Visa Europe has reported its strongest annual financial performance to date for the year ending 30th September 2014. Gross revenues grew 9% year-on-year to €1.9 billion while profits of €344 million were €80m higher than last year. This enables Visa Europe to invest more than €200 million in new payments technologies to accelerate the growth of digital payments. The amount spent at point-of-sale broke through €1.5 trillion for the first time, a rise of 9.4% from 2013, with a total of 37 billion transactions. This means Visa now accounts for €1 in every €6 spent in Europe. E-commerce spending on Visa cards also grew sharply, up 17% year-on-year to €280 billion.

http://letstalkpayments.com/visa-poised-invest-e200-mn-year-new-payments-technologies/