companies Owned by Visa Inc.

Companies Owned by Visa Inc. Highlights

Here are the highlights of the Visa Inc. in the table given below:

Companies Owned by Visa Inc. Highlights
Company Name	Visa Inc.
Founder	Dee Hock
Founded In Year	1958
Headquartered	San Francisco, California
Total Acquisition	19
Net Worth	$556.77 billion
Largest Shareholder of Visa	BANK OF AMERICA CORPORATION
Numbers of Countries (Operates)	200+
Notable Acquisition	Visa Europe (Dec, 2015) Pismo (Jul, 2023) Payworks (Aug, 2019)
Recent Acquisition	PROSE (Jan, 2023) Pismo (Jul, 2023) Currencycloud (Aug, 2021)

Visa Inc. History

The Bank of America (BofA) launched the BankAmericard, which is now known as Visa card, in 1958. In the beginning it was very difficult to implement the BankAmericard – many borrowers were late with payments and there was a vast amount of fraud with cards. However, the executives were fixing the problems of the card and it had become profitable by 1961.

Over the following years, BofA started letting other banks use the BankAmericard system. This created a network of banks supporting the card, first across the United States and then internationally. In the late 1960s, the banks in this network formed their own organization, National BankAmericard Inc. (NBI), to manage the card.

A similar international organization, IBANCO, was created for the banks using the card outside the US. In 1976, these organizations united all the different versions of the card under the new Visa name. The transition to the Visa brand was completed by 1979. Visa has since grown into one of the biggest payment networks worldwide. In 2022, Visa suspended its operations in Russia after the country’s invasion of Ukraine.

Visa Inc. Business List

1. Core Products: Credit, Debit & Prepaid

2. Risk & Identity Solutions

3. Open Banking

4. Advisory Services

5. Visa Commercial Solutions

6. Tokenization

7. Visa Direct

8. Issuing Solutions

9. Accpeting Solutions

Top Companies Owned by Visa Inc.

Check the list of top companies owned by Visa Inc. in the table given below:

Top Companies Owned by Visa Inc. (Notable Acquisitions of Visa)
Company Name	Aquision Date	Price	Founded & Acquired	Founder & CEO
Visa Europe	Nov 02, 2015	$23.4B	2004	Steve Perry
Pismo	Jun 29, 2023	$1B	2016	Ricardo Josua, Daniela Binatti, Juliana Motta, and Marcelo Parise
Payworks	Jul 17, 2019	NA	2012	Barb Gamey
Aeroplan	Aug 21, 2018	$1.84B	1984	Ken Engels Henriksen
Fundamo	Jun 08, 2011	$110M	2000	Hannes van Rensburg
PROSA	Dec 15, 2023	NA	2017
Pismo	Jun 29, 2023	$1B	2016	Ricardo Josua and Daniela Binatti
Currencycloud	Jul 22, 2021	$963M	2012	Nigel Verdon, Rich Arundel, and Stephen Lemon

Conclusion

Visa Inc. is a global leader in the payment processing industry, owning and operating a vast network of financial transactions worldwide. Its many acquisitions made during the years, Visa has expanded its reach and capabilities, absorbed companies in various areas such as open banking, tokenization, and currencies swap. Famous acquisitions include Visa Europe, Pismo, Payworks, and Currencycloud which have enabled Visa to become one of the most important and influential companies in the financial technology area. Visa’s growth and strategic investments are proof of its ambition to create fresh and advanced payment options which will be available to global consumers as well as businesses.

Companies Owned by Visa Inc. FAQs

Who is the largest shareholder of Visa?

BANK OF AMERICA CORPORATION is the largest shareholder of Visa.

Who owns Visa Inc.?

Visa’s (V) stock extends a mix of institutional, retail and individual investors as its ownership base. When looking at the ownership, it’s clear that Institutional Investors own a sizeable 77.75% of the company’s stock while Insiders have the least owning only 0.15%. And lastly, Public Companies and Individual Investors come in at 22.09%.

Who is the parent company of Visa Inc?

Bank of America (BofA) is the parent company of Visa Inc.

Who is Visa’s largest competitor?

PayPal, Stripe are the largest competitor of Visa Inc.