Visa shares dropped 2.3 percent on Thursday (Jan. 31) after an announcement by the company of earnings that beat expectations, but also of low growth in payments volume and cross-border transactions, according to reports. The company reported a fiscal first-quarter adjusted net income of $3...
LINE Pay Corporation, operator of the popular payment app LINE Pay, announced that it is launching a LINE Pay co-brand credit card with Visa in Japan. The LINE Pay-Visa credit card is set to be released later this year, allowing consumers to make payments at merchants...
Visa, the payments company, is acquiring U.K.-based Earthport, which facilitates international transactions for banks and companies. Reuters, citing Visa, reported Visa International Service Association is paying $250.6 million to acquire Earthport. The stock deal, in which the Visa unit offered 30 pence for each Earthport share, gives...
It’s easy to get swept up in the retail apocalypse narrative. With historic retailers like Toys R Us and Sears shutting their doors after more than 100 years in business, and reports of “sad Santas” in empty malls, it’s hard to not take a rather dim...
Visa, the Official Payment Services Partner of FIFA, announced Wednesday (December 6) partnerships with the Union of European Football Associations’ (UEFA) Women’s Football Competitions and the Confederation of African Football (CAF) Total Africa Cup of Nations tournament. In a press release, Visa said it will...
Visa, American Express and Mastercard are among the payment companies that are the subject of an inquiry by Brazilian regulators. According to a report in Bloomberg citing the Brazilian Administrative Council for Economic Defense or CADE, the Brazilian regulators are looking to see if the credit...
To deepen its commitment to digital payments in India, Visa has made a minority investment in bill and online payment platform BillDesk. The deal is still subject to statutory approvals, and the company doesn’t believe that it will have a direct bearing on its existing business in the...
Visa’s chief executive officer Al Kelly doesn’t think cryptocurrencies are a threat to its business and is ready to implement systems that support it if it becomes more mainstream. In an interview with CNBC Thursday (October 26), Kelly said there has to be a market...
Double-digit growth marked Visa's key metrics in the latest quarter, from processed transactions to cross-border activity. Management pointed to performance and potential as the U.S. consumer remains strong, contactless payments gain traction and B2B business nears the trillion-dollar mark.
