Latest news with #VisaDirect
Yahoo
19 hours ago
- Business
- Yahoo
X app code points to a physical card coming to X Money
X's plans for a payments service may extend beyond the digital realm, new data suggests. According to findings from mobile app intelligence firm App Sensa, the X app has been updated over the past few weeks with several references related to a physical debit card, which can be customized with your X username. Dozens of new strings of code in the X app reference various actions you can take with the new debit card, including checking its shipping status, activating your card after it arrives, reporting your card lost or stolen, locking the card, setting a PIN, and more. Multiple strings also include the terms 'physical_card_option' as well as just 'physical,' the data indicates. The news follows X CEO Linda Yaccarino's January announcement that Visa would be the company's first partner for the X Money service, which will allow users to instantly fund their X Wallet accounts via Visa Direct. She explained that the new service would enable peer-to-peer (P2P) payments by connecting with users' debit cards and would offer the option to instantly transfer funds to your bank account. Yaccarino also noted that this would be the 'first of many' big announcements about X Money arriving this year. This suggests that X is on a path that will see it more broadly competing with other digital banks and payment services in the near future. To support its venture into payments, X has been registering for money transmitter licenses across the U.S. for over a year. As of December 2023, the company was licensed for payment processing in a dozen states. It has since increased its registrations to include 40 states, plus Washington, D.C. There are other references in the X app's code that tell us more about how this new payment card may work. For instance, some strings refer to 'cashback' and others to 'deferred debit.' It also appears you may be able to cancel your virtual card independently of the physical card and vice versa. Plus, the code suggests X could be pursuing relationships with other partners, as both MasterCard and Amex are listed as supported payment card brands. X owner Elon Musk has long envisioned the app formerly known as Twitter as more than a social network. In November 2022, he shared his plans to turn X into an 'everything app' that would include things like payments and banking, as well as better support for videos and creator content. Last year, X was spotted working on the addition of a Payments button that would be added to the site's main navigation bar. X has not shared when specifically it plans to announce X Money besides sometime 'later this year,' per Yaccarino's earlier post. X did not respond to a request for comment. 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
14-06-2025
- Business
- Yahoo
Visa's Fintech Expansion: A New Era of Scalable Digital Payments?
Visa Inc. V focuses on sharpening its edge in the digital payments space through robust and growing fintech partnerships, acquisitions and platform building. It is redefining its role from a card network to a vital technology partner in the ever-changing payments landscape. The company saw impressive growth in payment volume during the second quarter of fiscal 2025, resulting from its partnerships with fintech companies and the increase in consumer spending on its app-based platforms. In fiscal 2023, Visa's payment volume rose 9% year over year on a constant-dollar basis, which grew 8% year over year in fiscal 2024, followed by an 8% increase in the second quarter of fiscal 2025. In the same quarter, processed transactions grew 9% year over year. Our model suggests a 9.9% year-over-year increase in processed transactions in fiscal 2025. Visa extended its partnership with TabaPay, which is serving over 6,500 fintechs and businesses. With Visa Direct, the company introduced push-to-account and wallet features alongside the existing push-to-card option. It also launched a new program, Visa Commercial Integrated Partners, designed to improve connectivity between fintechs and Visa Commercial products. Visa's proactive strategies reflect its active move to shape the new era of payments. As the demand for digital payment rises globally, the company's position as a flexible infrastructure partner might be its valuable long-term advantage. Some of V's competitors in the fintech payments space are Mastercard Incorporated MA and PayPal Holdings, Inc. PYPL. Mastercard reported a 15% Y/Y increase in cross-border volumes in the first quarter of 2025. In the same quarter, its payment network net revenues grew 13% year over year. Mastercard projects adjusted net revenues to witness low-teens growth in 2025. PayPal Holdings' total payment volume increased 3% year over year in the first quarter of 2025. The company's payment transactions decreased 7% year over year in the same quarter. PayPal Holdings anticipates the transaction margin to be in the range of $15.2-$15.4 billion in 2025. Shares of Visa have jumped 12.3% in the year-to-date period, outperforming the 8.5% growth of the industry. Image Source: Zacks Investment Research From a valuation standpoint, V trades at a forward price-to-earnings ratio of 30.1, above the industry average of 23.7. V carries a Value Score of D. Image Source: Zacks Investment Research The Zacks Consensus Estimate for Visa's fiscal 2025 earnings implies a 12.9% jump from the year-ago period. It witnessed 11 upward estimate revisions in the past 60 days against one downward movement. Image Source: Zacks Investment Research Visa stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 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 Mastercard Incorporated (MA) : Free Stock Analysis Report Visa Inc. (V) : Free Stock Analysis Report PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Globe and Mail
13-06-2025
- Business
- Globe and Mail
Visa's Fintech Expansion: A New Era of Scalable Digital Payments?
