Visa saw the highest growth of 132% in patent filings and 135% in grants in August in Q3 2023. Compared to Q2 2023, Q3 2023 saw an increase in patent filings by 85% and grants by 113%. GlobalData’s DataBook provides a comprehensive analysis of Visa‘s patent filings and grants. Buy the databook here.

Visa has been focused on protecting inventions in United States(US) with 172 publications in Q3 2023

The United States(US) Patent Office dominates the patent filings and grants with nearly 45% filings and 66% grants. The United States(US), European Patent Office(EPO), China(CN), and World Intellectual Property Organization(WIPO) patent Office are among the top ten patent offices where Visa is filings its patents. Among the top granted patent authorities, Visa has 66% of its grants in United States(US), 12% in European Patent Office(EPO), and 12% in China(CN).

Mastercard could be the strongest competitor for Visa

Mastercard and Capital One Financial secured the top positions according to recent patent publication data.

Patents related to cybersecurity and digitalization lead Visa's portfolio

Visa has the highest number of patents in cybersecurity followed by, digitalization and digital banking. For cybersecurity, nearly 16% of patents were filed and 17% of patents were granted in Q3 2023.

Communications related patents lead Visa portfolio followed by payment services, and payments

Visa has highest number of patents in communications followed by payment services, payments, security services and encryption. For communications, nearly 10% of patents were filed and 8% of patents were granted in Q3 2023.

For comprehensive analysis of Visa's filings and grants, buy the databook here.

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