Bill Hanifin
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28 February 2014
12:37
In a recent public forum, Visa shared updated statistics on its business and thoughts about how the payments markets are developing.
Visa Factoids:
- Visa is the 9th most valuable brand in the world and has 36,000,000 merchants worldwide
- Barron’s rates Visa as the 12th most respected company on the planet
- Visa’s new slogan will be “The best way to pay and be paid for everyone, everywhere.”
Views on the competitive market:
- Most effective competitive “payment platforms”: Amazon, Square, PayPal, MasterCard, UnionPay, MCX
- Primary “commercial networks”: Apple, Google, eBay, MicroSoft, Facebook,LinkedIn
- Companies brining “What’s Next”: SilverLake, TPG, GA, Sequoia Capital, NEA, KPCB, Dwolla, Accel, Braintree, Venmo
- A model for future enterprise: Uber
Merchant evolution:
- Amazon is replacing Wal-Mart as the #1 merchant of Visa
- PayPal is Visa’s 7th largest merchant
- PayPal is moving to cards from ACH because it wants to get along better with the banks
- Square will become a Top Ten merchant this year
