VGS, The World's Leader in Payment Tokenization, Celebrates A Decade of Payments Innovation and 5 Billion Tokens Stored

Business Wire

5 hours ago

SAN FRANCISCO--(BUSINESS WIRE)-- VGS, The World's Leader in Payment Tokenization and a trusted credential management platform for global businesses, celebrates the 10-year anniversary of its founding. In addition to celebrating 10 years of payment innovation, VGS has proudly reached another significant milestone: surpassing 5 billion tokens stored.
'We can't be more proud of the milestones achieved,' states VGS CEO Chuck Yu. 'But we're even more excited about continuing the growth we've seen in the last few years, including this year, which is our best year on record. We plan to continue introducing new network services, additional solutions to agentic commerce, and expand our international reach, setting us up for unprecedented growth over the next 12 months.'
VGS has continuously leveraged emerging technologies to empower merchants to securely collect, store, and transmit sensitive data in an ever-evolving payments landscape. Central to the company's ongoing mission is VGS's Credential Management Platform, a trusted solution designed to eliminate data security burdens so merchants can focus on securely and efficiently accelerating growth.
What began as a bold vision ten years ago has grown into VGS becoming the leading universal token service provider, driven by innovation, resilience, and an unwavering commitment to empowering businesses to unlock new possibilities in the ever-evolving payment landscape.
Surpassing 5 billion tokens stored is another powerful reminder that VGS's dedicated work is making a meaningful impact for enterprise companies and merchants to solve complex, critical payment challenges confidently. VGS will continue helping businesses — including Robinhood, Rappi, OnePay, Careem, and Bilt — drive growth, streamline operations, and enhance user experience.
'For VGS to have reached 5 billion tokens stored is monumental,' says VGS CTO and Co-Founder Marshall Jones. 'It's an accomplishment I couldn't fathom years ago, but here we are. It took us 3 years to hit 1 billion tokens, and only 3 quarters for us to go from 4 to 5 billion. That is a testament to the comprehensive solutions offered by the VGS product suite, the support from both the VGS team and our clients, and the vision to continue evolving with the payments landscape.'
The anniversary also coincides with the recent release of the "50 American Leaders" documentary series on CBS News and Fox News. The acclaimed series highlights US-based companies paving the way in their respective industries. VGS's feature in the series highlights its transformative impact on payment security and its longstanding dedication to empowering merchants to control their payment strategy.
About VGS
Founded in 2015, VGS is the world's leader in payment tokenization and a trusted credential management platform, which is depended on by Fortune 500 companies, merchants, fintechs, and banks alike. VGS's mission is to revolutionize the way sensitive data is stored and secured, enabling organizations to manage information across cards, bank accounts, and digital wallets with ease. VGS stores sensitive data and tackles critical payment acceptance challenges such as multi-PSP management, card issuance, payment orchestration enablement, PCI compliance, and the protection of personally identifiable information (PII). With over 5 billion tokens managed globally, VGS offers a comprehensive suite of solutions, including a composable Card Management Platform, a PCI-compliant Vault, and advanced network value-added services such as Network Tokens, Account Updater, and Card Attributes.
Learn more at vgs.io and by following VGS on LinkedIn.