Visa rang in as the runner up in PYMNTS.com’s inaugural Payment Innovation Index, which looks at the number of payment innovation patents granted to the company, the number of acquisitions and investments made in cutting-edge payment companies, media coverage identifying the company as an innovator in payments and a survey of 2,000 payment industry professionals.
“The result is the most sophisticated, comprehensive, consistent, and defensible quantitative assessment of innovation that our industry has ever seen,” the organization said of the index.
And, as the study authors themselves noted, Visa’s No. 2 ranking is very close to Apple’s No. 1 spot. “Visa comes in second, but the difference between No. 1 and No. 2 is extraordinarily close. In fact, it’s so close that we would say that Apple and Visa are in a statistical dead heat for the No. 1 spot.”
Visa’s EVP of Technology Rajat Taneja gave the keynote address at The Innovation Project 2015, an invite-only event that serves as a forum for exchanging ideas in the commerce space. Taneja talked about how Visa is always working to evolve its technologies and approaches to payments while upholding its dedication to security.
For the past 50 years, Visa has always looked ahead while striving to stay ahead of the payments curve. For the next 50 years, we’ll continue to do the same.