Visa – Enterprise Tech Ecosystem Series
Visa has been focusing on using technologies like blockchain, cloud, and big data to enhance operations and improve customer service. The annual ICT spending of Visa was estimated at $2.9 billion in 2021. A major share of this spending is earmarked for acquiring ICT services, software, and hardware from vendors. It is a global digital payment technology company catering to individual and commercial clients, financial institutions, government entities, and merchants. It facilitates global e-commerce through digital payments and information. The company’s transaction processing network, VisaNet, manages the clearing, authorization, and settlement of payment transactions. Its portfolio consists of payment cards, commercial payments, transaction processing services, digital services, and merchant solutions.
The Visa Digital Transformation Strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. The information included in these reports is sourced from a mix of our very own internal database and authentic secondary research links such as the company’s annual report, presentations, press releases, etc. The report covers an overview of the company, its digital transformation strategies, technology focus areas, technology initiatives, technology introductions, investments, acquisitions, and ICT spending among others.
Digital Transformation Strategies
Visa runs various programs to support disruptive startups aiming to solve industry issues through innovation and new payment solutions. It launched the Fintech Fast-Track Program in Europe along with Contis (a UK-based alternative banking and payment solutions provider). The program enables startups to onboard to Visa’s global network within four weeks and tests their technology solutions with the help of experts. VisaNet connects billions of Visa accounts and can process up to 65,000 transaction messages per second, aided by its modern data centers connected via 1,600 secure network endpoints.
To gain more insights on the digital transformation strategies and initiatives of Visa, download a free report sample
Visa Technology Theme Focus
Visa is utilizing several emerging technologies including blockchain, cloud, and big data to improve operational efficiency, reduce costs and improve the services offered to its customers.
Visa Technology Focus
To know about other technology themes under focus for the company, download a free report sample
Visa Technology Initiatives
Visa forged several strategic technology partnerships and collaborations, technology developments and roll outs, acquisitions, and technology investments over the past few years. For instance, Visa partnered with ANZ and Quest Payment Systems to expand Visa Installments to Australia. This solution allows Australian consumers to access buy now pay later financing through ANZ credit cards.
For more insights on other technology initiatives of Visa, download a free report sample
Visa ICT Spend by Function
- Communications
- Data center
- Network
- Application
- End-user computing
- ICT Service desk
- Management
Total ICT Spend by Function, 2021
For more insights on ICT spending by function, download a free report sample
Visa ICT Spend by Channel
- Internal development and maintenance (IT staff)
- Technology vendors (direct)
- Local resellers
- Telcos
- ICT services providers/Consulting firms
- Specialist outsourcers
- Systems integrators
Total IT Spend by Channel, 2021
For more insights on ICT spending by channel, download a free report sample
Visa External ICT Spend by Segment
- ICT services
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- Network and communications
- Consulting
- Others
External ICT Spend by Segment, 2021
For more insights on external ICT spending by segment, download a free report sample
Visa Digital Transformation Strategies Overview
| Total ICT Spending 2021 | $2.9 billion |
| ICT Spend by Function | Communications, Data Center, Network, Application, End-User Computing, ICT Service Desk, and Management |
| ICT Spend by Channel | Internal Development and Maintenance (IT Staff), Technology Vendors (Direct), Local Resellers, Telcos, ICT Services Providers/Consulting Firms, Specialist Outsourcers, and Systems integrators |
| External ICT Spend by Segment | ICT services, Software (including Cloud SaaS), Hardware (including Cloud Iaas), Network and communications, Consulting, and Others |
| Technology Theme Focus | Blockchain, Cloud, and Big Data |
Scope
This report provides:
- Insight into Visa’s technology activities.
- Insights of its digital transformation strategies and technology center & innovation program.
- Overview of technology initiatives covering partnerships, investments, and acquisitions.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets and major ICT contracts.
Reasons to Buy
- Gain insights into Visa’s technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various partnerships, investments, and acquisitions.
Key Players
Table of Contents
Frequently Asked Questions
The annual ICT spending of Visa was estimated at $2.9 billion in 2021.
The key ICT spending categories by function for Visa are communications, data center, network, application, end-user computing, ICT service desk, and management.
The key ICT spending categories by channel for Visa are internal development and maintenance (IT staff), technology vendors (direct), local resellers, telcos, ICT services providers/consulting firms, specialist outsourcers, and systems integrators.
The key external ICT spending categories by segment for Visa are software (including cloud SaaS), hardware (including cloud IaaS), network and communications, consulting, and others.
The key technological theme in focus for Visa are blockchain, cloud, and big data.
Get in touch to find out about our multi-purchase discounts
reportstore@globaldata.com
Tel +44 (0) 20 7947 2960
Every customer’s requirement is unique. We understand that and can customize the report basis your exact research requirements pertaining to market insights, innovation insights, strategy and planning, and competitive intelligence. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report.
Still undecided about purchasing this report?
Testimonial
“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.
GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”
“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”
Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.
Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.