Visa Grows Digital Payment Footprint With BillDesk Investment in India
Visa Inc. (NYSE: V) is the world’s leader in digital payments. Their mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Their advanced global processing network, VisaNet, provides secure and reliable payments around the world and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying their brand, products, people, network and scale to reshape the future of commerce.
Visa recently announced that it has made a minority investment in BillDesk, a top platform for online and bill payments in India. The collaboration with BillDesk comes as an effort to develop new product line for payments and expand Visa’s global footprint.
“As a leading payments player in India, BillDesk has been a long time business partner to Visa. Having worked with BillDesk’s founders over the years, the Visa leadership has been consistently impressed with their vision, market knowledge and execution capabilities, as well as alignment on values. This investment further reinforces our long-term commitment to India’s digital payments growth story.” – Asia Pacific regional president, Chris Clark
Visa has previously partnered with and invested in other technology and financial service businesses across the globe. Some prior investments include the likes of Paidy, Behalf, Marqueta, Payworks, Klarna, LoopPay, and Square and Stripe.
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