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.
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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
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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.
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Visa ICT Spend by Function
- Data center
- End-user computing
- ICT Service desk
Total ICT Spend by Function, 2021
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Visa ICT Spend by Channel
- Internal development and maintenance (IT staff)
- Technology vendors (direct)
- Local resellers
- ICT services providers/Consulting firms
- Specialist outsourcers
- Systems integrators
Total IT Spend by Channel, 2021
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Visa External ICT Spend by Segment
- ICT services
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- Network and communications
External ICT Spend by Segment, 2021
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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|
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.
National Payments Corporation of India (NPCI)
Magnet by Figg
Very Good Security
Table of Contents
Table of Contents
Digital Transformation Strategy
Innovation Programs and Ventures
Partnership, Investment, and Acquisition Network Map
ICT Budget and Contracts
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.
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