"This year, Visa Inc. ( NYSE: V) has unveiled a scam disruption initiative, adoption of its "Tap to Phone" technology has soared, it unveiled its vision for artificial intelligence (AI) in commerce, and it expanded its capabilities in the digital currency space. The company also has launched a pilot program enabling businesses and platforms to send payouts directly to stablecoin wallets. All this has helped buoy the stock despite economic uncertainty."
"Despite the rapidly evolving landscape of the payments industry, Visa retains its preeminent dominance. The transaction processing behemoth was founded in 1958, but it did not go public until 50 years later when it issued 408 million shares at $44 each and raised $17.9 billion. It was the largest public offering in history at that time. Since then, Visa's dominance has only grown. Linking 100 million merchants and 15,000 banks worldwide, Visa possesses an extremely wide moat with over 4.5 billion cards issued."
Visa launched a scam-disruption initiative, saw adoption of its Tap to Phone technology surge, articulated an AI vision for commerce, and expanded digital-currency capabilities. The company started a pilot to enable businesses and platforms to send payouts directly to stablecoin wallets, moves that supported the stock amid economic uncertainty. The share price reached an all-time high above $375 in June but is now 8.8% lower than six months ago and has underperformed the S&P 500. Since the IPO, the stock rose about 2,035%, with roughly half of that gain in the past five years. Visa connects about 100 million merchants and 15,000 banks worldwide and issues over 4.5 billion cards.
Read at 24/7 Wall St.
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