Visa Inc. Completes Global Restructuring

San Francisco (USA) 4 October (PROTEXT/PRNewswire) - Visa Inc. announcedtoday the completion of its restructuring, having received broad memberapproval for the series of transactions by which Visa Canada, Visa U.S.A.and Visa International have become subsidiaries of Visa Inc. Visa Europewill remain a membership association and will become a licensee of, and owna minority interest in, Visa Inc.

"The completion of the restructuring marks a pivotal moment in Visa'shistory," said Joseph W. Saunders, Chairman and Chief Executive Officer ofVisa Inc. "I'm delighted by the support our members have shown usthroughout this process. By completing the restructuring, we now are betterpositioned to serve our clients in the growing payments industry andfurther advance the global migration to electronic payments. I believe thatwith our strong senior management team and our new global structure, VisaInc. will continue to execute on our competitive strategy, grow our leadingbrand and network, and expand our diverse product offerings to benefit ourstakeholders: financial institutions, merchants and cardholders."

Visa Inc. operates the world's largest retail electronic payments networkand is the most recognized global financial services brand. As the paymentsindustry leader, Visa provides products, services and infrastructure tosupport global commerce through the transfer of value and information amongfinancial institutions, merchants, consumers, businesses and governmententities.

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

About Visa: Visa operates the world's largest retail electronic paymentsnetwork providing processing services and payment product platforms. Thisincludes consumer credit, debit, prepaid and commercial payments, which areoffered under the Visa, Visa Electron, Interlink and PLUS brands. Visaenjoys unsurpassed acceptance around the world and Visa/PLUS is one of theworld's largest global ATM networks, offering cash access in local currencyin more than 170 countries.

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

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements. These statementsmay be identified by the use of words such as "will", "believes","anticipates", "intends", "estimates", "expects", "projects", "plans" orsimilar expressions. Such forward-looking statements include, withoutlimitation, statements about the proposed restructuring and relatedtransactions, strategy, future operations, prospects, plans and objectivesof management and events or developments that we expect or anticipate willoccur. The forward-looking statements reflect Visa's current views andassumptions and are subject to risks and uncertainties, which may causeactual and future results and trends to differ materially from theforward-looking statements, including but not limited to Visa's ability toachieve its strategic objectives and the expected goals of therestructuring; general market conditions; the outcome of legal proceedings;uncertainties inherent in operating internationally; and the impact of lawand regulations.

Many of these factors are beyond Visa's ability to control or predict.Given these factors, you should not place undue reliance on theforward-looking statements.

Contact:

Paul Cohen

Office: +1-415-932-2166

E-mail: pcohen@visa.com

Michael Buckley

Office: +1-212-333-3810

Mobile: +1-646-244-9794

E-mail: mbuckley@brunswickgroup.com

Visa Media Hotline: +1-415-932-2564

Web site: http://www.corporate.visa.com

Source: Visa Inc.

Contact: Paul Cohen, tel.: +1-415-932-2166, e-mail: pcohen@visa.com, ofVisa Inc., or Visa Media Hotline, tel.: +1-415-932-2564; or MichaelBuckley, tel.: +1-212-333-3810, mobile: +1-646-244-9794, e-mail:mbuckley@brunswickgroup.com, for Visa Inc.

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