Latest news with #CEMEA
Yahoo
04-08-2025
- Business
- Yahoo
Visa enhances stablecoin settlement capabilities
Visa has expanded its stablecoin support capabilities by integrating digital assets and blockchain technologies, facilitating transaction settlements for issuers and acquirers. The company has partnered with Paxos to introduce two additional dollar-backed stablecoins, Global Dollar (USDG) and PayPal USD (PYUSD), into its system. Furthermore, Visa has expanded its blockchain compatibility by adding support for Stellar and Avalanche. These networks join Ethereum and Solana, which were already part of Visa's supported blockchain ecosystems. The integration of Circle's euro-backed stablecoin, EURC, into the Visa network allows for settlement services not only in USD-backed stablecoins but also in EUR-backed ones. Visa's expansion into stablecoin-linked card partners earlier this year highlighted the necessity for a network that can interact with various blockchain wallets and offer a range of settlement options. The network's design facilitates transactions across different blockchains and directly accepts stablecoins for card-based settlements. Visa global growth products and strategic partnerships head Rubail Birwadker said: 'Visa is building a multi-coin and multi-chain foundation to help meet the needs of our partners worldwide. We believe that when stablecoins are trusted, scalable and interoperable, they can fundamentally transform how money moves around the world.' In June, Visa partnered with Yellow Card to extend the reach of its stablecoin settlement system to the CEMEA region. "Visa enhances stablecoin settlement capabilities " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
30-07-2025
- Business
- Yahoo
Visa (V) Reports Q3 Earnings: What Key Metrics Have to Say
Visa (V) reported $10.17 billion in revenue for the quarter ended June 2025, representing a year-over-year increase of 14.3%. EPS of $2.98 for the same period compares to $2.42 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $9.87 billion, representing a surprise of +3.11%. The company delivered an EPS surprise of +4.2%, with the consensus EPS estimate being $2.86. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Visa performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: End of Period Connections - Total transactions: 65.44 billion versus 64.47 billion estimated by five analysts on average. Total volume: $4,250.00 billion versus the four-analyst average estimate of $4,095.82 billion. Payments volume - Total: $3,618.00 billion versus $3,583.74 billion estimated by four analysts on average. Payments volume - CEMEA: $219.00 billion versus the four-analyst average estimate of $219.74 billion. Payments volume - U.S.A: $1,766.00 billion versus the four-analyst average estimate of $1,762.94 billion. Payments volume - Asia pacific: $509.00 billion versus the four-analyst average estimate of $499.49 billion. Payments volume - Canada: $110.00 billion versus the four-analyst average estimate of $111.83 billion. Revenues- Service revenue: $4.33 billion versus $4.29 billion estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +9.2% change. Revenues- Data processing revenue: $5.15 billion compared to the $5.05 billion average estimate based on eight analysts. The reported number represents a change of +14.8% year over year. Revenues- Client incentive: $-3.97 billion versus the eight-analyst average estimate of $-4.05 billion. The reported number represents a year-over-year change of +12.5%. Revenues- Other revenue: $1.03 billion compared to the $955.7 million average estimate based on eight analysts. The reported number represents a change of +31.8% year over year. Revenues- International transaction revenue: $3.63 billion versus $3.6 billion estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +13.7% change. View all Key Company Metrics for Visa here>>> Shares of Visa have returned +0.1% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Visa Inc. (V) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Zawya
25-06-2025
- Business
- Zawya
Africa: Yellow Card and Visa's strategic alliance aims to fast-track stablecoin adoption globally
Yellow Card, a licensed stablecoin payments orchestrator in Africa, has partnered with Visa to accelerate innovation in cross-border payments and digital financial infrastructure. The two will explore stablecoin use cases to streamline treasury operations, improve liquidity management, and enable faster, more cost-effective money movement across emerging markets. 'Traditional payment companies continue to question not 'if' they need a stablecoin strategy, but how quickly they can deploy one,' said Chris Maurice, co-founder and chief executive officer of Yellow Card. 'We are thrilled to partner with Visa to help realize the potential of stablecoins technology in emerging economies.' Godfrey Sullivan, senior vice president and head of product and solution for CEMEA, Visa, said, 'We're excited to team up with Yellow Card to enable faster and more accessible digital payments. We believe that every institution that moves money will need a stablecoin strategy. "As more players in the payments ecosystem explore this powerful new technology, Visa stands ready to help our partners navigate the transformation, bringing the scale, trust and innovation needed to help build the next generation of global payments.' Yellow Card operates in more than 20 African countries and provides access to secure, compliant, and accessible stablecoin products for consumers, businesses, and developers. This partnership further cements Yellow Card's role as a critical financial gateway and infrastructure provider in emerging markets.
