VISA Inc. - V STOCK NEWS

Visa Inc. (NYSE: V) will announce its fiscal second quarter 2023 financial results on April 25, 2023, after market close. The results will be submitted to the Securities and Exchange Commission and made available on the Visa Investor Relations website. A live audio webcast to discuss these results will take place at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Interested parties can access the webcast at investor.visa.com, with a replay available for 30 days. Visa is currently in a “quiet period” until the earnings release. The company emphasizes its role as a leader in digital payments, aiming to enhance access to financial services worldwide.

Visa has released a new report highlighting the increasing popularity of digital remittances among consumers. Surveying over 14,000 individuals in ten countries, it reveals that 53% are now using digital apps for transferring funds internationally. This method significantly outpaces traditional methods such as banks and cash transfers. The report also notes that app-based payments are viewed as secure and user-friendly, with considerable adoption in North America, Europe, and the Middle East. However, it identifies high fees and exchange rate complexities as key pain points for users.

Visa Foundation has announced a $1 Million grant to support gender diverse small and micro businesses in Africa, part of its $200 Million Equitable Access Initiative. This funding, unveiled at the 10th Africa Sankalp Forum in Nairobi, seeks to empower women entrepreneurs through partnerships with AfriLabs and Graça Machel Trust. The foundation has already committed $162 Million to over 60 grantees globally, benefiting 3.4 million small businesses. Despite Africa's high growth rate of female-run businesses, women receive only 1% of venture capital funding, highlighting ongoing challenges in access to financial resources.

Visa Inc. (NYSE: V) has announced its participation in several upcoming investor conferences. On March 1, CEO Ryan McInerney will present at the KBW Fintech Payments Conference at 8:45 a.m. ET. On March 2, Group President Oliver Jenkyn will present at the Evercore ISI Payments & Fintech Innovators Forum starting at 11:45 a.m. ET. CFO Vasant Prabhu will then speak at the Morgan Stanley Technology, Media & Telecom Conference on March 8 at 9:10 a.m. PT, and again at the Wolfe FinTech Forum on March 15 at 9:20 a.m. ET. Webcasts will be available for 30 days on Visa's Investor Relations website.

Visa (NYSE: V) announced that Vice Chair and CFO Vasant Prabhu will depart the company on September 30, 2023. Prabhu has served as CFO since 2015 and will assist in finding and onboarding his successor to ensure a smooth transition. CEO Ryan McInerney and Executive Chairman Al Kelly expressed gratitude for Prabhu's strategic leadership during his tenure, highlighting his role in shaping Visa's transformation and growth. Prabhu emphasized his pride in contributing to Visa's success during a significant period in the company's history and expressed confidence in its future growth in the evolving payments landscape.

Visa (NYSE: V) has announced new offers aimed at benefiting small and micro businesses (SMBs) by enhancing their digital payment capabilities and reducing costs. Eligible Visa Small Business cardholders can access discounts on services from merchants like Bench Accounting and Yahoo through Visa SavingsEdge, providing savings worth up to $5,000. Additionally, a limited-time offer from Authorize.net waives monthly fees and transaction charges for new customers who register from February 11-12, further supporting SMBs in their digital transformation efforts.

Visa (NYSE: V) has announced the second class of its Visa Black Scholars and Jobs Program, offering mentorship and scholarships to 75 students across 23 states and Washington D.C. The initiative is part of a $10 million investment aimed at enhancing inclusion and diversity. Since its launch in August 2021, the program has supported 126 students, providing them with internships and job opportunities post-graduation. Scholars have access to industry leaders and participate in summits for their professional development. The program has now expanded to similar initiatives in the UK, Spain, Brazil, and South Africa.

Visa Inc. (NYSE: V) announced its fiscal first quarter 2023 financial results, with details available via a Form 8-K filing and on its Investor Relations website. A live audio webcast is scheduled for 2:00 p.m. PT (5:00 p.m. ET) to discuss the results. Visa, a leader in digital payments, operates globally, facilitating transactions among consumers, merchants, and financial institutions. The organization's mission focuses on innovative, reliable, and secure payment solutions, aiming to include everyone in the digital economy. For more information, visit investor.visa.com.

Uber (NYSE:UBER) has partnered with Visa (NYSE:V) to support small and medium-sized businesses in adopting sustainable packaging solutions through a new program. Launched on January 16, 2023, in Davos, Switzerland, the initiative allocates $1 million in grants to qualifying Uber Eats restaurants in key cities including New York and Los Angeles. This effort follows the successful Grants for Growth program, which provided $10,000 microgrants to U.S. small business owners. Both companies aim to reduce packaging waste and address consumer demand for sustainability, a priority highlighted by research from the US National Restaurant Association.