Key Points Visa benefits from a network effect. The company's asset-light business model allows it to operate with industry-leading margins. The growth of digital payments will benefit Visa's business. 10 stocks we like better than Visa › Investors should always aim to have a diversified portfolio. At The Motley Fool, we typically recommend that someone hold at least 25 stocks. However, regardless of how many stocks an investor holds, there are typically ones that stick out as their "favorites" c ...

🇬🇧 NEW: Cryptocom Visa cardholders in the UK can now add their card to Google Pay. https://t.co/QwYhS6RxuJ ...

Core Insights - MercadoLibre has consistently outperformed the market, particularly in Latin America, where it operates an e-commerce platform similar to Amazon [1] Group 1: Company Overview - MercadoLibre operates an e-commerce marketplace headquartered in Uruguay, serving 18 Latin American countries, with a membership program called Meli+ and a logistics network for quick deliveries [2] - The company has developed a digital payments app, MercadoPago, which has expanded into a significant fintech business, offering digital banking, credit cards, and other financial services [3] Group 2: Performance Metrics - Revenue increased by 49% year over year in the third quarter, with gross merchandise volume (GMV) up 35% and total payment volume (TPV) up 54% [4] - Unique active buyers rose by 26% to 76.8 million, and items sold increased by 39% in Q3, with items sold per unique buyer up by 11% [5] - Operating income grew from $557 million to $724 million in the quarter, generating $206 million in adjusted free cash flow [6] Group 3: Growth Opportunities - Latin America is underpenetrated in e-commerce, with only about 15% of retail occurring online, presenting significant long-term growth opportunities [7] - The fintech sector also shows potential due to a large underbanked population needing digital options, with MercadoLibre expanding its market by launching new products [8] Group 4: Valuation - MercadoLibre stock trades at 16 times trailing 12-month free cash flow, indicating it could be a valuable addition to a growth-centered portfolio [9]

Core Insights - Liverpool FC has entered into a multi-year partnership with PayPal, marking PayPal's first collaboration with a Premier League club, enhancing payment solutions for football fans globally [1] - PayPal will introduce PayPal+, a free loyalty program allowing fans to earn reward points on matchday purchases, with tiered rewards that increase with loyalty [2] - PayPal will become the preferred digital payment method for Liverpool FC, with enhanced visibility on the club's digital platforms and during matches at Anfield and St Helens [3] Group 1 - The partnership aims to elevate the experience for Liverpool FC supporters by providing secure and efficient payment options [5] - PayPal's commitment to supporting women's football and grassroots initiatives aligns with Liverpool FC's values and future focus [5][4] - The collaboration will also promote the profile of LFC Women and expand grassroots football programs through the LFC Foundation [4] Group 2 - PayPal has over 400 million active accounts across 200 markets, supporting transactions in 25 currencies, positioning itself as a leader in digital payments [1][6] - The integration of PayPal into Liverpool FC's ecommerce and All Red platforms will streamline the transaction process for fans [3] - PayPal's marketing strategy emphasizes a seamless and flexible experience for sports fans, enhancing engagement through rewards for purchases [6]

Summary of Paymentus Conference Call Company Overview - **Company**: Paymentus - **Industry**: Bill Payment Services - **Market Position**: Became a billion-dollar company since its IPO in 2021, generating cash and experiencing significant growth [1][2] Core Insights and Arguments - **Importance of Bill Payment**: Bill payment is a critical aspect of household spending, primarily due to non-discretionary bills such as utilities, mortgages, and insurance [2][3] - **Market Share Shift**: Banks have lost significant market share in bill payments, dropping from 70%-90% to around 20%, creating an opportunity for Paymentus to provide better services to billing companies [3][4] - **Holistic Platform**: Paymentus offers a comprehensive platform that enhances customer engagement and payment processing for billing companies, proving to deliver more payments than banks [4][5] - **Vertical Expansion**: Initially focused on utilities, Paymentus has expanded into various sectors including government services, insurance, and telecom, with utilities still accounting for approximately 50% of revenue [5][15] - **Growth Metrics**: The company projects 20% top-line growth and 20-30% adjusted EBITDA growth, indicating strong operating leverage and profitability [6][14] - **Pipeline and Implementation**: The company has seen improvements in pipeline conversion and implementation speed, with a focus on larger enterprise customers [14][17] Additional Important Points - **Network Effect**: Paymentus is building an Instant Payment Network that connects billing companies and banks, enhancing service delivery and customer experience [9][31] - **Customer Retention**: The platform's ability to serve multiple verticals allows for deeper customer relationships, increasing the likelihood of retaining customers over time [22][23] - **Competitive Landscape**: The shift from viewing digital payments as a luxury to a necessity has changed the competitive dynamics, with billing companies prioritizing reliable platforms over cost [37][39] - **Partnership Strategy**: Paymentus emphasizes a balanced go-to-market strategy that includes direct sales and partnerships with major banks and e-commerce platforms, enhancing its market reach [46][48] - **Long-term Vision**: The management team aims to build a perpetual growth engine, targeting significant market penetration across various verticals in the next 5-10 years [53][54] Financial Performance - **Revenue Generation**: Paymentus reported a record incremental EBITDA margin of 61.7% in the latest quarter, showcasing its cash-generating capabilities [50] - **Client Base**: The company serves 2,200 clients in North America, with a growing focus on upmarket solutions [49] This summary encapsulates the key points discussed during the Paymentus conference call, highlighting the company's strategic positioning, growth potential, and market dynamics.

Pay less, do more 🇧🇷OKX Pay & Card is available in Brazil.BRL → USD in seconds, up to 10% APY, @Mastercard tap-to-pay.No taxes, no fees, no delays.Cheap. Fast. Global. https://t.co/qpGPnmUIa1 ...

Core Insights - Beyond by RS2 has achieved the status of Principal Issuing Member of Visa in Europe, enabling the company to directly issue Visa cards and manage payment card programs [1][5]. Group 1: Company Positioning - This milestone enhances Beyond by RS2's role as an end-to-end payment partner, offering a combination of issuing, acquiring, and processing services within a regulated framework [2][5]. - The company aims to support banks, fintechs, corporates, and merchants in developing flexible, scalable, and compliant card programs tailored to their business models [2][5]. Group 2: New Services Offered - Beyond by RS2's new issuing services include BIN sponsorship, allowing businesses to launch card programs without needing their own license, and co-branding solutions to enhance customer loyalty and brand engagement [3][4]. - The company provides a variety of card solutions, including debit, credit, prepaid, and corporate cards, available in both physical and digital formats, with support for Apple Pay and Google Pay [3][4]. Group 3: Comprehensive Program Management - Beyond by RS2 offers end-to-end program management, covering all aspects from branded card products to customer support, fraud prevention, and compliance, leveraging its regulatory expertise [4][5]. - The company aims to help businesses launch quickly and securely across the European Union (EU) and the European Economic Area (EEA) [4][5]. Group 4: Strategic Growth - Achieving Visa Principal Issuing Member status is a significant milestone in Beyond by RS2's growth strategy, allowing the company to deliver greater value to customers and partners [5][6]. - The company provides a comprehensive one-stop solution for businesses entering the payments market or expanding existing offerings, including employee benefit and expense cards, loyalty programs, fuel cards, and early-wage access solutions [5][6]. Group 5: Technological Advantage - As part of the RS2 Group, Beyond by RS2 benefits from direct access to advanced payment infrastructure and processing technology [6]. - The combination of advanced technology with regulatory and operational expertise empowers clients and partners to innovate and scale confidently across the European market [6].

