Domestic Solutions
Realizing a Global Economy
In some countries, governments and central banks are looking for ways to integrate themselves into the global economy by fostering the deployment and use of electronic payments domestically. VisaNet’s centralized, modular network is a viable solution. Visa is able to offer a complete, customizable domestic processing package, tailored to needs of specific countries.
Visa has recently invested in domestic processing services through a joint venture called Visa Processing Services (VPS), extending our industry-leading processing capabilities in some of the fastest-growing payments regions in the world, including Asia-Pacific, Latin America, Canada, Eastern Europe, Africa and the Middle East. Visa domestic processing services serve the distinct needs of financial institutions, governments, businesses, merchants and consumers and provide greater efficiency, transparency, accountability and control.
Emerging Economies, Electronic Efficiencies
VPS provides the most sought-after aspects of electronic payments for emerging economies. The system offers multi-currency and multi-language debit, credit and prepaid processing services to financial institutions, processors and other payment companies. VPS extends the benefits of Visa payments and services to domestic transactions, allowing these regions to rapidly join the global economy.
Reach, Breadth, Impact
VPS can offer more sophisticated services to customers in emerging economies, supporting financial institutions that want to issue credit, debit or prepaid accounts to consumers and operate ATM networks. VPS can also provide money transfer services and even private label processing. These can be supplemented with a wide range of services already in use across the broader VisaNet network, including risk and fraud management, mobile applications, loyalty programs and account holder support.
