VANCOUVER, Canada and MADRID, Spain, Dec. 21, 2023 (GLOBE NEWSWIRE) -- RevoluGROUP Canada Inc., (TSXV:REVO), (Frankfurt: IJA2), (Munich: A2PU92), an innovative leader in the fintech industry, and Skylink Global S.L., a dynamic spin-off of Deutsche Telekom Global Carrier, join forces to offer a wide range of services to their customers, demonstrating the power of synergy between financial services and telecommunications. It also underlines both companies' commitment to create solutions that make a real diffe ...

Visa Inc. (NYSE:V) UBS 27th Global Technology Conference November 28, 2023 2:15 PM ET Company Participants Christopher Suh - Chief Financial Officer Conference Call Participants Timothy Chiodo - Lead Payments, Processors and Fintech Analyst, UBS Timothy Chiodo Okay. Great. Welcome, everyone, to the afternoon keynote session here at our 27 Annual Global Technology Conference. I'm Tim Chiodo, I'm the Lead Payments, Processors and Fintech Analyst here at UBS. We are very, very glad and fortunate to have with u ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-33977 VISA INC. (Exact name of Registrant as specified in its charter) Delaware 26-0267673 (State or other jurisdiction (IRS Employer of incorp ...

Financial Data and Key Metrics Changes - Total full fiscal year net revenues grew 11% with GAAP EPS up 18% and non-GAAP EPS up 17% [6][33] - Fourth quarter net revenue growth was 11% and GAAP EPS growth was 22% [9][26] - For the full fiscal year 2023, GAAP EPS was $8.28, up 18% and non-GAAP EPS was $8.77, up 17% [33] Business Line Data and Key Metrics Changes - Global payments volume grew 9% year-over-year in Q4, with process transactions up 10% [26][30] - New flows revenue grew 14% in constant dollars, with Visa Direct transactions growing 19% [31][52] - Value-added services revenue grew 19% in constant dollars, driven by strong advisory services and higher volume [31] Market Data and Key Metrics Changes - US payments volume grew 6% year-over-year, while international payments volume grew 11% [9][27] - Cross-border volume excluding intra-Europe grew 18% year-over-year, with cross-border travel up 26% [9][28] - Latin America, CEMEA, and Europe ex-UK saw payments volume growth of about 20% or more in constant dollars [28] Company Strategy and Development Direction - The company aims to propel growth across consumer payments, new flows, and value-added services [23][24] - Visa is focused on expanding partnerships and verticals, particularly in government, travel, fleet, and healthcare [56] - The company plans to leverage its brand strength during the upcoming Olympic Games to promote its services [21] Management's Comments on Operating Environment and Future Outlook - Management acknowledges macroeconomic uncertainties but expresses confidence in navigating through them [23][24] - The company expects low double-digit adjusted net revenue growth for FY 2024, with a focus on new flows and value-added services [37][38] - Cross-border travel volume is expected to continue growing, particularly as travel normalizes post-COVID [64][66] Other Important Information - Visa announced a $25 billion multiyear share repurchase program, reflecting confidence in its strategy and future potential [24][43] - The company has expanded its partnership with FedNow, enabling real-time payments for its clients [16] Q&A Session Summary Question: Insights on guidance for FY 2024 and structural growth - Management expects value-added services and new flows to continue growing faster than consumer payments, maintaining a structural growth rate of 10% to 12% [44][45] Question: Asia-Pacific volume growth and tax rate outlook - Asia-Pacific constant currency volume growth was lower due to lapping strong COVID ramp and softness in Australia; long-term tax rate expected to be 19.5% to 20% [46][47] Question: Promising new use cases for Visa Direct - Focus on cross-border remittances, bill payments, earned wage access, and insurance disbursements as key growth areas for Visa Direct [51][52] Question: Update on commercial strategy and opportunities - The company is expanding partnerships and verticals, focusing on making products easier to use and reaching small businesses in developing markets [55][56] Question: Processing market share gains and opportunities - Visa is focused on processing share to enhance value-added services and has made progress in Latin America and Europe [60][61] Question: Cross-border travel assumptions for the coming year - Management expects continued normalization of cross-border travel at higher growth rates than pre-pandemic levels [63][64]

Fiscal Fourth Quarter 2023 Financial Results October 24, 2023 ...

