Visa Hits 4.7B Credentials, Sees 44% YOY Token Growth
Hey FinTech Fanatic!
Visa’s latest earnings are in, and the payments giant is riding the digital wave! Payment volumes hit $4 trillion, up 9% YOY, with U.S. debit up 8%, credit up 7%, and cross-border up 11%. Digital transactions now drive over 60% of total volume.
Massive Growth in Tokens & Credentials
Visa has issued 4.7 billion credentials (+7% YOY) and 12.6 billion tokens, a 44% surge. CEO Ryan McInerney highlighted that tokenized eCommerce transactions see 6% higher approval rates and 30% lower fraud, making them a game-changer for merchants.
Tap-to-Pay and Visa Direct Surge
Tap-to-pay now powers 74% of all face-to-face Visa transactions, with double-digit growth in Japan and Argentina. In the U.S., adoption climbed 13 points to 57%. Meanwhile, Visa Direct hit 10B transactions, with 3B in Q1 alone (+34% YOY). McInerney also spotlighted X Money, enabling 600M X users to move funds instantly via Visa Direct.
What’s Next?
Visa is pushing hard into account-to-account (A2A) payments, aiming to launch its Visa A2A solution in 2025 for bill payments. The company is also betting big on value-added services, with recent acquisitions like Pismo and FeatureSpace fueling future growth.
Stay tuned for more updates below 👇. Talk soon!
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DIGITAL BANKING NEWS
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M&A
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