Latest news with #VisaNet
Yahoo
07-05-2025
- Business
- Yahoo
Is Visa Inc. (V) the Best Dow Stock?
We recently published a list of The Best and Worst Dow Stocks. In this article, we are going to take a look at where Visa Inc. (NYSE:V) stands against other Dow stocks. The Dow Jones Industrial Average is a benchmark index of the top 30 companies in the US. It represents the strength of the US economy and carries great historical significance as well. It also acts as a reference point for analysts and investors. However, not all stocks within this elite group of companies perform equally. While some thrive on innovation and economic boom, others struggle due to various setbacks and economic trends. We decided to break down the index and find out the best and worst stocks, looking at what was making them perform unexpectedly this year. Methodology In order to come up with our ranking of the best and worst Dow stocks, we first assigned a rank to each stock based on the number of hedge funds holding the stock. We then looked at the short interest in each stock and assigned the top rank to the company with the least short interest. We then combined the two ranks to see which stock was the best on average. The list is in ascending order, with the best stock taking the number one spot. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Is Visa Inc. (V) the Best Dow Stock? A close-up of a modern payments terminal with a pile of credit cards on the side. Visa Inc. (NYSE:V) Number of Hedge Fund Holders: 181 Short Interest as of Apr 30, 2025: 1.53% Visa Inc. (NYSE:V) is a payment technology company. It operates a transaction processing network, VisaNet. The company provides debit, credit, and prepaid card products, Visa B2B Connect, Visa Direct, Visa DPS, and Visa Cross-Border Solution. Despite economic headwinds that have impacted consumer spending, the firm delivered a solid performance. In Q1, it surpassed both revenue and EPS estimates. Visa's revenue growth was recorded at 10%, along with EPS growth of 14%. This growth was fueled by robust consumer spending for the holidays. As a result of the increased consumer spending, payment volumes grew by 9%. Visa Inc. (NYSE:V) announced its Q2 earnings last week. A 9% topline growth and a 10% EPS growth mean the company continues its growth story. In the next quarter, things look even better with a low-double-digit revenue growth powering a high-teens growth in the bottom line! Clearly, these are good times to be a Visa investor.
Zawya
30-04-2025
- Business
- Zawya
Dubai Department of Economy and Tourism and Visa sign strategic collaboration to drive tourism growth
MoU signed at the Arabian Travel Market (ATM) will bring together DET's market insights and destination expertise, and Visa's vast global network and data intelligence, to elevate the visitor experience VisaNet data will provide insights about visitor journeys, spending behaviours, seasonal trends and digital adoption Dubai, United Arab Emirates: The Dubai Department of Economy and Tourism (DET) has signed a strategic Memorandum of Understanding (MoU) with Visa, a global leader in digital payments, to facilitate further increases in international tourism inflows and elevate the visitor experience across the city. Signed during the Arabian Travel Market (ATM) in Dubai, the MoU will harness Visa's data-driven insights to optimise marketing campaigns, streamline tourism services, and deliver tailored promotions for visitors. The collaboration aligns with the goals of the Dubai Economic Agenda, D33, to further consolidate Dubai's position as a leading global destination for business and tourism, and highlights the robust public-private partnerships that continue to drive the tourism sector's exceptional growth, evidenced by a robust Q1 performance in 2025. Dubai welcomed 5.31 million international overnight visitors in the first three months of this year, up 3% on the same period last year. The MoU was signed at the Dubai stand at ATM by His Excellency Issam Kazim, CEO of the Dubai Corporation for Tourism and Commerce Marketing (DCTCM), part of DET, and Dr. Saeeda Jaffar, Senior Vice President and Group Country Manager for GCC - Visa. Under the agreement, Visa will support DET's strategic objectives by leveraging VisaNet – the world's largest global payments network – to provide in-depth data-driven insights into visitor journeys, spending behaviours, customer preferences, seasonal trends and digital