Visa (V) and HSBC Collaborate to Transform Global Payments

Core Insights - Visa Inc. has partnered with HSBC to develop the international payments app Zing, which allows users to hold funds in 10 currencies, send money in over 30 currencies, and transact in 200 countries and territories globally [1] - The integration of Currencycloud and Tink into the Zing platform is expected to enhance Visa's cross-border solutions and value-added services, leading to improved revenue [1][2] - Zing aims to provide low-cost currency exchange, instant collections, person-to-person payments, and real-time exchange rates, which could increase transaction volumes for Visa [2] Company Performance - Visa's shares have increased by 11.5% over the past year, outperforming the industry growth of 9.8% [3] Market Position - Visa currently holds a Zacks Rank of 4 (Sell), while competitors like Global Payments Inc. and Fiserv, Inc. have better rankings of 2 (Buy) [4] - The consensus estimate for Global Payments' 2024 earnings is $11.64 per share, indicating an 11.7% year-over-year growth, with revenues expected to reach nearly $9.2 billion, a 6.4% increase from the previous year [4] - Fiserv's 2024 earnings estimate is $8.69 per share, suggesting a 15.6% year-over-year growth, with revenues projected at $19.3 billion, reflecting a 7.2% increase from the prior year [5]