Latest news with #RyanMcInerney
Al Bawaba
6 days ago
- Business
- Al Bawaba
Visa Appoints Andrew Torre as President of Value-Added Services
Visa (NYSE:V) announced today that it has appointed Andrew Torre, a 20-year Visa veteran, as President of Value-Added Services (VAS). Mr. Torre will replace Antony Cahill who was recently named Regional President and Chief Executive Officer for Visa's European operations, subject to regulatory approval. Mr. Torre will report to Visa Chief Executive Officer Ryan McInerney and join the Company's global leadership team. He will be based in San Francisco and take on this role effective his new role, Mr. Torre will be responsible for designing, developing and delivering Visa's VAS portfolio of products and solutions. Visa's VAS business has rapidly grown into a $9B global business that has delivered annualized revenue growth of 20% since 2018, Mr. Torre has served as Visa's Regional President for Central Eastern Europe, Middle East and Africa (CEMEA). During this time, he has overseen significant revenue growth, strengthened engagements with clients and partners, and expanded Visa's regional presence to 23 offices, serving more than 1,800 clients in 86 Torre originally joined Visa in 2002 in San Francisco where he held global roles in product, strategy and pricing. He became Visa's Group Country Manager in Russia in 2013 and later served as Group Country Manager for Sub-Saharan Africa before assuming his role leading CEMEA. Earlier in his career, Mr. Torre spent 12 years in the banking industry.'Andrew's experience leading Visa's fastest-growing region, his client-first approach, and his deep commercial expertise make him the standout choice to build on Antony's success and continue our strong Value-Added Services momentum,' said Mr. McInerney. 'We are in an optimal position to scale a high-growth and attractive margin VAS business rapidly, and we could not be more confident in Andrew's ability to make the most of this extraordinary opportunity.' An internal search for Mr. Torre's replacement has begun, and the Company expects to name his successor shortly. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
Al Bawaba
27-05-2025
- Business
- Al Bawaba
Visa Appoints Antony Cahill as Chief Executive Officer of European Operations
Visa (NYSE:V) announced today that it has appointed Antony Cahill as the new Regional President and Chief Executive Officer for its European operations, subject to regulatory approval. A longtime banking executive and Visa veteran, Mr. Cahill will replace Charlotte Hogg, who is leaving Visa after eight years to pursue a new external opportunity. Mr. Cahill will be based in London and is expected to transition to his new role in early 2023, Mr. Cahill has served as President of Value-Added Services (VAS), responsible for designing, developing and delivering a global portfolio of 200+ products and solutions that power client growth and business performance. Under his leadership, VAS has rapidly grown into a $9B global business and has delivered revenue growth of more than 20% annually. He initially joined Visa in 2018 as Managing Director for Visa Europe and later became Deputy Chief Executive Officer for the region, where he oversaw all of Visa's client relationships across 38 European to joining Visa, Mr. Cahill served as Chief Operating Officer at National Australia Bank (NAB) where he spent eight years in senior roles. Earlier in his career Mr. Cahill spent 12 years at Australia and New Zealand Banking Group (ANZ).'We are grateful to Charlotte for all she has done to advance our business in Europe,' said Visa CEO Ryan McInerney. 'With Antony's experience in the region, deep understanding of the diversity and complexity of our markets and strong relationships with our partners, he is uniquely qualified to lead Visa Europe.'Oliver Jenkyn, Group President, Global Markets, remarked, 'Antony is a driven, high-impact leader who is well-positioned to help us continue to accelerate our business and capitalize on the enormous growth opportunity in the region.'Visa Europe Limited Board Chair Debbie Hewitt added, 'We could not be more delighted to welcome Antony back to Europe where he takes the helm of a healthy, thriving business. This is a testament to Charlotte's outstanding leadership. During her nearly eight years as CEO of Visa Europe, Charlotte significantly increased revenue in the region, expanded Visa's business, and grew its teams and market share in strategically important European markets including the UK, France, Germany, Spain and Italy. We thank her for her many contributions and wish her every success in this next chapter.' An internal search for Mr. Cahill's replacement has begun and the Company expects to name his successor shortly.