Visa Inc. V focuses on sharpening its edge in the digital payments space through robust and growing fintech partnerships, acquisitions and platform building. It is redefining its role from a card network to a vital technology partner in the ever-changing payments landscape. The company saw impressive growth in payment volume during the second quarter of fiscal 2025, resulting from its partnerships with fintech companies and the increase in consumer spending on its app-based platforms. In fiscal 2023, Visa's payment volume rose 9% year over year on a constant-dollar basis, which grew 8% year over year in fiscal 2024, followed by an 8% increase in the second quarter of fiscal 2025. In the same quarter, processed transactions grew 9% year over year. Our model suggests a 9.9% year-over-year increase in processed transactions in fiscal 2025. Visa extended its partnership with TabaPay, which is serving over 6,500 fintechs and businesses. With Visa Direct, the company introduced push-to-account and wallet features alongside the existing push-to-card option. It also launched a new program, Visa Commercial Integrated Partners, designed to improve connectivity between fintechs and Visa Commercial products. Visa's proactive strategies reflect its active move to shape the new era of payments. As the demand for digital payment rises globally, the company's position as a flexible infrastructure partner might be its valuable long-term advantage. How Are Competitors Faring? Some of V's competitors in the fintech payments space are Mastercard Incorporated MA and PayPal Holdings, Inc. PYPL. Mastercard reported a 15% Y/Y increase in cross-border volumes in the first quarter of 2025. In the same quarter, its payment network net revenues grew 13% year over year. Mastercard projects adjusted net revenues to witness low-teens growth in 2025. PayPal Holdings' total payment volume increased 3% year over year in the first quarter of 2025. The company's payment transactions decreased 7% year over year in the same quarter. PayPal Holdings anticipates the transaction margin to be in the range of $15.2-$15.4 billion in 2025. Visa's Price Performance, Valuation & Estimates Shares of Visa have jumped 12.3% in the year-to-date period, outperforming the 8.5% growth of the industry. From a valuation standpoint, V trades at a forward price-to-earnings ratio of 30.1, above the industry average of 23.7. V carries a Value Score of D. The Zacks Consensus Estimate for Visa's fiscal 2025 earnings implies a 12.9% jump from the year-ago period. It witnessed 11 upward estimate revisions in the past 60 days against one downward movement. Visa stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> 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 Mastercard Incorporated (MA): Free Stock Analysis Report Visa Inc. (V): Free Stock Analysis Report PayPal Holdings, Inc. (PYPL): Free Stock Analysis Report This article originally published on Zacks Investment Research (
Finextra
13-06-2025
- Business
- Finextra
Cross-border Operations: The Cost of Doing Nothing is Higher
In the middle of a busy EBAday 2025, Anastasia Serikova, VP, Head of Visa Direct Europe, Visa joined the FinextraTV studio to discuss current models within cross-border operations. Listing some of the alternative options to enable financial inclusion - mobile wallets, local currencies etc - Serikova explains the way that cross-border solutions are growing and giving more organisations the capability to participate. Amidst such innovation, she says, the cost of doing nothing is higher than the cost of the project itself.
CNBC
10-06-2025
- Business
- CNBC
11. Revolut
Founders: Nik Storonsky (CEO), Vlad YatsenkoLaunched: 2015Headquarters: LondonFunding: $1.7 billionValuation: $45 billionKey Technologies: N/AIndustry: FintechPrevious appearances on Disruptor 50 list: 0 With over 50 million users across more than 48 countries, Revolut has rapidly become one of the most prominent players in digital banking and one of the most successful fintech startups globally. Revolut's platform offers a broad range of services including multi-currency accounts, debit cards, stock and crypto trading, and savings accounts. Positioning itself as an "all-in-one finance app," its subscription model spans from a free tier to high-end option that bundles features such as travel perks and higher interest rates. Revolut operated without a full banking license in its home country the U.K. for nearly a decade. While it was designated as a licensed electronic money institution (EMI), it could not legally lend money through products like credit cards, personal loans or mortgages. It finally obtained its license in July 2024 after years of regulatory delays and internal issues, and now has plans to enter into new markets and product categories, including mortgages and business loans."As you can imagine, at this scale, it's a thorough process, and we just pay a lot of attention to it," Revolut's chief financial officer Victor Stinga told CNBC in April. "We work very closely on a close contact with the PRA [Prudential Regulation Authority] and the FCA [Financial Conduct Authority] on it. We feel like we're making great progress on it." The company launched Revolut X last year, a crypto trading platform that is now available in 30 countries in the European Economic Area. And the U.K. granted Revolut a license to allow trading of U.K. and E.U.-listed stocks and exchange-traded funds last November. In August 2024, Revolut announced a partnership with Visa, allowing Revolut Business customers to send funds globally via the Visa Direct system. Revolut also has recently received or is actively pursuing banking licenses in other international markets, opening new branches in Germany, Romania, and Switzerland in 2024, and announcing expansion plans in Mexico, Australia and Colombia. Being Europe's most valuable fintech has also drawn the attention of scammers. Many Revolut customers have been targeted by authorized push payment (APP) scams. These scams involve criminals tricking their victims into transferring money to fraudulent individuals or businesses. The rise in APP crime has led U.K. lawmakers to require banks and fintech companies to compensate victims up to £85,000 (or about $113,500). Revolut has pushed back, saying other parties including social platforms like Meta should also be responsible for some of the fees. Despite these setbacks, Revolut remains financially strong. Unlike many of its fintech peers, it has achieved profitability. Its net profit for 2024 totaled £1.1 billion ($1.5 billion), accounting for an increase of 149 percent year over year, giving it a clear edge as it eyes future expansion and a potential IPO.
