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VISA REPORTS STRONG THIRD-QUARTER 1991 RESULTS

 VISA REPORTS STRONG THIRD-QUARTER 1991 RESULTS
 SAN FRANCISCO, Jan. 28 /PRNewswire/ -- Visa International


continued to post robust results in the third quarter of 1991, with $102.4 billion in card transaction volume, a 17 percent increase over the same period in 1990.
 Visa also recorded double-digit card growth with 274.8 million Visa cards in circulation worldwide as of Sept. 30, 1991, up 10 percent from the same date in 1990.
 "Our efforts to penetrate markets once dominated by cash and checks continue to pay off," said Charles T. Russell, president and CEO of Visa International. "During the third quarter, we posted over $11 billion in incremental transactions, and for the first nine months of 1991, our volume topped 1990's results by $40 billion."
 In its U.S. region, Visa increased its card transaction volume to an all-time high of $44 billion, a 9 percent rise over the third quarter of 1990. Cards in circulation also climbed to 140.5 million, a 6 percent increase from a year earlier.
 In the Asia-Pacific region, Visa recorded a 26 percent increase in card transaction volume, totaling $10 billion. Visa cards in circulation increased a substantial 23 percent to 45.4 million. In Japan alone, Visa is adding one million new cards a month, Russell said.
 In its Canada region, Visa increased its card transaction volume to $6.8 billion, up 5 percent from the third quarter of 1990. Cards in circulation rose to 15.4 million, a 6 percent increase from a year earlier.
 Visa's growth in the Europe/Middle East/Africa region continues to be robust, with card transaction volume rising to $38.1 billion, a $7 billion or 23 percent increase from the third quarter of 1990. Visa cards in circulation also climbed a substantial 14 percent to 61.4 million.
 The Latin America region saw the most explosive growth of any Visa region. Card transaction volume for the third quarter catapulted 83 percent to $3.4 billion. The number of Visa cards in Latin America surged 17 percent to 12.1 million.
 Visa, with more than 274 million cards issued worldwide, is the world's largest consumer card payment system.
 -0- 1/28/92
 /CONTACT: Brad Hennig of Visa International, 415-358-2435/ CO: Visa International ST: California IN: FIN SU: ERN


DG -- SF001 -- 4190 01/28/92 11:25 EST
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Date:Jan 28, 1992
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