National Post
27-05-2025
- Business
- National Post
Visa Appoints Antony Cahill as Chief Executive Officer of European Operations
Article content LONDON — Visa (NYSE:V) announced today that it has appointed Antony Cahill as the new Regional President and Chief Executive Officer for its European operations, subject to regulatory approval. A longtime banking executive and Visa veteran, Mr. Cahill will replace Charlotte Hogg, who is leaving Visa after eight years to pursue a new external opportunity. Mr. Cahill will be based in London and is expected to transition to his new role in early June. Article content Since 2023, Mr. Cahill has served as President of Value-Added Services (VAS), responsible for designing, developing and delivering a global portfolio of 200+ products and solutions that power client growth and business performance. Under his leadership, VAS has rapidly grown into a $9B global business and has delivered revenue growth of more than 20% annually. He initially joined Visa in 2018 as Managing Director for Visa Europe and later became Deputy Chief Executive Officer for the region, where he oversaw all of Visa's client relationships across 38 European markets. Article content Prior to joining Visa, Mr. Cahill served as Chief Operating Officer at National Australia Bank (NAB) where he spent eight years in senior roles. Earlier in his career Mr. Cahill spent 12 years at Australia and New Zealand Banking Group (ANZ). Article content 'We are grateful to Charlotte for all she has done to advance our business in Europe,' said Visa CEO Ryan McInerney. 'With Antony's experience in the region, deep understanding of the diversity and complexity of our markets and strong relationships with our partners, he is uniquely qualified to lead Visa Europe.' Oliver Jenkyn, Group President, Global Markets, remarked, 'Antony is a driven, high-impact leader who is well-positioned to help us continue to accelerate our business and capitalize on the enormous growth opportunity in the region.' Article content Visa Europe Limited Board Chair Debbie Hewitt added, 'We could not be more delighted to welcome Antony back to Europe where he takes the helm of a healthy, thriving business. This is a testament to Charlotte's outstanding leadership. During her nearly eight years as CEO of Visa Europe, Charlotte significantly increased revenue in the region, expanded Visa's business, and grew its teams and market share in strategically important European markets including the UK, France, Germany, Spain and Italy. We thank her for her many contributions and wish her every success in this next chapter.' Article content An internal search for Mr. Cahill's replacement has begun and the Company expects to name his successor shortly. Article content Article content Article content Article content Article content
Business Insider
07-05-2025
- Business
- Business Insider
The future is here: Visa announces new era of commerce featuring AI
Lagos, Nigeria – April 30, 2025 – The future of commerce is on display at the Visa Global Product Drop with powerful AI-enabled advancements allowing consumers to find and buy with AI plus the introduction of new strategic partnerships and product innovations. 'As new ways to pay emerge, they need to run on a network that is always on – that is safe, secure, scalable and relentlessly innovating,' said Visa CEO Ryan McInerney. 'We are taking the power of our network and our decades-long expertise to bring new products and solutions that will transform commerce and bring trust and security to AI-enabled payments.' Product Roadmap Visa kicked off its Global Product Drop by sharing how the combination of AI and digital commerce will mark a significant shift in the way consumers discover and buy products and services. In the near future, consumers will enable AI agents to browse, select, purchase and manage on their behalf. For this to be possible, agents will need to be trusted with payments, not only by users, but by banks and sellers as well. Visa will bring this trust to AI commerce by providing a simple way for our partners – AI platforms, tech players, banks, fintechs, merchants and more – to access the Visa network. This is the next step in Visa's journey to connect even more buyers and sellers through seamless, secure digital payments. Headlining the announcement, the company introduced Visa Intelligent Commerce, a groundbreaking initiative that opens Visa's payments network to developers and engineers building the first generation of true AI commerce. Visa also announced new stablecoin partnerships to reach more people and geographies. Finally, Visa shared the expansion of its Flex Credential platform, and new products and services that provide more ways for people to pay and get paid. The advancements introduced today will enable the next wave of commerce and money movement. Visa Intelligent Commerce: A New Era In the last 25 years, Visa's network has processed 3.3 trillion transactions. Visa will extend the infrastructure, standards and capabilities present in physical and digital commerce today to AI commerce. Soon consumers will enable AI agents via AI platforms to use a Visa credential (of which there are 4.8 billion today) at any accepting merchant location (currently totaling over 150 million) for any payment use case. 