adoption. These analytics will empower DET to craft targeted marketing campaigns and customer-centric initiatives, ensuring seamless and enriching experiences for tourists. His Excellency Issam Kazim, CEO of the Dubai Corporation for Tourism and Commerce Marketing (DCTCM), part of the Dubai Department of Economy and Tourism (DET), said: 'Visa has been a driving force behind Dubai's vibrant tourism ecosystem, empowering travellers with seamless, secure, and innovative payment solutions at every step of their journey. This collaboration brings together DET's market insights and destination expertise and Visa's vast global network and data intelligence – creating new pathways to engage travellers, inspire visitation, and deliver exceptional experiences across every touchpoint. It also underlines the strength of public-private partnerships, which remain a cornerstone of Dubai's economic success, driven by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. As we work to deliver the goals of the D33 Agenda, our collaboration with Visa will further elevate Dubai's global visibility, enrich the quality of our tourism offering, and create greater value for our visitors, residents and businesses alike. Together, we're paving the way for increased visitation and unforgettable moments that showcase our city as a must-visit destination.' Dr. Saeeda Jaffar, Senior Vice President and Group Country Manager for GCC - Visa, added: 'We are thrilled to partner with the Dubai Department of Economy and Tourism (DET) to provide Visa's unique insights into global travel and tourism trends. These insights will enable DET to make informed decisions on campaigns and initiatives that will help drive more international tourist inflow to Dubai. Our commitment extends beyond data-driven insights; with our best-in-class security infrastructure and a US$10 billion investment in innovation over the last five years, we also aim to create seamless and secure experiences for tourists. Visa's partnership with DET not only reinforces Dubai's position as a global leader in tourism, commerce, and innovation, but also creates significant opportunities for local businesses and the broader UAE economy.' Visa's insights will guide initiatives to simplify travel and tourism services, enhancing accessibility and convenience for visitors. Additionally, Visa will support DET with marketing activities and exclusive promotions for cardholders across its network, spanning more than 200 markets worldwide and including major hotel chains, airlines, and retailers. These efforts will amplify the reach of Dubai's tourism operators, from malls and hotels to entertainment providers, generating opportunities for small and medium-sized businesses to engage with a global audience. About Dubai Department of Economy and Tourism (DET) With the ultimate vision of making Dubai the world's leading commercial centre, investment hub and tourism destination, Dubai Department of Economy and Tourism (DET) is mandated to support the Government in positioning the emirate as a major hub for global economy and tourism, and in boosting the city's economic and tourism competitiveness indicators, in line with the goals of the Dubai Economic Agenda, D33, which aims to double the size of the emirate's economy and consolidate its position among the top three global cities over the next decade. Under this remit, DET is driving efforts to further enhance Dubai's diversified, innovative service-based economy to attract top global talent, deliver a world-class business environment and accelerate productivity growth. Additionally, DET is supporting Dubai's vision to become the world's best city to live and work in by promoting its diverse destination proposition, unique lifestyle and outstanding quality of life, overall. DET is the principal authority for planning, supervising, developing and marketing Dubai's business and tourism sectors. It is also responsible for licensing and classifying all types of businesses, including hotels, tour operators and travel agents. The DET portfolio includes Dubai Economic Development Corporation (DEDC), Dubai Business Registration and Licencing Corporation (DBLC), Dubai Corporation for Consumer Protection and Fair Trade (DCCPFT), Dubai SME, Dubai Corporation for Tourism and Commerce Marketing (DCTCM), Dubai Festivals and Retail Establishment (DFRE) and Dubai College of Tourism (DCT). About Visa Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement.
