SAN FRANCISCO--Nov.14, 2024--Visa (NYSE: V), a world leader in digital payments, has launched the Visa Government Insights Hub, a platform that provides policymakers with access to insights from aggregated and anonymized payments data to support informed decision-making and improvement of public services.
The Visa Government Insights Hub enables governments to monitor and evaluate the impact of their policy interventions and stimulus programs. By analyzing spending and economic activity, the solution can help governments and policymakers:
- Design effective and tailored policies and services
- Drive operational efficiencies
- Foster public trust.
The hub features three specialized modules at launch:
- Travel and Tourism: informs efforts to promote and grow tourism, strengthen tourism development strategies, guide infrastructure planning, and support regional investment planning, as well as providing reporting on spending trends, visitor origin comparison, and spending by industry segment for the travel and tourism sector.
- Small Business Insights: helps identify opportunities to strengthen the small business sector with industry and geographical comparisons for the small business sector. With the data insights, governments can refine policies and design stimulus programs to better support vulnerable businesses. The hub also provides reporting on key performance indicators of small businesses to evaluate the impact of programs.
- Economic Insights: helps government agencies identify sectors that are growing or shrinking more rapidly through a nuanced understanding of consumption trends and spending patterns across geographies. The data also provides insights into economic developments in times of crisis, recovery, and growth. The hub also provides reporting on domestic spending trends by industry, geography, and different payment channels for the economic sector.
“The Visa Government Insights Hub is a game-changer for governments around the world due to the robust data and insights from Visa’s global network,” said Rajiv Garodia, SVP and Head of Visa Government Solutions. “This platform can help governments make smart and effective decisions to drive economic growth, social progress, and environmental stewardship. This is tailored, efficient, and agile decision-making: modern policymaking for the 21st century.”
The Visa Government Insights Hub is now available in 27 countries across the North America, Latin America, Asia-Pacific, Europe, the Middle East, and Africa regions. For more information about the Visa Government Insights Hub, please visit www.visa.com/governmentinsightshub.
About Visa
Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions, and government entities across more than 200 countries and territories.
Our mission is to connect the world through the most innovative, convenient, reliable, and secure payments network, enabling individuals, businesses, and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.
Contact
Charlie Crossley — [email protected]
Source: Visa