Latest news with #VisaInc.
Bloomberg
03-06-2025
- Business
- Bloomberg
Klarna Launches US Debit Card to Chase More Banking Revenue
Klarna is trialling debit cards for US customers as the fintech company expands further into banking services ahead of its delayed listing in New York. The Swedish business said five million consumers are on the waitlist for the Visa Inc.- powered Klarna card, which offers customers real-time transfers and deposits alongside the firm's buy-now-pay-later credit options.
Yahoo
27-05-2025
- Business
- Yahoo
Visa and ZA Bank Bring Seamless Click to Pay to Hong Kong
Visa Inc.'s (NYSE:V) bid to entrench itself as a global leader in digital payments has received a significant boost. On May 26, Hong Kong's largest digital bank, ZA Bank, integrated its Click to Pay solution to enable client's complete online transactions in seconds. ZA Bank has become the first card-issuing bank to enable Click to Pay across Asia Pacific, with 11 more markets to follow. The integration underscores how Click to Pay has become the standard in online shopping. It also allows consumers to skip guest checkout and forego the need to enter personal account numbers. By enabling consumers to complete online transactions with a few clicks, Click-to-Pay stands to be a big hit. The strategic collaboration with ZA Bank underscores Visa's industrial partnership as it seeks to embed its payment solutions in online transactions. The solution is already attracting strong interest from major acquirers, including AsiaPay, who are all gearing up for Click Pay Solutions. Visa is a payment technology company that facilitates digital payments across the globe through various solutions. It acts as a network for electronic payments, processing billions of transactions annually with a large volume of payment and cash transactions. While we acknowledge the potential of Visa Inc. (NYSE:V) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than V and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. 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
Yahoo
19-05-2025
- Business
- Yahoo
Bitcoin on Track to Hit New High: 3 Crypto-Centric Stocks in Focus
Cryptocurrencies are on a rally again, thanks to some encouraging economic data and easing trade tensions, which have given a boost to investors' confidence. Earlier this week, Bitcoin (BTC) surpassed the $100,000 mark for the first time in nearly five months. Bitcoin is now on track to surpass its all-time high of $106,533 attained on Dec. 22. Bitcoin had a stellar 2024 and experts had predicted that the cryptocurrency could cross $140,000 once global tensions ease. Given this situation, it would be ideal to invest in crypto-focused stocks. We have selected three stocks, namely Visa Inc. V, NVIDIA Corporation NVDA and PayPal Holdings PYPL. Each of these stocks has strong growth potential for 2025 and has seen positive earnings estimate revisions in the last 90 days. Bitcoin surpassed $104,000 on Thursday night on renewed optimism that easing trade tensions and cooling inflation will save the U.S. economy from slipping into a recession. The Commerce Department said earlier this week that inflation is cooling steadily. The consumer price index (CPI) rose 0.2% sequentially in April and 2.3% from the year-ago levels, the lowest since February 2021. The monthly reading was in line with expectations, while the 12-month inflation came in below economists' expectations. Core CPI, which excludes the volatile food and energy prices, also increased 0.2% month over month in April, lower than the forecast of 0.3%. Year over year, core CPI grew 2.8%, which came in line with analysts' expectations. Inflation is now on track to meet to Fed's 2% target. The broader market has rallied this week as investors breathed a sigh of relief after the United States and China announced a trade truce following talks over the weekend. Both countries decided to temporarily halt tariffs for 90 days and work out a deal. Investors are expecting more trade deals with other countries to be worked out soon. Easing trade tensions and signs of cooling inflation have alleviated fears of a weakening U.S. economy. Investors are also hopeful that the easing inflation will give the Federal Reserve the confidence to resume its rate cuts in the near term. This is likely to further help the crypto market as higher interest rates for a longer period can have a negative impact on cryptocurrencies by dampening investor interest in high-risk assets, increasing the cost of holding non-interest-bearing assets like Bitcoin, and strengthening