Visa Expands Loyalty Offers and Access to Innovative Products to Support Small Business Growth
Visa Inc. (NYSE: V) today announced impactful Instant Savings offers for small businesses (SMBs) across North America, comprised of industry-leading tools and resources aimed at enabling small businesses to grow and meet the expectations of their customers. Through the Visa SavingsEdge™ website, eligible Visa Small Business cardholders can unlock savings and discounts on business-related services and goods, including offers from Dropbox, Microsoft and Verizon.
For many North America small businesses, revenue growth has exceeded forecasts so far this year. According to a recent Visa Small Business Pulse Report, 77% of surveyed U.S. businesses now project revenue growth for 2023, up from 72%, when surveyed in January. In Canada, 67% of surveyed businesses now project revenue growth for 2023, up from 58% when surveyed during the same time period. However, maintaining a business remains expensive, especially in an ever-changing economic landscape: 72% of respondents in the U.S. and 76% in Canada say they are trying to spend less. Top concerns include:
"We're seeing that small business growth is on the rise, despite current macroeconomic challenges," said Veronica Fernandez, SVP and North America Head of Visa Commercial Solutions. "We also understand that there is a continued need for new, innovative ways to enable cost savings across the small business landscape. With Visa's innovative offers and seamless access to run-of-business applications, the value associated with a business card becomes exponentially stronger, enabling small businesses to experience significant cost savings and efficiency."
The Instant Savings program features 40+ discounted offers that do not require enrollment and can be redeemed instantly on select merchant websites. Valuabl opportunities for Instant Savings include:
The Visa SavingsEdge program also provides eligible and enrolled Visa Business cardholders with automatic discounts on qualifying purchases at participating merchants. These Everyday Savingsi are card-linked offers applied as credits to cardholders' future statements. U.S. and Canadian Small Business cardholders can now take advantage of Everyday Savings from 50+ merchants, when they enroll their card in the program.
To find out more about or redeem Visa Business cardholder offers, visit Visa SavingsEdge. To learn more about Visa's small business resources, including advice and tools to help run and grow a small business, visit the Visa Small Business Hub.
Visa's Small Business Report is a quarterly study run by the Maru Group in partnership with Visa. Data in the report is taken from 594 United States and 780 Canadian Small Business Leaders who were surveyed in June and July 2023. "Small Business" is defined as those with fewer than 100 employees and less than $25 Million in Revenue. "Business Leaders" are defined as at least senior decision makers with the business, including eight-in-ten who are the business' primary owner. Responses come from across the United States and Canada and represent a mix of revenue bands, business tenure, industry, etc.
About Visa Inc.
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.
i Everyday Savings offers require enrollment in the Visa SavingsEdge program