What It Does: Visa is into issuing credit and debit cards, funds disbursement, financial consulting & analytics, risk solutions, payables automation, business reporting, fraud prevention, security & compliance, and business solutions.
Mission: Visa’s mission is to uplift everyone everywhere by being the best payment service platform.
Size and Presence: Visa has a modest workforce in its London office.
Best Known For: Visa is widely regarded as a leading financial solutions provider and one of the most valuable brands in the world. Visa is the second biggest card-payment firm in the world in terms of the number of issued cards and the yearly value of card transactions. This company is best known for its quick, reliable, and secure payment processing system.
The Good Bits: Visa offers excellent benefits and incentives to its workers. The company has a healthy culture. The work-life balance is good. The management staff is supportive and easy to work with.
The Not-So-Good Bits: N/A.
The origin of this company dates to 1958, when the Bank of America introduced its credit card program in California. The bank mass-mailed thousands of unsolicited credit cards to the American populace. It was the first successful attempt at the creation of an all-purpose card. Previous attempts were carried out by smaller banks. In the 60s, the BOA licensed the card program to other banks in other countries to issue cards with their brand names. In 1970, the BOA was no longer in control of its card program. The other banks issuing the card assumed control of the program and created National BankAmericard Inc., a Delaware-based firm that will manage, promote, and develop the card system within the states.
The different localised names of the card were united under the name "Visa" in 1976, and National BankAmericard Inc was renamed Visa USA. The name was believed to attract universal acceptance and be recognisable in several languages worldwide. Visa has grown to become one of the leading card issuers and payment organisations globally, with a workforce of more than 26,000 employees across the world. When Russia invaded Ukraine this year, Visa suspended all its operations in the country.
The company's culture is founded on four core values, namely Belonging at Visa, Growing & Developing, Driving Positive Change, and Tracking its Progress. At Visa, everyone learns and grows. The company has created an inclusive work environment with employee resource groups and networks to ensure everyone feels at home and like they're a part of the community. These networks include Visa Asian Network, Visa Indian Alliance, Visa Black Employees, Visa Hispanic and Latino Employees, Visa Employees with Disabilities, Visa Women's Network, and Visa Pride (LGBTQ+), among others. With a family for every employee, no one can feel out of place. The company also holds a global Diversity & Inclusion Summit for its employees. The company's dress code is business casual.
The company has various career development programs, namely Visa Black Scholars and Job Programme, which is designed to sponsor promising black undergraduates. Students who meet the commitments are assured of full-time employment when they graduate. During their tenure in school, these students are trained through placement programs, internships, and mentorship opportunities. There are also Rotational Programmes such as People Team Development Programme, Visa Leadership Accelerator, Visa Champions Program, Associate Product Manager, and Client Services Development Program. The company also offers an internship programme that provides its interns with the opportunity to take on challenging jobs or projects and make a real impact in the organisation.
A fresher working at Visa will earn an average annual pay of ₤50,000.
Visa has provided financial donations to small and micro businesses in the UK. The company also provided emergency relief during the pandemic. Visa is involved in women's empowerment.
There's no widely published controversy involving Visa in the UK.