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Mumbai, 16 January 2006 – Visa International, India’s
leading payment brand and the largest payment system worldwide today
announced that it has expanded its business operations in India
by establishing a third office in New Delhi. Visa has expanded its
operations in India to meet growing volumes and card numbers and
to increase the spread of innovative Visa initiatives introduced
in India over the past year. Visa’s India operations are headquartered
in Bangalore with an office in Mumbai.
Commenting on the inauguration of the new Visa office in New Delhi,
Santanu Mukherjee, Country Manager – South Asia, Visa International
Asia Pacific said, “Visa clearly occupies the leadership position
in India and over the recent past has set the pace for new product
and service development in the Asia Pacific region. In keeping with
the buoyancy of the Indian economy, Visa has been playing an active
part in the payment industry’s consistent growth rate across
all key parameters. The establishment of an office in New Delhi
is a key strategic component to further enhance our business in
the country. The New Delhi office will manage Visa member bank relationships
in north India and provide our member banks and partners with a
range of services and technology to enable them to provide superior
payment options to their customers.
“Over the last year, Visa has introduced some groundbreaking
offerings in India. These include Visa Bill Pay, Visa Money Transfer,
Visa Mobile Top Up and Visa Zero Liability among others – many
of these are now being subsequently launched in other Asia Pacific
markets. These initiatives are in line with Visa’s commitment
to developing and introducing products that are not restricted to
a particular payment segment or channel but can be used in multiple
environments and for multiple payment types and services. Today,
Visa is no longer considered to be just a credit card company, but
today offers a variety of payment products, including credit, debit,
prepaid, and products in the Internet and mobile space,” Mukherjee
added.
About Visa
Visa connects cardholders, merchants and financial institutions
through the world's largest electronic payments network. Visa products
allow buyers and sellers to conduct commerce with ease and confidence
in both the physical and virtual worlds. As an association owned
by 21,000 member financial institutions, Visa is committed to the
sustained growth of electronic payment systems to support the needs
of all stakeholders and to drive economic growth. For more information,
visit www.corporate.visa.com.
Visa Asia Pacific
In Asia Pacific, Visa has a greater market share than all other
payment card brands combined with 62 percent of all card purchases
at the point of sale being made using Visa cards. There are currently
265.9 million Visa-branded cards in the region. For the 12 months
ended September 2005, US$509 billion was spent at point of sale
or withdrawn from ATMs in Asia Pacific using Visa cards. Visa Asia
Pacific's Internet address is www.visa-asia.com.
For further information, please contact:
Ophira Samuel - Bhatia/ Melanie D’sa
R&PM:Edelman (Mumbai)
Tel # 022 2281 0168-72
Fax # 022 2284 6523
Email: ophira.samuel@rnpmc.com/ melanie.dsa@rnpmc.com
Dinelle Gonsalves
R&PM:Edelman
Manek Mahal, Veer Nariman Road,
Churchgate,
Mumbai - 400 020, India
Tel: +91 22 2281 0168~72
Fax: +91 22 2281 0149~50
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