VGS, a global leader in payment tokenization and a trusted credential management platform, has announced it has surpassed 5 billion tokens stored, a milestone coinciding with the company’s 10-year anniversary since its founding in 2015.
Over the past decade, VGS has focused on empowering merchants to securely collect, store, and transmit sensitive data within the evolving payments ecosystem. The company’s Credential Management Platform is designed to reduce data security burdens for businesses, allowing them to concentrate on growth while maintaining secure operations.
VGS CEO Chuck Yu commented on the achievements, stating, “We can’t be more proud of the milestones achieved. But we’re even more excited about continuing the growth we’ve seen in the last few years, including this year, which is our best year on record. We plan to continue introducing new network services, additional solutions to agentic commerce, and expand our international reach, setting us up for unprecedented growth over the next 12 months.”
The company’s growth trajectory highlights this acceleration: VGS took three years to reach 1 billion tokens stored, but only three quarters to increase from 4 billion to 5 billion tokens. VGS CTO and Co-Founder Marshall Jones reflected on this progress: “For VGS to have reached 5 billion tokens stored is monumental. It’s an accomplishment I couldn’t fathom years ago, but here we are. It took us 3 years to hit 1 billion tokens, and only 3 quarters for us to go from 4 to 5 billion. That is a testament to the comprehensive solutions offered by the VGS product suite, the support from both the VGS team and our clients, and the vision to continue evolving with the payments landscape.”
VGS’s solutions are utilized by various enterprise companies and merchants, including Robinhood, Rappi, OnePay, Careem, and Bilt, to address complex payment challenges, streamline operations, and enhance user experience. The anniversary also follows VGS’s feature in the “50 American Leaders” documentary series, broadcast on CBS News and Fox News, which highlighted the company’s impact on payment security and its role in enabling merchants to manage their payment strategies.
Founded in 2015, VGS’s mission is to transform how sensitive data is managed, allowing organizations to securely handle information across cards, bank accounts, and digital wallets. The platform helps address critical payment acceptance challenges such as multi-PSP management, card issuance, payment orchestration enablement, PCI compliance, and the protection of personally identifiable information (PII). VGS’s comprehensive suite of offerings includes a composable Card Management Platform, a PCI-compliant Vault, and advanced network value-added services such as Network Tokens, Account Updater, and Card Attributes.
