VISA (V) Company Report

Visa’s GlobalFi initiative is building a non-custodial, cross-chain decentralized exchange on the Solana network to mitigate custodial risks, liquidity fragmentation, high fees, and scalability constraints.
The platform features cross-chain liquidity aggregation, staking, governance participation, and liquidity rewards to support long-term engagement.
The native GlobalFi token (GFI) has been security audited by Cyberscope and includes allocations for presale, liquidity pools, development, team resources, rewards, and reserves.
A multistage roadmap outlines launch of an AI-integrated blockchain, a decentralized crypto wallet, a Visa debit card, and an AI-driven portfolio management system.

6 hours ago

Press Release

Visa reports stable fiscal Q4 volumes and unveils agentic commerce at UBS 2025 Global Technology & AI Conference

Legal Proceedings

Product Launch

New Projects/Investments

Visa’s fiscal Q4 payment volume grew 8% in the U.S., 10% internationally, and ~11–12% cross-border, and fiscal Q1 quarter-to-date (Oct 1–Nov 30) showed 7–8% U.S. PV and 11% cross-border, reflecting stable holiday-season momentum.
Visa and Mastercard settled the 20-year MDL litigation, agreeing to a 10 bps reduction in effective average U.S. interchange for five years (capped at current rates, 125 bps for standard consumer credit), plus enhanced merchant surcharging and education; rollout is expected in FY 2027 following FY 2026 legal processes.
Visa introduced its agentic commerce vision via Visa Intelligent Commerce, enabling LLMs (e.g., ChatGPT) to access tokenized credentials, personalized data tokens, and merchant-side trusted-agent protocols to automate secure, controlled purchases.
Digital tokenization has expanded from 1 billion tokens in 2020 to ~16 billion today, covering 50% of digital transactions and delivering +5 pp approval rates and −35% fraud; Visa monetizes through transaction growth, lifecycle management, and token-based value-added services.
Value-added services now account for ~30% of Visa’s revenue, with regional growth in mid-teens to 40%+, spanning advisory, risk and identity, issuing, and acceptance solutions ; value-in-kind incentives convert partner cash incentives into service credits to deepen collaboration.

2 days ago

Transcript

Visa provides Q4 2025 trends and strategic update at UBS Global Technology and AI Conference

Legal Proceedings

New Projects/Investments

Visa reported stable and strong fiscal Q4 2025 trends with 8% U.S. payment volume growth, 10% international, and 11–12% cross-border; fiscal Q1 through Nov 30 shows similar momentum (+7–8% U.S., +11% cross-border).
Visa and Mastercard reached a MDL settlement granting merchants financial relief, including a 10 bp reduction in U.S. interchange for five years and a cap of 125 bp on standard consumer credit rates, with rollout expected in FY 2027.
Visa unveiled its agentic commerce initiative—Visa Intelligent Commerce—enabling LLMs to “shop for you” via secure tokenized credentials, personalized data tokens, and spend controls, plus merchant-facing trusted-agent protocols to distinguish good agents from bots.
Tokenization has expanded to 16 billion tokens (≈50% of digital transactions), boosting approval rates by 5 ppts and cutting fraud by 35%, with a goal of 100% digital tokenization and monetization through lifecycle management services.
Value-added services now approach 30% of Visa’s revenue, driven by advisory, risk & identity, issuing, and acceptance solutions; value-in-kind incentives convert a portion of cash incentives into “coupons” for VAS purchases, deepening client partnerships.

2 days ago

Transcript

Visa highlights Q4 trends, MDL settlement, and strategic innovations at UBS conference

Product Launch

Legal Proceedings

New Projects/Investments

Visa reported 8% U.S. and 10% international payment volume growth in fiscal Q4, with continued 7–8% U.S. and 11% cross-border growth in Q1 to date (Oct 1–Nov 30).
Reached an MDL settlement reducing U.S. interchange by 10 bps for five years, capping standard consumer credit rates at 125 bps, and adding surcharge and “Honor All Cards” flexibilities; rollout expected in FY2027.
Unveiled Visa Intelligent Commerce for agentic commerce, enabling LLM agents to shop via secure, tokenized credentials, personalized data tokens, and user-defined spending controls.
Scaled tokenization to 16 billion tokens (50% of digital transactions), boosting approval rates by 5 ppt and cutting fraud by 35%, with a goal of 100% adoption and monetization through lifecycle and value-added services.
Value-added services now approach 30% of revenue, with high-growth advisory, risk & identity, issuing, and acceptance solutions; value-in-kind incentives deepen client partnerships and drive service adoption.