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Financial Data and Key Metrics Changes - Visa's net revenues increased by 12% year-over-year, with non-GAAP earnings per share rising to $2.16, up 9% [5][24] - Global quarterly payments volume grew by 9% year-over-year, with processed transactions increasing by 10% [5][24] - In constant dollars, net revenues grew by 13%, and non-GAAP EPS grew by 11% [24] Business Line Data and Key Metrics Changes - Consumer payments business showed strong growth, with total new flows revenue up 20% in constant dollars [12][32] - Value-added services revenue increased by 19% in constant dollars, driven by higher volume and strong advisory services [17][32] - Commercial volumes rose by 9% in constant dollars, totaling $405 billion [12][32] Market Data and Key Metrics Changes - U.S. payments volume was up 6% year-over-year, while international payments volume grew by 12% [24][28] - Cross-border volume, excluding intra-Europe, increased by 22% year-over-year, with travel-related spend growing by 34% [28][29] - Latin America saw a 20% increase in international payments volume, while the CEMEA region grew by 28% [28] Company Strategy and Development Direction - Visa is focused on accelerating growth through consumer payments, new flows, and value-added services [6][12] - The company aims to deepen client relationships and expand geographically, leveraging innovative products and services [6][17] - Visa is strategically acquiring Pismo to enhance its capabilities in issuer processing and core banking [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the business despite economic uncertainties, with stable transaction growth observed [27][39] - The cross-border travel recovery is progressing as expected, with improvements noted in various regions [36] - Future growth is anticipated to be driven by the continued expansion of value-added services and new flows [39] Other Important Information - Visa repurchased approximately $3 billion in stock and distributed $937 million in dividends during the quarter [24] - The company is transitioning to a new CFO, Chris Suh, who will bring extensive finance leadership experience [21][22] Q&A Session Summary Question: Comments on the Block lawsuit and relationship with fintech - Management clarified that the lawsuit is part of ongoing litigation and emphasized the strong partnership with Block [42][43] Question: Insights on value-added services penetration - Management indicated that there is significant room for growth in value-added services, which are still in early stages of market penetration [45][46] Question: Trends in domestic payments and Visa Direct client transition - Management noted that the transition to internal systems is part of the evolving landscape of Visa Direct, with ongoing partnerships remaining strong [49][50] Question: Outlook on incentives and deal activity - Management confirmed that incentives are in line with expectations, with no surprises in net revenue growth [59][60] Question: Discussion on surcharging and its implications - Management stated that the adjustment in surcharging caps was aimed at ensuring fairness for consumers, with no significant implications for Visa [56][57] Question: Capital allocation strategy and buybacks - Management reiterated that there is no change in capital allocation strategy, focusing on dividends and core business investments [72][73]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-33977 logoa14.gif VISA INC. (Exact name of Registrant as specified in its charter) Delaware 26-0267673 (State or other jurisdiction (IRS Emp ...

Visa Inc. (NYSE:V) Bernstein 39th Annual Strategic Decisions Conference May 31, 2023 4:30 PM ET Company Participants Vasant Prabhu - Vice Chairman, CFO Conference Call Participants Harshita Rawat - Bernstein Harshita Rawat Good afternoon, everyone, and welcome to the Bernstein's 39th Annual Strategic Decisions Conference. I'm delighted to be joined today by Vasant Prabhu, the CFO of Visa. We have about 50 minutes for a fireside chat. Audience members can submit their questions via the Pigeonhole link on the ...