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    PLDT Aco

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    Wes
    Visa is a multinational financial services company that facilitates electronic payments between financial institutions, merchants, consumers, and businesses globally. It operates the largest retail electronic payments network in the world and provides electronic payment and security solutions. If managing Visa, I would recommend focusing research and development efforts on acquiring innovations that outpace competitors like Mastercard and Paypal. This includes diversifying Visa's global payment processing infrastructure and building out internationally.

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    PLDT Aco

    Uploaded by

    Wes
    36 views1 page
    Visa is a multinational financial services company that facilitates electronic payments between financial institutions, merchants, consumers, and businesses globally. It operates the largest retail electronic payments network in the world and provides electronic payment and security solutions. If managing Visa, I would recommend focusing research and development efforts on acquiring innovations that outpace competitors like Mastercard and Paypal. This includes diversifying Visa's global payment processing infrastructure and building out internationally.

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    PLDT-Aco

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    Visa is a multinational financial services company that facilitates electronic payments between financial institutions, merchants, consumers, and businesses globally. It operates the largest retail electronic payments network in the world and provides electronic payment and security solutions. If managing Visa, I would recommend focusing research and development efforts on acquiring innovations that outpace competitors like Mastercard and Paypal. This includes diversifying Visa's global payment processing infrastructure and building out internationally.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    36 views1 page

    PLDT Aco

    Uploaded by

    Wes
    Visa is a multinational financial services company that facilitates electronic payments between financial institutions, merchants, consumers, and businesses globally. It operates the largest retail electronic payments network in the world and provides electronic payment and security solutions. If managing Visa, I would recommend focusing research and development efforts on acquiring innovations that outpace competitors like Mastercard and Paypal. This includes diversifying Visa's global payment processing infrastructure and building out internationally.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Visa is a multinational financial services company that facilitates electronic

    payment systems throughout the world. It operates the retail electronic payments
    network through the transfer of value and information among financial institutions,
    merchants, consumers, businesses, and government entities. It also provides electronic
    payment, risk management, and payment security solutions to online merchants, digital
    goods transactions services in online games, digital media, and social networks, as well
    as mobile financial services for mobile network operators and financial institutions in
    developing economies.
    Moreover, there are not a lot of financial services company in the Philippines
    which makes the industry an Oligopoly. An oligopoly is an industry which is dominated by
    a few firms. In this market, barriers to entry is high and a few examples of these barriers are
    brand loyalty, patents and a very costly starting capital. Also, in this industry, pricing of the
    product/service shall also undergo in delicate planning since an oligopolistic firm cannot
    raise prices in fear that customers will flee to its competitors.
    If am were a manager in the VISA Company, and as someone who wants VISA
    to be the number 1 leading multinational financial services company in the country,
    provided that we have competitors in the industry such as Mastercard, PayPal and etc
    so I would like to recommend to conduct research and development to acquire
    innovations and that would vanquish its main competitors.
     Acquire Innovations
    o VISA should be more open with other innovations and strategies as
    it only operates an open-loop network. Visa does not make money
    from the merchant discount fees or cardholder membership fees.
    Merchant discount fees are split unevenly between the issuers and
    acquirers depending upon the interchange rate. VISA earns
    revenue only on the payment volume and the transaction volume
    carried out through their cards.
     Diversify
    o VISA should continue to build not only internationally but a global
    processing infrastructure consisting of multiple synchronized
    processing centers. These centers should be interlinked and
    engineered for redundancy. Managing these payment networks and
    diversifying it into other places in the world is a core part of VISA
    operations to ensure a safe, efficient, and consistent service to the
    banks, cardholders, and merchants globally.

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