'Historically, Visa has used AI to protect consumers, harnessing it to help combat fraud. Now, we will also enable AI to empower consumers, fundamentally shifting digital commerce to make it more personal, more relevant and more delightful,' added McInerney. 'For any AI commerce use case to take hold, the payment is a critical enabler of success. If there is no payment, there is no commerce. That's the expertise and trust that Visa brings.' To move the needle on AI commerce at the speed and scale required, the company is collaborating with the AI platforms and brands that consumers and merchants are choosing to work with every day, including Anthropic, IBM, Microsoft, Mistral AI, OpenAI, Perplexity, Stripe and Samsung. 'We see tremendous potential for the role AI agents will play in commerce, from streamlining 'regular' transaction-driven tasks such as ordering groceries, to more sophisticated search and decision-making like securing that hard-to-get restaurant reservation or concert ticket,' said Jack Forestell, Visa's Chief Product and Strategy Officer. 'This will be a transformative change, bringing more magic and convenience to the consumer experience and creating a new world that will forever change how we shop and buy.' New Products, Advancements and Capabilities Visa continues to invest in new features and capabilities that help extend the reach of its network and provide secure and seamless payment experiences. Stablecoins: For over half a decade, Visa has been facilitating crypto transactions and is now further expanding the applications for stablecoins with stablecoin-linked cards, settlement and programmable money. Bridge, a Stripe company, is working with Visa on a new card product that enables fintech developers to offer stablecoin-linked Visa cards to their end customers in multiple countries through a single API integration. Flex Credential Expansion: Last year, Visa reinvented the card with the introduction of the Flex Credential, a next generation card that can seamlessly toggle between different payment methods (debit, credit, buy now, pay later). Today, millions of people around the world are using the Flex Credential and Visa plans to roll out new use cases like expanding access to lines of credit, investment accounts, rewards, commercial cards and more. Unveiled today, Visa and Klarna are partnering to bring the Flex Credential to the U.S. and will be the first in Europe to offer a debit-to-buy now pay later use case that gives consumers more flexibility in how they pay. More details will be announced later this year. Introducing More Ways to Pay and Get Paid: Visa is also announcing more ways for consumers, merchants and partners to pay and get paid around the world. Visa Pay is a new service designed to connect any participating wallet to any Visa-accepting merchant, local or international, in-store or online. Visa Pay is set for beta release in select markets in Asia, Europe and Latin America. Visa Accept is a new offering to give micro-sellers a 'way to get paid' to their eligible Visa debit card, from any NFC-capable smartphone with just a few clicks, providing access to billions of credentials with just one card in your pocket. Visa Accept is being released for Visa beta partners in July, with the first activations in Latin America and Asia. 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
Tahya Masr
06-05-2025
- Business
- Tahya Masr
Visa Announces New Era of Commerce Featuring AI
The future of commerce is on display at the Visa Global Product Drop with powerful AI-enabled advancements allowing consumers to find and buy with AI plus the introduction of new strategic partnerships and product innovations. 'As new ways to pay emerge, they need to run on a network that is always on – that is safe, secure, scalable and relentlessly innovating,' said Visa CEO Ryan McInerney. 