Visa hits no. 1 in Asia

Article Abstract:

Visa International outranked MasterCard International in the Asia-Pacific market in terms of sales and fund transfers for 1996. Visa's sales reached $171.8 billion as opposed to Mastercard's $143.4 billion. In China, Visa generated $4.8 billion in sales and $54.5 billion in fund transfers. Mastercard posted $35 billion and $40 billion in sales and fund transfers, respectively. Visa has 101.1 million cards being used all over Asia as opposed to Mastercard's 67 million.

Commercial Banks, Commercial Banking, Bank Credit Cards, Finance

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Credit-card companies charge into battle for Asian customers

Article Abstract:

Many international credit card companies are revising their advertising campaigns to bolster their positions in the Asian credit card market. The new advertising campaigns are aimed at creating more distinction between the various card providers. Meanwhile, Lafferty Publications has released a report predicting that the Asian credit card market will grow from 300 million cardholders in 1996 to as much as 500 million by the year 2003.

Marketing, American Express Co., AXP

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Visa's Pyne leaves Asian operation at critical period

Article Abstract:

Industry observers believe that Lindsay Pyne's resignation as Visa International's (Visa) Asia-Pacific operations chief comes at an inopportune time for the company. Visa is having a hard time battling MasterCard Inc. as both companies try to win more customers in the region. Pyne stated that he decided to leave the company on his own accord because he felt it was time to move on. Visa has yet to name Pyne's successor.

Officials and employees, Appointments, resignations and dismissals, Pyne, Lindsay

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