Yahoo
24-06-2025
- Business
- Yahoo
Digital Payment Today - Africa's Digital Wallet Market Poised for Significant Growth
Africa's prepaid card and digital wallet market is projected to experience significant growth, with forecasts indicating a compound annual growth rate (CAGR) of 13.3% from 2025 to 2029, reaching an estimated value of $59.4 billion by 2029. This expansion is primarily driven by increased digital adoption, financial inclusion initiatives, and the integration of mobile money platforms, which collectively enhance access to financial services for unbanked populations. The rise of prepaid card solutions for younger demographics and their integration with mobile money platforms also play a crucial role in facilitating cross-border transactions and broadening the accessibility of financial services across the continent. The competitive landscape is marked by strategic partnerships and regulatory support aimed at transforming Africa's financial ecosystem. In other trading, was trading firmly up 5.7% and ending trading at ₩112,500. At the same time, lagged, down 6.7% to finish the session at $29.53, hovering around its 52-week low. SoFi Technologies' strategic partnerships and new loan products could rapidly increase its lending market share. Explore the full narrative to understand why timing might be crucial. closed at $70.05 up 2.2%. finished trading at $338.57 down 0.5%. On Friday, Visa appointed Tareq Muhmood as regional president for CEMEA, leading operations across 86 markets. ended the day at $15.20 down 1%. Last week, SoFi partnered with Benzinga to enhance its investing platform with advanced research tools and market insights. Click here to access our complete index of 200 Digital Payment Stocks, which features Banco Santander, Oversea-Chinese Banking and Jack Henry & Associates. Searching for a Fresh Perspective? AI is about to change healthcare. These 22 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sources: Simply Wall St "Africa Prepaid Card and Digital Wallet Future Growth Report 2025, with SOLmate, Wallets Africa, Zywa, Shoprite, and more " from Research and Markets on GlobeNewswire (published 19 June 2025) Companies discussed in this article include KOSE:A138040 NasdaqGS:PYPL NYSE:V NasdaqGS:SOFI and NasdaqGS:CHYM. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
24-06-2025
- Business
- Business Insider
Visa appoints Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East and Africa
Experienced Visa executive to lead operations and presence across high-growth region with 86 markets Visa (NYSE: V) today announced the appointment of Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East and Africa (CEMEA). In his new role, the established Visa leader will be responsible for leading operations across more than 86 innovative and fast-growing markets. Visa's CEMEA operations today serve more than 1,800 clients from 23 local offices across the region. Mr. Muhmood brings more than 30 years of banking and payments experience to the role. He most recently served as head of Value-Added Services for Visa's Europe region, based in London, and originally joined Visa in 2019 as Group Country Manager for Southeast Asia, based in Singapore. Prior to joining Visa, Mr. Muhmood held senior leadership positions with Ahli United Bank, ANZ and HSBC. Mr. Muhmood will be based in Dubai, and will take on the role effective immediately, reporting to Oliver Jenkyn, Group President, Global Markets, Visa. Mr. Muhmood succeeds Andrew Torre, who was recently appointed as President of Visa's Value-Added Services business, which has rapidly grown into a $9B global business and has delivered annualized revenue growth of 20% since 2021. 'We are delighted to appoint a leader with Tareq's deep experience at the intersection of financial services, technology and high growth markets to lead Visa's fastest growing region and continue our journey to advance the future of digital payments across CEMEA,' said Mr. Jenkyn. 'During the course of his career, Tareq has worked in 13 countries, and brings unique global perspective, world-class leadership and a proven track record partnering with Visa's largest clients across diverse, complex and rapidly accelerating markets.' 'It is a great honor to lead the CEMEA region, and to continue the tremendous progress that has been made in transforming the future of payments, commerce and money movement across so many dynamic markets,' said Mr. Muhmood. 'Having spent more than a third of my career in the region, I am excited by the incredible opportunity to further expand digital payments amongst more consumers, merchants and economies. I look forward to working closely with our outstanding team to enable shared growth with clients and partners across the region.'
