Visa Inc. completes acquisition of Visa EuropeStaff 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 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. ■