Visa Inc. Completes Acquisition of Visa Europe

SAN FRANCISCO & LONDON, UK--Jun. 21, 2016--Visa Inc. (NYSE: V) today announced the completion of its acquisition of Visa Europe Ltd.

The combined, global company provides digital payment products, services and processing to about 17,100 financial institution clients and partners, more than 40 million merchant outlets, and 3 billion Visa accounts worldwide. Visa–branded cards and payment products enable approximately $6.8 trillion in global payments volume annually.

In addition, Visa Inc.’s Board of Directors (the “Board”) announced today that it appointed Gary A. Hoffman, CEO of Hastings Group, as a Board member of Visa Inc. He is currently a director and Chairman of Visa Europe Limited. This brings the Board to twelve members.

Mr. Hoffman has been the Chief Executive Officer of Hastings Group, a UK insurance provider, since November 2012. Prior to this role, Mr. Hoffman was Chief Executive Officer of NBNK Investments, an investment vehicle formed in August 2010 to establish personal and business retail banking in the UK, from 2011 to 2012. He also served as Chief Executive Officer of Northern Rock PLC, from 2008 to 2010 and Vice Chairman of Barclays PLC, from 2006 to 2008. Prior to that, he served in various other roles at Barclays Group, including Chairman of UK Banking and Barclaycard at Barclays PLC and Chief Executive Officer of Barclaycard.

"Me complace dar la bienvenida a Gary Hoffman a la Junta Directiva," ha señalado Charlie Scharf, consejero delegado de Visa Inc. "El profundo conocimiento que Gary tiene de la industria de los sistemas de pago y de la banca europeas aportará una perspectiva importante a la Junta Directiva de Visa Inc. y será de gran valor en el desarrollo de nuestro negocio en Europa".

Gary Hoffman ha señalado: "Es emocionante ser parte del nuevo capítulo en la historia de Visa. Como negocio Visa Europe ha obtenido unos resultados muy buenos y en conjunto con Visa Inc. ofrecerá a los clientes europeos mayor acceso a escala global, recursos adicionales para la innovación y capacidades más amplias necesarias para seguir ofreciendo los mejores servicios de pago a sus clientes".