Khaleej Times
24-04-2025
- Business
- Khaleej Times
Ramadan travel to the UAE Up 6% as mid-market tourists redefine spending habits and trip duration
Ramadan 2025 has marked a turning point in how global travelers engage with the UAE, with new data from Visa showing a 6% year-on-year increase in visitors and a sharp shift in both traveler profiles and spending behavior. Average stay dropped to 4 days, down from 6 during the rest of the year, reflecting a growing trend of intention-led short trips. The visitor mix is also evolving, with a surge in inbound tourism from Central and Eastern Europe, led by the Czech Republic (86% increase compared to rest of the year), Romania (67%), Poland (63%), and Germany (44%) - markets that are reshaping the UAE's traditional tourist profile. Meanwhile, GCC-based travel, particularly from Saudi Arabia, declined, as many chose to observe Ramadan at home. These changes point to a reshaped visitor profile that's more diverse, time-conscious, and culturally motivated and for whom access to authentic, seasonal experiences matters more than luxury or length of stay. Released ahead of the Arabian Travel Market, Visa's Travel Pulse Q1-2025 report reveals emerging markets delivered unexpected spending, with a 111% increase in spend among visitors from Azerbaijan, followed by Tajikistan (81%), and Kyrgyzstan (62%). The report also showed that mid-market travelers (Visa mass cardholders) were the primary segment of travelers during Ramadan, accounting for 45% of total international visitor spend, up from 41% in non-Ramadan periods. Salima Gutieva, Visa's VP and Country Manager for UAE, said: 'Ramadan used to be considered as a quiet time for travel. But the patterns we're seeing now tell a different story. Our data shows the UAE is increasingly attracting new visitors that bring new spending behaviors and preferences. We're seeing travelers adapt to changing economic conditions, which is reflected in the duration of their stay and how they spend. But more importantly, they're still prioritizing travel and seeking enriching, meaningful experiences.' VisaNet data reveals a distinct Ramadan spending rhythm: • Spikes observed for eCommerce during Ramadan, with food orders peaking before Iftar and online shopping peaking at midnight • Retail (32%) and dining (25%) drove visitor spend in-store • Face-to-face and in-store spending surged in the final days of Ramadan, driven by extended mall hours and seasonal shopping experiences while online transactions dominated earlier in the month These trends show that travelers are spending purposefully but physically at local venues, presenting new in-store engagement opportunities for retailers. Visa's data reflects a shift in both visitor origin and spending patterns, expanding the UAE's reach beyond traditional tourist corridors. These sharp spikes reveal an opportunity for businesses to expand digital channels and identify new source markets with tailored offers, especially around cultural experiences and accessible price points. Gutieva added: 'For businesses, our Travel Pulse shows that Ramadan isn't a pause in activity, but rather a moment of opportunity. Behaviors during Ramadan are different and the key is understanding these to offer experiences that feel culturally relevant, easy to access, and meaningful to them.'
Zawya
24-04-2025
- Business
- Zawya
Ramadan Travel to the UAE up 6% as mid-market tourists redefine spending habits and trip duration
Mid-market travelers (mass cardholders) drove 45% of spend in the UAE during Ramadan, up from 41% year-round Average stay drops from 6 to 4 days, with visitor mix shifting toward Central and Eastern Europe In-store and after-dark spending surges, with retail (32%) and dining (25%) leading spend Gutieva: 'Visa's latest data dispels notion of Ramadan as a quiet tourism period for UAE' Dubai, UAE: Ramadan 2025 has marked a turning point in how global travelers engage with the UAE, with new data from Visa showing a 6% year-on-year increase in visitors and a sharp shift in both traveler profiles and spending behavior. Released ahead of the Arabian Travel Market, Visa's Travel Pulse Q1-2025 report reveals emerging markets delivered unexpected spending, with a 111% increase in spend among visitors from Azerbaijan, followed by Tajikistan (81%), and Kyrgyzstan (62%). The report also showed that mid-market travelers (Visa mass cardholders) were the primary segment of travelers during Ramadan, accounting for 45% of total international visitor spend, up from 41% in non-Ramadan periods. Experience-First Travel Replaces Lengthy Luxury Trips Average stay dropped to 4 days, down from 6 during the rest of the year, reflecting a growing trend of intention-led short trips The visitor mix is also evolving, with a surge in inbound tourism from Central and Eastern Europe, led by the Czech Republic (86% increase compared to rest of the year), Romania (67%), Poland (63%), and Germany (44%) - markets that are reshaping the UAE's traditional tourist profile Meanwhile, GCC-based travel, particularly from Saudi