Visa Direct Transactions Grow 20%, New Flows a $200T Opportunity

Visa’s fiscal first quarter results pointed to continued growth in consumer spending — particularly on travel — though growth rates are slowing.Management, however, noted that growth rates in new payments flows and value-added services are outpacing the transaction growth seen in credit and debit conduits.Investors sent the shares down about 3% after hours.The company’s latest earnings supplementals and commentary from the Thursday (Jan. 25) conference call show that overall payments volume increased 8% in ...