Annual Report, Form 10-K
TL;DR
276 billion transactions on $15 trillion volume through 4.3 billion credentials—the world's largest payment network demonstrating infrastructure-level network effects.
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Primary source documenting the world's largest payment network at unprecedented scale. Demonstrates network effects compounding, hybrid centralized-distributed architecture trade-offs, and active redundancy in critical infrastructure. Central to the book's exploration of how biological infrastructure principles—circulatory systems, redundancy, immune function—map onto payment rails and other critical networks.
Key Findings from Inc. (2023)
- 276 billion total transactions processed in fiscal 2023 (757 million per day)
- 213 billion transactions processed directly by Visa
- $15 trillion total payments and cash volume
- 4.3 billion payment credentials globally
- 130 million merchant locations worldwide
- $3.3 billion invested in AI and data infrastructure over the decade