VISA Inc. - V STOCK NEWS

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.

Visa (NYSE: V) has partnered with Goldman Sachs Transaction Banking to enhance global money movement for businesses. Implementing Visa B2B Connect and Visa Direct Payouts, Goldman Sachs will streamline cross-border payments, improving efficiency for both B2B and B2C transactions. The solutions provide near-real-time payment tracking, improved cash flow, and simplified reconciliation. Clients can use Visa’s services immediately, benefiting from a unified workflow and optimized fees.

Visa (NYSE:V) has launched an expansion of its Fintech Partner Connect program, aiming to facilitate quicker connections between financial institutions and vetted technology providers. This program, initially available in Europe, is now accessible in the U.S. and various global markets. By offering reduced implementation fees and access to diverse digital solutions, Visa seeks to help its issuing partners enhance customer experiences. Industry leaders emphasize the importance of adopting digital tools to evolve banking services while maintaining strong customer relationships.

Visa has announced its participation in several upcoming investor conferences. Key presentations include Vasant Prabhu discussing at the Bernstein Strategic Decisions Conference on June 2 at 1:30 p.m. ET, Jack Forestell at the William Blair Growth Stock Conference on June 3 at 12:20 p.m. ET, and Ryan McInerney at the Baird Global Consumer, Technology & Services Conference on June 8 at 12:15 p.m. ET. Additionally, Vasant Prabhu will present at the Bank of America Global Technology Conference on June 9, followed by Oliver Jenkyn at the RBC Capital Markets FinTech Conference on June 17. Webcasts will be available for 30 days on the Investor Relations website.