Arabia, declined, as many chose to observe Ramadan at home These changes point to a reshaped visitor profile that's more diverse, time-conscious, and culturally motivated and for whom access to authentic, seasonal experiences matters more than luxury or length of stay. Salima Gutieva, Visa's VP and Country Manager for UAE, said: 'Ramadan used to be considered as a quiet time for travel. But the patterns we're seeing now tell a different story. Our data shows the UAE is increasingly attracting new visitors that bring new spending behaviors and preferences. We're seeing travelers adapt to changing economic conditions, which is reflected in the duration of their stay and how they spend. But more importantly, they're still prioritizing travel and seeking enriching, meaningful experiences.' Spending Spikes Around Iftar and Again Before Midnight; Peaking Toward End of Ramadan VisaNet data reveals a distinct Ramadan spending rhythm: Spikes observed for eCommerce during Ramadan, with food orders peaking before Iftar and online shopping peaking at midnight Retail (32%) and dining (25%) drove visitor spend in-store Face-to-face and in-store spending surged in the final days of Ramadan, driven by extended mall hours and seasonal shopping experiences while online transactions dominated earlier in the month These trends show that travelers are spending purposefully but physically at local venues, presenting new in-store engagement opportunities for retailers. Visa's data reflects a shift in both visitor origin and spending patterns, expanding the UAE's reach beyond traditional tourist corridors. These sharp spikes reveal an opportunity for businesses to expand digital channels and identify new source markets with tailored offers, especially around cultural experiences and accessible price points. Gutieva added: 'For businesses, our Travel Pulse shows that Ramadan isn't a pause in activity, but rather a moment of opportunity. Behaviors during Ramadan are different and the key is understanding these to offer experiences that feel culturally relevant, easy to access, and meaningful to them.' About Visa Inc. Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement.
Zawya
13-03-2025
- Business
- Zawya
Visa offers seamless tap-to-ride experiences for Visa cardholders on Ho Chi Minh City Metro Line 1
[1] VisaNet data from Oct 2022 – Sep 2023. [2] Visa Central Project Reporting (CPR). [3] VisaNet Oct 2022 – Sep 2023. The figure on contactless penetration excludes U.S. market. [4] VisaNet data at the end of Feb 2025. HO CHI MINH CITY, VIETNAM - Media OutReach Newswire - 13 March 2025 - Visa (NYSE: V), a global leader in digital payments, has continued its role as an Official Co-sponsor of the Inauguration Ceremony for Ho Chi Minh City Metro Line 1 (Ben Thanh – Suoi Tien). As part of this initiative, Visa has launched a ", supporting contactless payments via globally issued cards, mobile devices, and wearables. Additionally, contactless payments are now available at ticket counters, and commuters can use the HCMC Metro HURC app for in-app payments. These enhancements will streamline the commuting experience, making it faster and easier for everyone, including tourists exploring the vibrant Ho Chi Minh open-loop EMV tap-to-ride system is rapidly gaining popularity worldwide. Within just eleven months, Visa's network processed two billion tap-to-ride transactions globally, reflecting a 25% year-on-year increase[1]. This growth underscores the strong consumer preference for this convenient payment method, now available to commuters on HCMC Metro Line 1. With over 830 "Tap to Ride" projects globally[2], Visa is demonstrating its dedication to transforming urban mobility with simple, convenient, and secure digital payment solutions."Visa is committed to being an essential partner in enhancing Vietnam's transit experience," said. "By introducing tap-to-ride technology on HCMC Metro Line 1, we are simplifying daily commutes, supporting Vietnam's digital transformation, and improving passenger experiences. This initiative is in line with the government's long-term plans to modernize urban mobility."Globally, over 80% of Visa's face-to-face transactions are conducted via tap-to-pay[3]. By the end of February 2025, over 76% of face-to-face transactions on Visa cards in Vietnam were contactless[4]. This shift to contactless payments will enhance travel efficiency, offering significant benefits for both operations and its extensive global experience in seamless and secure digital payments for urban transit systems, Visa is launching the "" initiative. This aims to revolutionize the commuting experience and promote sustainable mobility in Vietnam, aligning with the nation's digital transformation and urban mobility modernization goals. Visa's commitment to providing the best way to be paid is set to transform the way people travel, making daily commutes more convenient, seamless, and secure for #Visa #HCMCMetroLine1 The issuer is solely responsible for the content of this announcement. About Visa Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa
