Visa Inc. (NYSE: V) is the world’s leader in digital payments. Their mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Their advanced global processing network, VisaNet, provides secure and reliable payments around the world and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying its brand, products, people, network and scale to reshape the future of commerce.
Recently, Visa announced that its quarterly revenue came in a $6.05 billion with EPS of $1.46. The company reported an increase of 8% in its payment volume and total processed transactions increased by 11% to 37.8 billion. Service revenues rose 9% to $2.6 billion and international transaction receipts grew 9% to $2 billion.
Visa expects full-year revenue growth by low double digits and EPS growing by the mid-teens in comparison to Analysts’ revenue growth of 10.7% and EPS growth of 13.8%.
Earlier this month, Visa settled to buy Plaid in a $5.3 billion deal improving its entry to financial startups.
“We are excited about the recent announcement to acquire Plaid which will enhance the growth trajectory of our business well into the future,” stated Chairman and CEO Alfred Kell on the deal.
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