Visa CEO: ‘Long Runway' Ahead as Digital Payments, Credentials Displace Cash and Checks

Visa is seeing continued momentum in Tap to Pay and digital credential issuance, as consumers continue to spend on their debit and credit cards.CEO Ryan McInerney said on the call that overall payments volume in the second fiscal quarter was up 8% year over year (YoY), while U.S. payments volume was 6% higher YoY. International payment volume grew 11%, while cross-order volume was 16% higher YoY. Processed transactions grew 11%.The consumer payments opportunity is “enormous,” said the CEO, with an estimated ...