the U.S. dollar, which are often considered a headwind for the crypto market. Visa Inc. is taking a significant step toward modernizing cross-border money movement. In a move aimed at enhancing the efficiency of global transactions, V is expanding its stablecoin settlement capabilities to the high-performing Solana blockchain. This expansion of V includes collaboration with prominent merchant acquirers Worldpay and Nuvei, marking a pivotal development in the world of digital payments. Visa Inc.'s expected earnings growth rate for the current year is 12.8%. The Zacks Consensus Estimate for current-year earnings has improved 0.4% over the last 90 days. V currently has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. NVIDIA Corporation is a major player in the semiconductor industry and has been one of the standout success stories of 2023. As a leading designer of graphic processing units (GPUs), the value of the NVDA stock tends to surge in a thriving crypto market. This is primarily due to the crucial role that GPUs play in data centers, artificial intelligence and the mining or production of cryptocurrencies. NVIDIA's expected earnings growth rate for the current year is 43.5%. The Zacks Consensus Estimate for current-year earnings has improved 1.9% over the last 90 days. Currently, NVIDIA has a Zacks Rank #3. PayPal Holdings, Inc. provides digital wallet services that enable users to purchase, transfer, and sell various cryptocurrencies, such as Bitcoin, Ethereum, Bitcoin Cash and Litecoin. Through PYPL, users can use cryptocurrencies to pay for goods and services from online merchants. Additionally, PayPal's mobile wallet platform, Venmo, allows users to engage in cryptocurrency buying and selling activities. PayPal Holdings' expected earnings growth rate for the current year is 9%. The Zacks Consensus Estimate for current-year earnings has improved 0.8% over the last 90 days. PYPL currently has a Zacks Rank #3. 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 NVIDIA Corporation (NVDA) : Free Stock Analysis Report PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
Ya Biladi
16-04-2025
- Business
- Ya Biladi
Visa and Chari announce seven-year strategic artnership to boost digital payments in Morocco
Visa Inc., the global leader in digital payments, and Chari, a Moroccan fintech licensed as a payment institution, have announced a strategic seven-year partnership aimed at accelerating digital transformation and expanding access to financial services in Morocco. This alliance will enable Visa to strengthen its presence in Morocco's fintech ecosystem by leveraging Chari's local expertise and innovative solutions. Together, the two companies aim to grow their customer base, unlock new revenue streams, and actively contribute to the modernization of the country's payment landscape. Through Chari's network of retail partners—particularly neighborhood convenience stores—the partnership seeks to democratize digital payments and reduce reliance on cash, a key driver of financial inclusion. Chari's B2B platform already allows these merchants to access e-commerce services, microcredit, and inventory management tools. A member of the first cohort of the Visa Accelerator Program, launched in Marrakech in 2023, Chari is reinforcing its position as a leading fintech player in Francophone Africa. «Together, we will generate significant growth and a positive impact in Morocco», said Sami Romdhane, General Manager of Visa Morocco. For Ismael Belkhayat, CEO of Chari, the partnership marks a key milestone in «reaching more small merchants and enhancing their financial inclusion».
Bloomberg
21-03-2025
- Business
- Bloomberg
What Went Wrong for DEI?
For a fleeting moment in mid-2020, corporate America was poised to do what years of civil rights activism and the first Black president had been unable to accomplish: change the economic outlook for Black people in America. Executives at some of the country's largest companies were suddenly saying they were committed to racial and social justice, starting with internal commitments to diversity, equity and inclusion (DEI). 'I think companies can play a big role here — companies have to do more,' Dell Technologies Inc. founder Michael Dell said on June 2, just over a week after the murder of George Floyd. 'For four centuries Black and African-American women and men have experienced many forms of social injustice and discrimination,' Visa Inc.'s then-CEO Al Kelly said on an investor call that July. 'It is offensive. It is frustrating and it's unacceptable. It must stop.'
