"This past year, Visa Inc. ( NYSE: V) has unveiled a scam disruption initiative, adoption of its "Tap to Phone" technology has soared, it unveiled its vision for artificial intelligence (AI) in commerce, and it expanded its capabilities in the digital currency space. The company also has launched a pilot program enabling businesses and platforms to send payouts directly to stablecoin wallets. All this has helped buoy the stock despite economic uncertainty."
"Despite the rapidly evolving landscape of the payments industry, Visa retains its preeminent dominance. The transaction processing behemoth was founded in 1958, but it did not go public until 50 years later when it issued 408 million shares at $44 each and raised $17.9 billion. It was the largest public offering in history at that time. Since then, Visa's dominance has only grown."
Visa expanded product offerings and technology, unveiling a scam disruption initiative, scaling adoption of Tap to Phone, articulating a vision for AI in commerce, and expanding digital-currency capabilities, including a pilot for payouts to stablecoin wallets. These developments supported the stock amid economic uncertainty. The share price reached an all-time high above $375 last June and is 14.2% lower since then. Since the IPO, the stock has risen roughly 1,964%, with about half of that gain in the past five years. Visa connects 100 million merchants and 15,000 banks and has over 4.5 billion cards issued, outpacing Mastercard.
Read at 24/7 Wall St.
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