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    Visa Europe

    News stories featuring Visa Europe:

    Visa amends financial details of Visa Europe acquisition

    April 25th, 2016

    Visa has reached a preliminary agreement to amend the transaction details of its Visa Europe acquisition in response to feedback from the European Commission. “Instead of an earn-out, the cash consideration payable in the transaction will be increased by €1.75 billion — €750m payable upon closing and €1bn, plus 4% compound annual interest, payable on the third anniversary of closing,” Visa says.

    Visa Europe reports “significant growth” in higher value contactless transactions

    April 4th, 2016

    The increase in the UK contactless card payment limit from £20 to £30 has had “a transformative effect” on consumer spending habits, according to Visa Europe, with contactless transactions over £20 seeing an average monthly… More

    Visa Europe launches ‘Cashfree and Proud’ campaign

    March 21st, 2016

    Visa Europe has enlisted the help of UK actors Brian Blessed and Joanna Lumley to promote contactless payments through a ‘Cashfree and Proud’ campaign that will run from March to May. “The campaign is focused on encouraging consumers who are light contactless users, or those who are yet to use contactless in their daily lives, reassuring them of the ease and simplicity of use,” Visa says. “The campaign includes ads across radio, digital, social and outdoor, at high impact sites.”

    Visa Europe adds support for cloud-based credentials to tokenization service

    February 16th, 2016

    Visa Europe has expanded its tokenization service to include support for services where payment credentials are stored in the cloud — such as banks’ own mobile payment apps, wearables and other connected devices — as… More

    Visa reports 250% growth in UK contactless transactions

    January 26th, 2016

    Contactless now accounts for one in seven Visa transactions across the UK, up from one in 25 a year ago, the payment network has revealed, with contactless payments growing 250% year-on-year and 60% of transactions occurring outside London. “Almost 460,000 terminals across all of the UK are now ready for face-to-face contactless and mobile payments,” says Visa Europe’s Kevin Jenkins.

    Visa contactless hits million-trips-a-day landmark in London

    January 14th, 2016

    Visa cardholders made more than a million contactless journeys on London’s transport network on a single day in the lead up to Christmas, Visa Europe has revealed. “In December alone, Visa Europe saw a 166% annual… More

    Swatch confirms payment watch launch in US, Switzerland and Brazil

    November 30th, 2015

    Swiss luxury watchmaker Swatch has confirmed that it has signed an agreement with Visa and Visa Europe to enable eligible cardholders in the US, Switzerland and Brazil to tap and pay with the Swatch Bellamy watch. More

    Visa to acquire Visa Europe

    November 3rd, 2015

    Visa has confirmed it is to acquire Visa Europe for an upfront consideration of €16.5bn with a potential additional earn-out of up to €4.7bn. “The transaction is subject to regulatory approvals and is expected to close in Visa Inc’s fiscal third quarter of 2016,” Visa says.

    Irish make over 2m contactless payments every month

    October 20th, 2015

    People in Ireland are now making over two million contactless transactions with Visa debit cards every month, Visa Europe has revealed, representing a rate of one contactless payment per second. “Adoption and usage of contactless cards in Europe continues to grow, most recently marked by more than one billion transactions across Europe in the last 12 months,” the payment network says.

    Carrefour Belgium to roll out contactless terminals

    September 14th, 2015

    Supermarket giant Carrefour Belgium has teamed up with Visa Europe and transaction services provider Worldline to roll out contactless payments in 747 stores across the country by the end of this year. “This is a unique momentum in the Belgian payment sector as it is the first time that a large retail store is proposing consumers to pay contactless,” Carrefour says.

    Vodafone Turkey expands NFC mobile wallet

    September 9th, 2015

    Vodafone Turkey has partnered with Visa Europe to let its users link a Visa card to its Vodafone Cep Cüzdan NFC mobile wallet. “Previously, customers have had to go into a Vodafone store or a post office to top-up,” Vodafone told NFC World. “Now, they will be able to link a Visa card to their Mobile Cash Card and send payments to it more easily.”

    Payments boost from contactless limit rise

    September 1st, 2015

    The UK contactless limit increase from £20 to £30 could enable an extra three million Visa contactless transactions a day, worth more than £70m, Visa Europe says. “Supermarkets, clothes retailers, department stores and pharmacy chains will benefit the most from the increase,” the payment network says. Contactless now accounts for one in 11 in-store Visa transactions, it adds.

    Brits spend £2.5bn with contactless in first half of 2015

    September 1st, 2015

    More than £2.5bn (US$3.8bn) was spent using contactless cards in the UK in the first half of 2015 compared to £2.32bn (US$3.55bn) for the whole of 2014, research from The UK Cards Association reveals as… More

    Visa signs up 2,300 financial institutions for Visa Token Service

    July 24th, 2015

    More than 2,300 financial institutions and banking partners have now signed up for Visa’s tokenization service with international expansion set to happen “in the fall”, Visa has revealed during a third quarter earnings call. The… More

    Apple Pay goes live across the UK

    July 14th, 2015

    Apple Pay is now live across the UK, enabling consumers with iPhone 6, iPhone 6 Plus and Apple Watch devices to make NFC mobile payments at more than 250,000 locations and across the Transport for… More

    Europeans make more than 1bn Visa contactless transactions in 12 months

    July 6th, 2015

    More than one billion contactless transactions worth in excess of €12.6bn have been made by Visa cardholders across Europe in the past 12 months, research from Visa Europe has found, with its customers spending €1.6bn… More

    Apple Pay users in UK will be able to make payments above contactless card limit

    June 10th, 2015

    Customers who choose to use Apple Pay when the service launches in the UK will be able to use the mobile payments service to make transactions over the current contactless limit of £20 (US$30) at… More

    Visa Europe to participate in Apple Pay UK launch

    June 8th, 2015

    Visa Europe has confirmed that it will play a part in the the UK launch of Apple Pay and will give debit, credit and reloadable prepaid cardholders access to the payment system. “Visa Europe would like to confirm that it is part of the Apple Pay launch in the UK coming at the beginning of July,” the payment network says. “Further details and information will be shared shortly.” MasterCard revealed last week that it was ready to switch on Apple Pay in Europe.

    One in five Europeans expect to make daily mobile payments by 2020

    June 4th, 2015

    One in five Europeans expects to use their mobile phone to make payments on a daily basis by 2020, growing from the one in ten who do so already today, research from Visa Europe has… More

    Visa in talks over $20bn Visa Europe acquisition

    May 12th, 2015

    Visa is in preliminary talks to buy former subsidiary Visa Europe in a deal that may be valued at as much as US$20bn. “The talks, which began when Visa approached Visa Europe, are at an early stage and could fall apart if the two sides can’t agree on a price,” Bloomberg reports. “Visa Europe is owned by more than 3,000 European banks and has a put option that would force its former parent to buy it within about nine months if at least 80% of its board agrees.”

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