Core Insights - Visa has launched its Visa Scan to Pay solution for QR payments, enhancing acceptance across Asia Pacific and providing consumers with greater choice and flexibility in payment methods [1][4][5] Group 1: Expansion of Payment Solutions - Visa Scan to Pay is powered by partnerships with various bank apps and digital wallets, including Samsung Wallet, LINE Pay, and VNPT Money, among others, facilitating a broader acceptance of Visa payments [2][3] - The Visa Pay service connects participating digital wallets to Visa-accepting merchants globally, allowing consumers to pay using their preferred wallets and payment apps [3] Group 2: Consumer Benefits - The rollout of Visa Scan to Pay reinforces Visa's leadership in digital payments, enabling consumers to pay in a manner they are accustomed to, both locally and internationally [5] - Visa's global network ensures secure and reliable transactions, enhancing consumer confidence while shopping [6] Group 3: Merchant Advantages - Merchants can instantly reach millions of international visitors using digital wallets from their home countries, expanding their customer base [6] - The existing QR infrastructure allows merchants to reduce payment processing costs and streamline operations, contributing to business growth [6]

Financial Data and Key Metrics Changes - In Q3 2025, the company achieved revenue of $77.7 million, reflecting a 5% normalized year-over-year growth, while gross profit was $57.8 million, with a 1% increase on a normalized basis [13][14] - Adjusted EBITDA was $31.2 million, representing approximately 40% adjusted EBITDA margins, and free cash flow was $20.8 million, resulting in a 67% free cash flow conversion [15][16] - The company reported a gross profit margin compression of approximately 3.4% year-over-year due to client losses and increased volume discounts [14][15] Business Line Data and Key Metrics Changes - In the consumer payments segment, gross profit increased by 1% year-over-year, with a single-digit increase when excluding the impact of client losses [14][15] - The business payments segment saw a normalized gross profit increase of 12% year-over-year, with over 20% growth when excluding the impact of client losses [10][15] - The supplier network in the business payments segment grew to over 540,000 suppliers, a 60% year-over-year increase [11] Market Data and Key Metrics Changes - The company added five new software partners in Q3, bringing the total partnership network to 291 across consumer and business payment segments [6][11] - The company is focusing on increasing TotalPay adoption and has seen double-digit growth in its accounts payable platform, particularly in healthcare and hospitality verticals [10][11] Company Strategy and Development Direction - The core growth strategy focuses on optimizing digital payment flows and embedding payment technology into software platforms [4][5] - The company is investing in AI tools and automation to enhance client onboarding and improve operational efficiency [5][6] - Capital allocation priorities include organic growth investments, managing CapEx, and maintaining a strong balance sheet while being open to M&A opportunities [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in returning to sustainable growth as they exit 2025, with expectations of 6%-8% normalized gross profit growth in Q4 [17][18] - The company anticipates ongoing margin pressures due to a mix of larger clients with volume discounts and higher transaction values [18] - Management highlighted a stable consumer environment, with some softness noted in the automotive sector [36] Other Important Information - The company repurchased approximately 3% of its outstanding shares in August, totaling $38 million year-to-date, and reduced debt by retiring $73.5 million of convertible notes [12][16] - As of September 30, the company had approximately $96 million in cash and access to $250 million in undrawn revolver capacity, totaling $346 million in liquidity [16] Q&A Session Summary Question: Free cash flow outlook into 2026 - Management expects free cash flow conversion to be in the upper 50s for Q4 2025, with a strong 67% conversion in Q3 [22][23] Question: Political media spend headwind - The headwind from political media contributions in Q4 last year was $4.6 million in gross profit, with an annual impact of approximately $11.75 million [23] Question: Visa Commercial Enhanced Data Program - Management discussed the transition from level two to level three data requirements, which will impact interchange rates and associated fees [28][31] Question: Consumer payments softness - Management noted stable consumer conditions overall but identified softness in the automotive-to-used car segment [36] Question: M&A pipeline and targets - Management indicated a healthy pipeline for M&A opportunities in both consumer and B2B segments, while also focusing on capital allocation priorities [38]

Government Policy - Colombia's finance ministry is shelving a proposal to impose a withholding tax on digital payments [1] Industry Reaction - The decision follows a backlash from industry groups and businesses [1]