VISA Inc. - V STOCK NEWS

Visa Inc. (NYSE: V) has reported its fiscal third quarter 2021 results, highlighting robust performance driven by the recovery in consumer spending and digital transactions. The company continues to lead the digital payments sector with its advanced processing network, VisaNet, capable of handling over 65,000 transactions per second. Visa's commitment to innovation plays a crucial role in its growth and adaptation in an evolving marketplace. Full details of the earnings results are available on their Investor Relations website.

Visa (NYSE: V) has signed a definitive agreement to acquire Currencycloud for £700 million, enhancing its foreign exchange capabilities for cross-border payments. This acquisition builds on an existing partnership and will reduce its financial consideration by the equity Visa already holds in Currencycloud. The cloud-based platform supports nearly 500 clients across 180 countries, enabling flexible, digital-first international payment services. The deal is subject to regulatory approvals and aims to address the growing demand for cross-border payment solutions.

Visa has launched the initial phase of its brand evolution, emphasizing its commitment to global economic inclusion through a dynamic marketing campaign. The initiative includes refreshed brand identity with modernized visuals and a new symbol, aimed at transforming Visa's image from solely a credit card company to a trusted global payments network. With over 3.6 billion credentials and more than $11 trillion in annual transaction volume, Visa's mission is to drive commerce forward and enhance access to digital payments. The new branding will be visible in over 200 countries by the end of 2021.

Visa Inc. (NYSE: V) will announce its fiscal third quarter 2021 financial results on July 27, 2021, after market close. A live audio webcast discussing the results will follow at 2:00 p.m. PT (5:00 p.m. ET). All interested parties can access the webcast on the Visa Investor Relations website, with a replay available for 90 days. Currently, Visa is in a quiet period, meaning executives will not engage with investors until the earnings release. Visa aims to connect the world through secure digital payments with VisaNet capable of processing over 65,000 transactions per second.

Visa (NYSE:V) announces its largest roster for the Tokyo 2020 Olympic and Paralympic Games, featuring 102 athletes from 54 markets, including 56 females and 46 males. This diverse group showcases Visa's commitment to gender equality and includes athletes in 28 sports, with new additions like BMX Freestyle and Skateboarding. Visa supports athletes not only in competition but also in career transitions through programs like the Olympians and Paralympians in Business Development Program.

The Center for Financial Inclusion has announced the launch of the third year of the Inclusive Fintech 50 (IF50) competition, aimed at recognizing early-stage fintech startups serving low-income customers and small enterprises. Sponsored by Visa, MetLife Foundation, and others, the initiative aims to support businesses rebounding from the pandemic. Previous winners attracted $182.5 million in investments. This year's applicants can access new benefits, including educational resources and fast-tracking opportunities with Visa. The application window is open until July 23.

Visa (NYSE: V) has signed a definitive agreement to acquire Tink, a European open banking platform, for 1.8 billion Euros, including cash and retention incentives. Tink connects with over 3,400 banks, enabling financial institutions and businesses to develop personalized financial services. This acquisition aims to enhance Visa's capabilities in fostering innovation in open banking across Europe, facilitating better financial management for consumers and businesses. Tink will retain its branding and management, with operations continuing from its Stockholm headquarters. The deal is subject to regulatory approvals.

Visa (NYSE: V) has launched its first U.S. pilot of Tap to Phone in Washington, D.C. to support Black-owned small businesses (SMBs). This initiative aims to help 50 local SMBs embrace digital payment technology through partnerships with ZmBIZI. This launch is part of Visa's broader goal to digitally enable 50 million SMBs. The Tap to Phone technology allows users to turn Android devices into point-of-sale acceptance devices, enhancing access to the digital economy. This pilot is part of a six-city revitalization initiative to empower diverse entrepreneurs.