23 May

Why Visa Sees the US Market as Profitable

WRITTEN BY Raymond Anderson

Targeting smaller merchants, transactions

At the J.P. Morgan Global Technology, Media and Communications Conference, Visa (V) stated it would be targeting the US market’s significant untapped opportunities, which could boost growth. By targeting small merchants and increasing its merchant base, the company could see long-term growth.

Why Visa Sees the US Market as Profitable

Visa also stated that focusing on smaller transactions could grow its market share. Smaller merchants may not be aware of cheaper digital methods available, resorting to cash payments. Therefore, Visa is focusing on making merchants and consumers aware of the digital payment techniques available.

Digital payments could be a primary driver

According to Visa, US contactless payments might rise with e-commerce. If US consumers become well-versed with e-commerce, they might be prompted to make digital transactions. The company believes the B2B (business-to-business) payment industry offers significant global growth opportunities.

In February, Visa announced its acquisition of Fraedom, which could enable Visa to serve B2B clients more effectively. On May 22, Visa’s EV (enterprise value) was $300 billion, while peers (XLF) Mastercard (MA), Ally Financial (ALLY), and Discover Financial Services (DFS) had EVs of $197.2 billion, $64.0 billion, and $35.6 billion, respectively.

Latest articles

19 Jul

Afya's IPO Sees Strong Listing Gains

WRITTEN BY Mohit Oberoi, CFA

Afya (AFYA) listed on the Nasdaq Global Select Market on July 19. The company priced its IPO at $19 per share.

19 Jul

What to Watch For in Amazon's Q2 Earnings

WRITTEN BY Sanmit Amin

e-Commerce giant Amazon (AMZN) is scheduled to report its second-quarter earnings results after the closing bell on July 25.

19 Jul

Barrick Gold Reaches Deal to Buy Acacia Mining

WRITTEN BY Anuradha Garg

After a long standoff, Barrick Gold (GOLD) and Acacia Mining (ABGLF) have reached an agreement.

19 Jul

Comcast Shares Pop on Goldman's Optimism

WRITTEN BY Ruchi Gupta

Comcast (CMCSA) shares popped after Goldman Sachs issued a positive note on the company recently. Goldman upgraded its rating for Comcast to "buy" from "hold."

19 Jul

Why Analysts Are Bearish on Netflix Stock

WRITTEN BY Aditya Raghunath

Netflix stock fell over 10.0% on Thursday and is down 0.5% today as well.

On Thursday, pet retailer Chewy (CHWY) reported its first-quarter results after the market closed. The company reported its earnings for the first time.