Visa Inc. Completes Global Restructuring

Visa Inc. Completes Global Restructuring

October 04, 2007

    SAN FRANCISCO, Oct. 4 /Xinhua-PRNewswire/ -- Visa Inc.
announced today the completion of its restructuring, having
received broad member approval for the series of
transactions by which Visa Canada, Visa U.S.A. and Visa
International have become subsidiaries of Visa Inc. Visa
Europe will remain a membership association and will become
a licensee of, and own a minority interest in, Visa Inc.   

    "The completion of the restructuring marks a
pivotal moment in Visa's history," said Joseph W.
Saunders, Chairman and Chief Executive Officer of Visa Inc.
"I'm delighted by the support our members have shown us
throughout this process. By completing the restructuring, we
now are better positioned to serve our clients in the
growing payments industry and further advance the global
migration to electronic payments. I believe that with our
strong senior management team and our new global structure,
Visa Inc. will continue to execute on our competitive
strategy, grow our leading brand and network, and expand
our diverse product offerings to benefit our stakeholders:
financial institutions, merchants and cardholders."

    Visa Inc. operates the world's largest retail
electronic payments network and is the most recognized
global financial services brand. As the payments industry
leader, Visa provides products, services and infrastructure
to support global commerce through the transfer of value and
information among financial institutions, merchants,
consumers, businesses and government entities.

    "I believe we will approach the opportunities
ahead in a stronger position than before. We expect to
continue to grow and enhance our industry leadership
position through our unwavering commitment to our clients,
our diverse product offerings and our focus on
innovation," concluded Saunders. 

    About Visa:  Visa operates the world's largest retail
electronic payments network providing processing services
and payment product platforms. This includes consumer
credit, debit, prepaid and commercial payments, which are
offered under the Visa, Visa Electron, Interlink and PLUS
brands. Visa enjoys unsurpassed acceptance around the world
and Visa/PLUS is one of the world's largest global ATM
networks, offering cash access in local currency in more
than 170 countries. 

    For more information, visit
http://www.corporate.visa.com .

    FORWARD-LOOKING STATEMENTS

    This press release contains forward-looking statements.
These statements may be identified by the use of words such
as "will," "believes,"
"anticipates," "intends,"
"estimates," "expects,"
"projects," "plans" or similar
expressions. Such forward-looking statements include,
without limitation, statements about the proposed
restructuring and related transactions, strategy, future
operations, prospects, plans and objectives of management
and events or developments that we expect or anticipate
will occur. The forward-looking statements reflect Visa's
current views and assumptions and are subject to risks and
uncertainties, which may cause actual and future results
and trends to differ materially from the forward-looking
statements, including but not limited to Visa's ability to
achieve its strategic objectives and the expected goals of
the restructuring; general market conditions; the outcome
of legal proceedings; uncertainties inherent in operating
internationally; and the impact of law and regulations.
Many of these factors are beyond Visa's ability to control
or predict. Given these factors, you should not place undue
reliance on the forward-looking statements.


    For more information, please contact:

     Paul Cohen
     Tel:   [phone]
     Email: [e-mail]

     Michael Buckley
     Tel:   [phone]
     Mob:   [phone]
     Email: [e-mail] 

     Visa Media Hotline
     Tel:   [phone]