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Research archive for V

Visa Buys CurrencyCloud

26 July 2021

Visa just announced that they are buying CurrencyCloud for GBP700 million. CurrencyCloud specialises in real-time international payments and allows its customers to hold multi-currency digital wallets. If you have made an international payment recently, you will know how slow and expensive it can be. This is an industry ripe for disruption!

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Visa Partners With 50 Crypto Firms

09 July 2021

In my very humble opinion, the primary use-case for cryptocurrencies will be to make transacting easier. Not to speculate, trade and hopefully become rich. That is why we prefer to hold companies like Visa and PayPal that make the movement of money more efficient.

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Visa Buys Tink

25 June 2021

A few months ago we spoke about how Visa was forced to abandon their $5 billion acquisition of Plaid due to regulatory issues. Yesterday, Visa announced that they are buying Tink for $2 billion. Roughly speaking, Tink is the European version of North America's Plaid.

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Visa Q2 - Key Growth Drivers Starting To Ramp Up

30 April 2021

Visa reported better-than-expected earnings for the latest quarter, boosted by an 11% year-on-year increase in payments volume. The payment processing giant has been sluggish of late due to the lack of cross-border transactions and limited travel.

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Visa Q1 - Crossboarder Woes Negated

02 February 2021

Visa is another company where the "share price hasn't done anything" recently. In fact over the last 12 months, it has gone backwards. Its 52 week high is $220 and it is currently trading around $195 a share.

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Visa got Plaid

14 January 2021

Early last year we covered Visa's attempted $5.3 billion acquisition of a fintech business called Plaid. Unfortunately (or fortunately) the deal has been called off by the Department of Justice on anti-competitive grounds.

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Visa Virtual Card

25 November 2020

Physical credit cards will soon be a thing of the past in my opinion. They expire, get dirty, get lost and even break. The worst part about them is the onerous ordering and delivery process.

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Visa Q4 - Crossborder Woes

30 October 2020

Visa released its September quarter numbers showing a double-digit decline in revenues, as closed borders and limited travel hurt its high margin business. The recovery so far has been led by contactless payments as people stay close to home and spend more on their local travel adventures.

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Visa's PayPal Partnership Pay's Off

11 September 2020

The payments space is an exciting investment theme. One which we are heavily exposed to via Visa. It has been very interesting to follow the US payments space as a South African because we are ahead of them in this area.

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Alfred Kelly - Visa CEO

24 August 2020

Jeff Bezos, Elon Musk, Tim Cook, Sundar Pichai. These are CEOs of large businesses, have a huge amount of influence and are all household names these days. Ever heard of Alfred F Kelly? Not many have. He is the CEO and Chairman of Visa, a stock held by 501 Vestact clients. I have decided to give you a bit more information about him.

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Visa Q3 - A Beat, No Guidance

29 July 2020

Visa was out with third quarter results after the bell last night. At first glance they seemed to be in line with revised expectations, both in terms of transaction volumes and profits. Further earnings guidance for the rest of the year was not provided, but the tone of management commentary was confident. The stock softened a bit after hours.

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Visa - People Move Online

14 May 2020

Visa may have taken a knock because travellers have not been swiping their cards in foreign currencies but they sure have benefitted from a huge shift to ecommerce. According to this Market Watch article, 13 million Visa cardholders made ecommerce transactions for the first time ever during March in Latin America. Visa also saw an 18% rise in US digital sales excluding travel. Face to Face transactions dropped 45%.

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V Q2 - Cross-Border Payments Down

05 May 2020

Another Vestact stock to report last week was Visa; they were reporting for Q2 of their 2020 financial year. Revenue for the quarter came in at $5.9 billion and earnings per share of $1.39, both beating the expectation of the street.

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The Impact of Covid-19 on Visa

02 April 2020

Right, next up in my review of the virus impact on our major holdings is payments processor Visa. As I said yesterday, we need to try to pinpoint how the changed world that we live in now will impact on their revenue and profitability, and decide if we are still comfortable to hold their shares at current prices.

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Visa Q1 - Strong Volume Growth

03 February 2020

The payments processing giant Visa released outstanding financial and operating results, on Thursday the 30th of January. In a record quarter, the company processed over $3 trillion in transactions, up 11%, which drove revenues to grow by 10% to $6.05 billion. Profits of $3.27 billion also grew at the same clip of 10%. Visa's high fee cross-boarder transaction volume growth increased by 9%.

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