Visa Strengthens Its Position in the SME Market With Loop Global Visa Card

Group 1: Core Offering - Visa Inc. has launched the Loop Global Visa Card in collaboration with Loop and EQ Bank, marking it as the first multi-currency corporate credit card in Canada aimed at SMEs [1][2] - The card facilitates transactions in multiple currencies including CAD, USD, EUR, and GBP, helping businesses reduce foreign exchange costs and manage cross-border transactions more efficiently [2][3] Group 2: Market Position and Strategy - This initiative allows Visa to expand into the growing SME segment, reinforcing its role in enabling seamless international transactions [3] - The card includes features such as competitive foreign exchange rates, expense management tools, and fraud protection, positioning Visa as a leading payment partner for SMEs [3][4] Group 3: Financial Performance and Goals - Visa aims for high-single-digit to low-double-digit revenue growth on an adjusted constant-dollar basis by fiscal 2025, leveraging its global payment network and continued innovation [4] - Visa's shares have increased by 1.8% over the past month, outperforming the industry growth of 1% [5]