Visa, a publicly owned corporation headquartered in the United States, was founded in 1958 and employs approximately 24,980 individuals. The company reported $40.0B in revenue as of 2025. As an American multinational payment card services corporation specializing in IT services and IT consulting, it facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards, and prepaid cards.
On July 31, 2026, Visa's global workforce reduction of approximately 7%, impacting around 2,600 employees, drew scrutiny as a former employee stated on social media that high-performing staff, including a manager and an entire team in Bengaluru, were affected. This restructuring targets the payments giant's technology and product divisions, with management aiming to streamline operations and reallocate resources towards high-growth opportunities. Earlier on the same day, Visa appointed Anne Kinuthia-Otieno, previously Airtel Money Kenya Managing Director, as its new Vice President and Head of East Africa. Effective August 4, 2026, Kinuthia-Otieno will lead Visa's operations across seven East African markets from Nairobi, focusing on expanding digital payments and financial inclusion in the region.
Subscribe for full access to Visa's products in full detail 
