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Visa Inc. completes acquisition of Visa Europe

Staff writer ▼ | June 21, 2016
Visa Inc. completed its acquisition of Visa Europe Ltd. The combined, global company provides digital payment products to about 17,100 clients, 40 million merchant, and 3 billion Visa cards worldwide.
Payment   $6.8 trillion in global payments volume annually
Visa–branded cards and payment products enable approximately $6.8 trillion in global payments volume annually.

Visa said in Novermnber last year it would buy former subsidiary Visa Europe for up to $23.3 billion.

Visa said it was targeting savings of $200 million from the deal in 2020, a 30 percent reduction from the current run rate. Much of the savings will come from integration of technology.