The Wall Street Journal reports that Visa is preparing for a potential collapse of the eurozone. Steve Perry, chief commercial official at Visa, told the WSJ that Visa is exploring various possible outcomes, including a total collapse of the eurozone: “From our perspective, we can implement new currencies at the drop of a hat. If a collapse were to happen or an individual country were to leave the Euro, we could handle that very quickly in terms of allowing people to use their cards in a payment capability.”
Because Visa Europe generates all of its revenue in Europe and has been a wholly separate entity from the U.S. company, it is more vulnerable to a breakup of the eurozone than its rivals.
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