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San Francisco, July 31: : processing platform and payments network to make money transfer between the 1.6 billion Visa cards around the world safe, convenient and reliable. To this end, Visa is continually enhancing existing programs and developing new services. Work underway includes technology infrastructure improvements to support global processing of card-based remittances, and to open new channels through which remittances can be sent and received, including through financial institution branches, the internet, mobile devices and Visa's global ATM network.
As a global company, operating the world's largest electronic payments network, Visa Inc. is uniquely positioned to deliver flexible services that meet the demand for money transfer services and to support the introduction of Visa Money Transfer service to new geographies in key domestic and cross-border money transfer corridors.
About Visa Inc.: Visa Inc. operates the world's largest retail electronic payments network providing processing services and payment product platforms. This includes consumer credit, debit, prepaid and commercial payments, which are offered under the Visa, Visa Electron, Interlink and PLUS brands. Visa enjoys unsurpassed acceptance around the world, and Visa/PLUS is one of the world's largest global ATM networks, offering cash access in local currency in more than 170 countries. For more information, visit www.corporate.visa.com.
(1) The World Bank, "Migration and Development Brief," by Dilip Ratha, Sanket Mohapatra, K. M. Vijayalakshmi and Zhimei Xu, November 29, 2007
(2) US$27 billion in 2007, ibid...
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