2 days ago

Transcript

Visa expands stablecoin settlement in CEMEA with Aquanow partnership

New Projects/Investments

Visa will expand its stablecoin settlement capabilities across Central and Eastern Europe, Middle East and Africa (CEMEA) through a partnership with Aquanow to modernize backend payment rails and reduce reliance on multiple intermediaries.
The integration of Aquanow’s digital asset infrastructure with Visa’s technology stack enables issuers and acquirers to settle transactions using approved stablecoins such as USDC, cutting costs, operational friction and settlement times.
Since its 2023 pilot, Visa’s stablecoin settlements have reached a $2.5 billion annualized run rate in monthly volume, supporting 365-day settlement.

8 days ago

Press Release

Visa pilots Afterpay Visa Debit Flex Card on Cash App

Product Launch

Cash App will pilot the Visa Debit Flex Card, integrating Afterpay’s buy now, pay later service to split purchases into six-week payments anywhere Visa is accepted.
The card, issued by Sutton Bank and The Bancorp Bank N.A., lets users toggle the Afterpay feature on or off via the Cash App.
Underwriting leverages real-time financial behavior data—such as cash flow and spending habits—instead of traditional credit scores.
The pilot targets 26 million monthly active Cash App Card users, with a broader rollout planned for early 2026.

Nov 19, 2025, 10:16 PM

Morningstar

Visa proposes merchant settlement and outlines FY2026 guidance

Legal Proceedings

Guidance Update

Revenue Acceleration/Inflection

Visa reached a proposed settlement with US merchants after 20+ years of litigation, cutting US average combined credit effective interchange rates by 10 bps and capping standard credit interchange at 125 bps for five years, plus expanded surcharging and honor-all-cards flexibility and merchant education programs.
The litigation is expected to run through FY 2026, with any settlement implementation likely in FY 2027; Visa and Mastercard have filed supportive briefs and the mediator has submitted a declaration.
For FY 2026, Visa guided to low double-digit constant-currency revenue growth with OpEx growth at a similar rate, reflecting continued investment priorities.
In FY 2025, Visa’s value-added services (VAS) grew 23 % to $10.8 billion (27 % of total revenue) and its commercial money movement solutions (CMS) grew 15 %, underscoring strong execution on its two growth pillars.
Visa expects the 2026 Winter Olympics and FIFA World Cup to boost its marketing services, with 70+ clients already engaged and cross-border volumes peaking in mid-year, all factored into the FY 2026 outlook.

Nov 18, 2025, 7:00 PM

Transcript

Visa discusses merchant litigation settlement and growth strategy at Wells Fargo TMT Summit

Legal Proceedings

Guidance Update

New Projects/Investments

Proposed settlement provides 10 basis points interchange reduction and caps posted credit rates at 125 basis points for five years, while granting merchants more flexibility on surcharging and honor-all-cards options.
Strong Q4 performance: payment volumes, transactions, credit, debit, and commercial all stable or up versus Q3; cross-border volumes grew 11% and e-commerce cross-border grew 13% in both Q3 and Q4.
FY2026 guidance underpinned by stable consumer spend and cross-border travel, supported by consistent October trends through the 21st and the full month.
Investments in growth pillars: stablecoin settlements at an annualized run rate of $2.5 billion with 130 issuance programs across 40 countries; launching Visa Intelligent Commerce APIs to enable agentic commerce.
Value-added services expanded 23% to $10.8 billion and commercial money movement grew 15% in FY 2025; marketing services for the Winter Olympics and FIFA World Cup involve over 70 client engagements and a pipeline of 100+.

Nov 18, 2025, 7:00 PM

Transcript

Zilch raises over $175 million to accelerate growth

Debt Issuance

Product Launch

New Projects/Investments

Zilch closed a $175 million debt and equity round led by KKCG, with participation from BNF Capital and an expanded securitization by Deutsche Bank.
Proceeds will fund increased above-the-line marketing, further product development, platform enhancements and explorations of strategic M&A.
The fintech has launched Intelligent Commerce, an AI-driven engagement insights platform, and plans to roll out Zilch Pay in H1 2026.
Since 2020, Zilch has grown to 5.3 million customers, processing over £5 billion in commerce.

Nov 13, 2025, 9:28 AM

Press Release

Visa: DBS and Ant International Expand Cross-Border Payments Across Asia

New Projects/Investments

Expanded partnership announced at Singapore Fintech Festival 2025 builds on over a decade of collaboration to enable near-instant remittances to 1.8 billion accounts via ISO 20022 and SWIFT integration
Integration of DBS PayLah! with Ant’s Alipay+ network supports payments at over 150 million merchants across 100 markets, boosting convenience for retail and travel transactions
Initiative includes collaboration with Antom and WorldFirst to offer same-day cross-border payment solutions and explore tokenised deposits and AI-driven digital tools for SMEs

Nov 13, 2025, 2:05 AM

Morningstar

Earnings Transcripts

Quarterly earnings call transcripts for VISA.

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