Visa Launches Money Movement Advisory Practice in North America

8/27/2024


  • New service leverages Visa’s payments expertise to help clients and partners simplify complex financial transactions in a digital-first world

SAN FRANCISCO--(BUSINESS WIRE)--Aug. 27, 2024-- Visa (NYSE: V), a world leader in digital payments, today announced the launch of its Money Movement Advisory Practice in the United States and Canada. The new value-added service, offered by Visa Consulting & Analytics (VCA), the payments consulting advisory arm of Visa, focuses on helping clients and partners navigate the increasingly sophisticated money movement industry and capture opportunities that are estimated at $200T1 globally.

Visa's Money Movement Advisory Practice is a strategic response to the increasing demand for frictionless payments and mobile experiences. 'Money Movement,’ which encompasses multiple ways to facilitate the transfer of funds across various platforms and channels, has emerged as a frequent area of client inquiries. Visa's Money Movement solutions, including the Visa Direct network, enhance real-time, secure transactions globally for both low and high-value payments. These solutions help clients reach up to 8.5 billion endpoints across more than 190 countries and territories, in 160 currencies, fostering a more innovative financial ecosystem.

"Clients are actively seeking effective strategies to meet the increasing customer demand for quick, reliable payments," said Kate Manfred, North America Head of Advisory Services at Visa. "Visa can be their strategic partner, offering innovative solutions for money movement that will drive new sources of growth and customer retention.”

Leveraging VCA's extensive network of over 1,300 consultants, data scientists, technology developers, and product designers across 75 offices globally, the new practice will focus on assisting clients with their top Money Movement priorities, such as strategy definition and user experience optimization. Additionally, VCA Implementation Support and Services is critical for clients looking to utilize Visa’s Money Movement solutions and can help to accelerate product integration, time to market, and adoption.

VCA’s Money Movement Advisory Practice in North America is the newest addition to its roster of specialty practice areas, joining the recently established global AI Advisory Practice that guides clients in better understanding how to leverage artificial intelligence (AI) and generative AI (Gen AI) effectively.

To learn more about how Visa Consulting & Analytics can help clients navigate shifts in Money Movement, click here.

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

1 McKinsey Global Payments Map 2022, 2022 EY Visa Direct Global Market Sizing Study, Visa analysis. Figures exclude China domestic and Russia PV.

Julianna Bryan
jbryan@visa.com

Source: Visa Inc.