Visa Inc. (V) is a global payment technology company. V operates VisaNet, a transaction processing network, and offers credit, debit, and prepaid card products, Visa Direct, Visa B2B Connect, Visa Cross-Border Solution, and Visa DPS. It reported solid third-quarter financial results with quarterly net revenue of $8.90 billion, indicating an increase of 9.9% from the prior year’s quarter.
With digital technologies, modes of payment and transactions have also evolved, including digital payments and cashless transactions. Total transaction value in the digital payments market is expected to reach $11.53 trillion in 2024 worldwide, whereas, in the United States, the transaction value is projected to reach $3.07 trillion and further grow at a CAGR of 10.7% to hit around $4.62 trillion by 2028.
