23 May

What Visa Is Optimistic About

WRITTEN BY Raymond Anderson

European integration, Visa Direct, and contactless payments

At the J.P. Morgan Global Technology, Media and Communications Conference, Visa (V) shared positive views on its European integration, which it stated has been proceeding rapidly. The company has also been focusing on its push payment facility, Visa Direct. Visa’s payment volume rose substantially YoY (year-over-year) in fiscal Q2 2018, by 11% on a constant-dollar basis, which could boost its service revenue in fiscal Q3 2018.

What Visa Is Optimistic About

Visa also has a favorable outlook on contactless payments, which have risen thanks to increased government support and technology companies ensuring these types of transactions are safe and secure. People now prefer to make payments digitally rather than using cash.

Globally, Visa’s contactless payments have grown globally, like those of peers (XLF) Mastercard (MA), Discover Financial Services (DFS), and American Express (AXP). The company aims to focus on US markets, where growth opportunities exist as certain transactions are still made using cash.

Latest articles

On Tuesday, Tesla (TSLA) cut the prices of its vehicles to standardize its global car line-up, according to Reuters.

Yesterday, PayPal (PYPL) announced that it would expand Xoom, which is its international money transfer service, to 32 markets in Europe.

Visa stock has risen about 37% and has outperformed the S&P 500 Index so far in 2019.

16 Jul

What to Expect from Skechers’s Q2 Results

WRITTEN BY Sharon Bailey

Skechers (SKX) is set to declare its results for the second quarter after the markets close on July 18. Here's what you should know.

On Tuesday, Canadian Pacific Railway (CP) reported strong second-quarter earnings. The company's top and bottom lines touched a record mark.

16 Jul

What to Expect from Crown Castle's Q2 Results

WRITTEN BY Sushree Mohanty

Crown Castle International (CCI) is scheduled to announce its second-quarter earnings results on Wednesday after the market closes.