Visa – Enterprise Tech Ecosystem Series

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Published: April 28, 2023 Report Code: GDFS0707CA-ST

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Visa has been focusing on using technologies like AI, cybersecurity, blockchain, cloud, and big data to enhance operations and improve customer service. The annual ICT spending of Visa was estimated at $3.6 billion in 2022. 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 ecommerce through digital payments and information. The company’s transaction processing network, VisaNet, manages 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. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, technology initiatives, technology introductions, investments, acquisitions, 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 test their own 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 digital transformation strategies and initiatives of Visa, download a free report sample

Visa Technology Theme Focus

Visa is utilizing a number of emerging technologies including AI, cybersecurity, blockchain, cloud, and big data to improve operational efficiency, reduce costs and improve the services offered to its customers.

Visa Technology Focus

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
  • Service desk
  • Management

Visa ICT Spend by Function, 2022

Visa ICT Spend by Function, 2022

For more insights on ICT spending by function, download a free report sample

Visa ICT Spend by Channel

  • Internal development and maintenance
  • Technology vendors (direct)
  • Local resellers
  • Telcos
  • ICT services providers/Consulting firms
  • Specialist outsourcers
  • Systems integrators

Visa ICT Spend by Channel, 2022

Visa ICT Spend by Channel, 2022

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

Visa External ICT Spend by Segment, 2022

Visa External ICT Spend by Segment, 2022

For more insights on external ICT spending by segment, download a free report sample

Visa Digital Transformation Strategies Overview

Total ICT Spending 2022 $3.6 billion
ICT Spend by Function Communications, Data Center, Network, Application, End-User Computing, Service Desk, and Management
ICT Spend by Channel Internal Development and Maintenance, 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 AI, cybersecurity, 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.

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Table of Contents

Overview

Digital Transformation Strategy

Accelerators, Incubators, and Other Innovation Programs

Technology Focus

Technology Initiatives

Investments

Acquisitions

Partnership, Investment, and Acquisition Network Map

ICT Budget and Contracts

Key Executives

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