Visa Volume Grew 19% in Latin America

Visa Inc. (NYSE: V) total volume on all Visa-branded products in Latin America and the Caribbean Region (LAC) grew 19 percent over the previous year to US$581 billion1 for the year ending on June 30, 2009. Likewise, the number of payment transactions for the same period surpassed the 5 billion mark, reflecting a constant trend in the migration from cash to electronic payments for day- to-day transactions.

For the quarter ending on June 30, 2009, Visa LAC reported a 15 percent growth in total volume versus the same quarter last year, for a total of US$150 billion. Recent Visa announcements in the region include the introduction of Near Field Communications (NFC) payment technology in Brazil, and the launch of Financial Football in Brazil and Mexico, an innovative corporate social responsibility program that leverages the use of video games for educational purposes.