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This statistic highlights Visa’s Payments Volume by Region (Credit and Debit) split between the Asia Pacific, Central Europe Middle East and Africa (CEMEA), Canada, Europe, Latin America, and Caribbean (LAC), and the United States, reported annually from 2013 onwards.
Visa Inc. is an American multinational company that provides financial services and facilitates electronic fund transfer mainly through Visa-branded debit cards, credit cards, and prepaid cards. The company faces tough competition from MasterCard, Union Pay International, PayPal, Capital One, and American Express.
Visa’s Payments Volume by Region (Credit and Debit)
Visa Inc. generated payments volume from the following regions:
|Region||Payments volume in 2019||Payments volume in 2020||Payments volume share in 2020|
( All figures in billion, except percentages)
Payment volume is defined as the total number of payment transactions processed by the authorized payment institution. Visa’s credit and debit payment volume is the total dollar value of Visa sales processed by a merchant on credit and debit cards. Visa’s debit payment volume refers to debit payments done by financial institutions, consumers, and small businesses to purchase goods and services by using funds available in their bank account. Whereas Visa’s credit payment volume allow consumers and businesses to access credit to pay for goods and services
According to the graph, Visa’s total payments volume has increased consistently year over year, from $4293 billion in 2013 to $11,347 billion in 2020. During these 7 years, it has increased by 164.31 percent. The digitalization of financial services is the driving force behind Visa Inc.’s success.
Visa’s total payments volume increased by 29.31% from $8,775 billion in 2019 to $11,347 billion in 2020.
Visa’s payments volume grew 12.74% in Asia Pacific from $1,946 billion in 2019 to $2,194 billion in 2020. 19.34% of total payments in 2020 were done in the Asia Pacific region.
Central Europe Middle East and Africa (CEMEA)
Visa witnessed the highest payments volume growth of 140% on a year-over-year basis from $480 billion in 2019 to $1,152 billion in 2020 from this region. CEMEA regions contributed 10.15% of payments volume share in 2020.
Visa witnessed the lowest payments volume share of 2.49% in 2020 from this region. Canada region also shows the lowest payments volume growth of 5.20% from $269 billion in 2019 to $283 billion in 2020.
Visa’s payments volume grew 29.38% in Europe region from $1,705 billion in 2019 to $2,206 billion in 2020. This region contributed 19.44% of payments volume share in 2020.
Latin America and Caribbean (LAC)
Visa witnessed the second-highest payments volume growth of 98.10% on a year-on-year basis from the LAC region. The payments volume increases from $422 billion in 2019 to $836 billion in 2020. In 2020, this region contributed only 7.37 % of total payments volume.
The United States contributed the highest payments volume share of 41.21% amounting to $4676 billion in the year 2020. Visa’s payments volume grew 18.29% in this region from $3953 billion in 2019 to $4676 billion in 2020.
In the fiscal year, 2020 Visa’s total credit payment volume in the United States region was $1957 billion which decreased by 4.67% from the fiscal year 2019. Whereas Visa’s total debit payment volume was $2128 billion in the fiscal year 2020 which grew by 12.24% year-over-year from the fiscal year 2019.
Visa Inc. was founded in 1958 by Dee Hock as Bank AmeriCard Credit Card program. In 1978, it was renamed Visa. Its headquarters is in Foster City, California, United States. The company earns revenue by providing payment services to consumers, merchants, financial institutions, businesses, strategic partners, and government entities through innovative technologies across more than 200 countries and territories worldwide.
Visa is the world’s second-largest card payment company (both debit and credit cards combined) after being surpassed by China’s Union Pay in 2015. The company holds a 60% market share of credit and debit cards in the world. Visa is considered the most dominant banking card company in the rest of the world, where it commands a 50% market share of total card payments. Visa offers various types of cards- Visa Platinum, Visa Gold, Visa Classic, Visa Corporate, Visa Business, and Visa Infinite.
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