News

Barclays signs extension deal with Visa

February 10, 2020

Barclays, which processes almost half of the credit and debit card transactions in the U.K.,  has signed a new, multi-year partnership deal with Visa, extending a 50-year relationship. 

"This is a landmark partnership for Barclays, which will ultimately benefit merchants and consumers," Ashok Vaswani, global head of consumer banking and payments at Barclays said, in a company release. "We have enjoyed a successful partnership with Visa for 50 years and over that time we have never stopped innovating. Our continuing partnership will enable us to jointly invest in developing faster and smoother payments to benefit merchants and consumers."

Charlotte Hogg, CEO, Europe at Visa, said Barclays was one of the payments company’s most important partners on the continent. 

"We’re really excited about this agreement and the opportunities it will create for our business to collaborate on developing compelling payment experiences to consumers and merchants," she said.

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