'We are taking the power of our network and our decades-long expertise to bring new products and solutions that will transform commerce and bring trust and security to AI-enabled payments.' Product Roadmap Visa kicked off its Global Product Drop by sharing how the combination of AI and digital commerce will mark a significant shift in the way consumers discover and buy products and services. In the near future, consumers will enable AI agents to browse, select, purchase and manage on their behalf. For this to be possible, agents will need to be trusted with payments, not only by users, but by banks and sellers as well. Visa will bring this trust to AI commerce by providing a simple way for our partners – AI platforms, tech players, banks, fintechs, merchants and more – to access the Visa network. This is the next step in Visa's journey to connect even more buyers and sellers through seamless, secure digital payments. Headlining the announcement, the company introduced Visa Intelligent Commerce , a groundbreaking initiative that opens Visa's payments network to developers and engineers building the first generation of true AI commerce. Visa also announced new stablecoin partnerships to reach more people and geographies. Finally, Visa shared the expansion of its Flex Credential platform, and new products and services that provide more ways for people to pay and get paid. The advancements introduced today will enable the next wave of commerce and money movement. Visa Intelligent Commerce: A New Era In the last 25 years, Visa's network has processed 3.3 trillion transactions. Visa will extend the infrastructure, standards and capabilities present in physical and digital commerce today to AI commerce. Soon consumers will enable AI agents via AI platforms to use a Visa credential (of which there are 4.8 billion today) at any accepting merchant location (currently totaling over 150 million) for any payment use case. 'Historically, Visa has used AI to protect consumers, harnessing it to help combat fraud. Now, we will also enable AI to empower consumers, fundamentally shifting digital commerce to make it more personal, more relevant and more delightful,' added McInerney. 'For any AI commerce use case to take hold, the payment is a critical enabler of success. If there is no payment, there is no commerce. That's the expertise and trust that Visa brings.' To move the needle on AI commerce at the speed and scale required, the company is collaborating with the AI platforms and brands that consumers and merchants are choosing to work with every day, including Anthropic, IBM, Microsoft, Mistral AI, OpenAI, Perplexity, Stripe and Samsung. 'We see tremendous potential for the role AI agents will play in commerce, from streamlining 'regular' transaction-driven tasks such as ordering groceries, to more sophisticated search and decision-making like securing that hard-to-get restaurant reservation or concert ticket,' said Jack Forestell, Visa's Chief Product and Strategy Officer. 'This will be a transformative change, bringing more magic and convenience to the consumer experience and creating a new world that will forever change how we shop and buy.' New Products, Advancements and Capabilities Visa continues to invest in new features and capabilities that help extend the reach of its network and provide secure and seamless payment experiences. Stablecoins: For over half a decade, Visa has been facilitating crypto transactions and is now further expanding the applications for stablecoins with stablecoin-linked cards, settlement and programmable money. Bridge, a Stripe company, is working with Visa on a new card product that enables fintech developers to offer stablecoin-linked Visa cards to their end customers in multiple countries through a single API integration. Flex Credential Expansion: Last year, Visa reinvented the card with the introduction of the Flex Credential, a next generation card that can seamlessly toggle between different payment methods (debit, credit, buy now, pay later). Today, millions of people around the world are using the Flex Credential and Visa plans to roll out new use cases like expanding access to lines of credit, investment accounts, rewards, commercial cards and more. Unveiled today, Visa and Klarna are partnering to bring the Flex Credential to the U.S. and will be the first in Europe to offer a debit-to-buy now pay later use case that gives consumers more flexibility in how they pay. More details will be announced later this year. Introducing More Ways to Pay and Get Paid: Visa is also announcing more ways for consumers, merchants and partners to pay and get paid around the world. • Visa Pay is a new service designed to connect any participating wallet to any Visa-accepting merchant, local or international, in-store or online. Visa Pay is set for beta release in select markets in Asia, Europe and Latin America. • Visa Accept is a new offering to give micro-sellers a 'way to get paid' to their eligible Visa debit card, from any NFC-capable smartphone with just a few clicks, providing access to billions of credentials with just one card in your pocket. Visa Accept is being released for Visa beta partners in July, with the first activations in Latin America and Asia.
