Visa Stock Price, News & Analysis

Visa has digitally enabled around 16 million small and micro businesses (SMBs), achieving over 30% of its 2020 goal to digitize 50 million SMBs globally. Research indicates a growing consumer preference for contactless payments, with 74% of SMBs anticipating ongoing demand. Visa's initiatives include multi-million dollar grants and digital education programs, highlighting a shift toward digitally-native entrepreneurship. The latest Visa Back to Business study underscores the importance of online security and the challenges SMBs face, while also indicating optimism in new business opportunities.

Chase and Visa are partnering to support local nonprofit New York Cares. Starting today and running through September, every tap of a Chase Visa contactless card on MTA subways and buses will result in a 10-cent donation, up to $250,000. This initiative aims to aid New Yorkers in recovery post-pandemic. Contactless payment usage on MTA has surged by over 225% since January 2021, reflecting growing demand for convenient payment methods. Chase has issued over 50 million contactless cards, with tap transactions increasing by 126% in 2021.

Visa Inc. (NYSE: V) will participate in the virtual Deutsche Bank Technology Conference on September 9. Vice Chairman and CFO Vasant Prabhu is scheduled to present at 11:50 a.m. Eastern Time, with the presentation lasting approximately 35 minutes. A listen-only audio webcast will be available for 30 days on the Investor Relations website. Visa is a leader in digital payments, offering a secure and innovative payment network globally, processing over 65,000 transactions per second.

Visa, a global payments technology leader, launched the Visa Black Scholars and Jobs Program, awarding scholarships to 50 college freshmen across the U.S. This initiative involves a $10 million investment over five years to support Black students pursuing business or technology degrees. Scholars will benefit from mentorship, training, and paid internship opportunities, with options for full-time employment at Visa post-graduation. The program aims to foster diversity and close the opportunity gap in education.

Visa has announced a strategic partnership with Ascenda to implement a new rewards program across Asia Pacific. Leveraging Ascenda's Nexus platform, Visa aims to enhance digital rewards capabilities for card issuers, simplifying the deployment process through Visa's API services. The partnership responds to evolving consumer preferences for personalized rewards, especially in a post-COVID-19 environment. This initiative represents a significant advancement in Visa's push towards more engaging and adaptable loyalty solutions.

Visa (NYSE: V) reports a July U.S. Spending Momentum Index (SMI) reading of 112.5, up 0.8 points from June's 111.7, indicating ongoing consumer spending expansion. The index assesses spending momentum through discretionary and non-discretionary categories, with July’s discretionary SMI at 107.9 and non-discretionary at 100.1. The West region leads with an SMI of 114.8, while the Midwest lags at 111.0. Economic confidence appears robust, suggesting a positive outlook for recovery, as noted by Chief Economist Wayne Best.

Visa Inc. (NYSE: V) has reported its fiscal third quarter 2021 results, highlighting robust performance driven by the recovery in consumer spending and digital transactions. The company continues to lead the digital payments sector with its advanced processing network, VisaNet, capable of handling over 65,000 transactions per second. Visa's commitment to innovation plays a crucial role in its growth and adaptation in an evolving marketplace. Full details of the earnings results are available on their Investor Relations website.

Visa (NYSE: V) has signed a definitive agreement to acquire Currencycloud for £700 million, enhancing its foreign exchange capabilities for cross-border payments. This acquisition builds on an existing partnership and will reduce its financial consideration by the equity Visa already holds in Currencycloud. The cloud-based platform supports nearly 500 clients across 180 countries, enabling flexible, digital-first international payment services. The deal is subject to regulatory approvals and aims to address the growing demand for cross-border payment solutions.