Visa Press Releases

Visa to Acquire BioCatch

Mon, 03 Aug 2026 08:30:00 -0400

BioCatch’s behavioral and device intelligence expertise expected to help detect scams, account takeovers and digital fraud before they happen

SAN FRANCISCO & TEL AVIV, Israel--(BUSINESS WIRE)-- Visa (NYSE: V) today announced it has signed a definitive agreement to acquire BioCatch, a leading provider of behavioral-first, multi-signal fraud intelligence, from funds advised by Permira and other shareholders for $2.4 billion in cash. The acquisition of BioCatch complements Visa’s existing cyber, fraud, risk and security solutions and is expected to help clients better protect themselves and their customers from the growing threat of account takeovers, scams, money mules and application fraud.

Since its inception, BioCatch has developed innovative AI and machine learning-based solutions that analyze thousands of application, behavioral, device, and network signals—such as keystrokes, touch gestures, and device handling—to detect fraud and distinguish legitimate users from fraudsters in real time. BioCatch protects 1.8 billion devices and 760 million users around the world, serving more than 350 banking clients in 21 different countries, including more than 100 of the largest banks globally.

“Account takeovers and scams cost the global economy over $1 trillion annually and AI is enabling these attacks at unprecedented scale,” said Andrew Torre, president of value-added services, Visa. “BioCatch will help our clients stop fraud before it reaches the point of payment. This acquisition is part of our strategy to help clients prevent cyber threats upstream, building trust into every transaction.”

AI, biometrics, authentication, identity, cyber defense and fraud prevention are increasingly interconnected, and Visa is investing to stay ahead of evolving threats, both to protect its own network and to help clients do the same. That includes the Visa Vulnerability Agentic Harness, an open-source AI security tool designed to help clients identify and remediate vulnerabilities at scale. The acquisition of BioCatch builds on Visa's existing suite of products, providing AI-powered solutions to detect and prevent fraud and both cyber and financial crime, from account opening to transactions. Over the last five years, Visa has invested more than $13 billion in technology and infrastructure to safeguard the integrity of the payments ecosystem and accelerate the decline in fraud rates.

“Real-time insights into customer intent continue to grow increasingly essential for institutions to establish trust within digital banking sessions,” said Gadi Mazor, CEO, BioCatch. “For more than a decade, we've demonstrated behavior’s unique ability to distinguish the criminal from the legitimate. In the last couple of years, we’ve shown how real-time intelligence-sharing networks between our customers can amplify the power of our behavioral intelligence further still. Together with Visa, we're even better positioned to advance our mission of making the world a safer place to transact and protect consumers from financial crime.”

The transaction is subject to customary closing conditions, including receipt of applicable regulatory approvals. The transaction is expected to close by the end of Visa’s fiscal second quarter of 2027 and will provide significant benefits to its financial institution clients, consumers and the wider payments industry.

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, 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.com.

About BioCatch

BioCatch prevents fraud and financial crime by recognizing patterns in human behavior, continuously collecting more than 3,000 anonymized data points — keystroke and mouse activity, touch screen behavior, AI agent usage, jailbroken devices, and more — as people interact with their digital banking platforms. With these inputs, BioCatch's AI and machine-learning models continuously assess both user intent and any signs of coercion or manipulation throughout every millisecond of every digital banking session, allowing banks to distinguish the criminal from the legitimate in real time. Insights drawn from across the network of BioCatch institutions further amplify the power and accuracy of that real-time risk-scoring. More than 350 financial institutions deploy BioCatch solutions, analyzing 19 billion user sessions per month and protecting more than 760 million users on more than 1.8 billion devices around the world from fraud and financial crime.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are identified by words such as “will,” “is expected,” and other similar expressions. Examples of forward-looking statements include, but are not limited to, statements we make regarding the timing and likelihood of closing, BioCatch’s future success, the impact of the acquisition on Visa’s growth, BioCatch’s operational plans and the other benefits to Visa, financial institutions and consumers.

By their nature, forward-looking statements: (i) speak only as of the date they are made; (ii) are not statements of historical fact or guarantees of future performance; and (iii) are subject to risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify. Therefore, actual results could differ materially and adversely from Visa’s forward-looking statements due to a variety of factors, including the timing and outcome of the regulatory approval process, shifts in the regulatory and competitive landscape, cybersecurity incidents, the pace and success of integration, and various other factors, including those contained in our Annual Report on Form 10-K for the fiscal year ended September 30, 2025, and our other filings with the U.S. Securities and Exchange Commission.

You should not place undue reliance on such statements. Except as required by law, we do not intend to update or revise any forward-looking statements as a result of new information, future developments or otherwise.

Visa Media Relations:
Stephanie Barnes, 628-278-9327, press@visa.com
Visa Investor Relations:
Jennifer Como, 650-432-7644, investorrelations@visa.com
BioCatch Media Relations:
Mac King, 206-200-8595, mac.king@biocatch.com

Source: Visa Inc.

Visa Fiscal Third Quarter 2026 Financial Results

Tue, 28 Jul 2026 16:05:00 -0400

SAN FRANCISCO--(BUSINESS WIRE)-- Visa (NYSE: V) today announced its fiscal third quarter 2026 financial results through an earnings release that will be furnished with the Securities and Exchange Commission on a Form 8-K and available on its Investor Relations website at investor.visa.com/financial-information/quarterly-earnings/default.aspx.

Visa will host a live audio webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss these financial results. The webcast and all related materials can also be accessed through Visa’s Investor Relations website at investor.visa.com.

About Visa

Investor Relations: Jennifer Como, 650-432-7644, InvestorRelations@visa.com

Media Relations: Fletcher Cook, 650-432-2990, Press@visa.com

Source: Visa Inc.

New Visa Data Reveals How the FIFA World Cup 2026™ Created Pop-Up Economies Across Canada, Mexico and the United States

Wed, 22 Jul 2026 07:00:00 -0400

New Visa data reveals the FIFA World Cup 26™ drove a nearly 20% surge in cross-border transactions across host cities in Canada, Mexico and the United States.

SAN FRANCISCO--(BUSINESS WIRE)-- After the final whistle blew on the FIFA World Cup 2026™, millions of fans returned home with unforgettable memories and a trail of economic activity that stretched across countries. Every tap to pay left a lasting impact, as spending throughout the tournament delivered a meaningful boost to merchants and local economies across host cities in Canada, Mexico and the United States.

According to new data from Visa, the tournament drove significant growth in cross-border spending, international travel, and digital commerce across host cities. The findings show how a major global event creates “pop-up economies,” defined by Visa as temporary, highly concentrated periods of commercial activity that emerge around major cultural, entertainment and sporting events.

The data reveals that fans traveled from around the world to follow their teams, generating a surge in Visa cardholder spending across restaurants, transportation, entertainment, retail, lodging, and other sectors. From iconic host cities to emerging fan destinations, the tournament created a broad and lasting economic impact that extended well beyond stadium walls.

A Tournament of Pop-Up Economies

Visa data illustrates the scale, reach and pace of economic activity generated throughout the tournament^[1]:

Cross-border Visa transactions in FIFA World Cup 2026™ host cities increased nearly 20% year-over-year during the tournament period.
Fans from Colombia, Puerto Rico, the United Kingdom, Argentina, and Brazil generated the highest levels of cross-border spend across host cities.
Santa Clara/San Jose, Boston, and Miami recorded the largest increases in in-person spending from international and domestic cardholders.
Consumers spent most heavily on transportation and entertainment, underscoring the broad economic benefit generated by tournament tourism.
Tap to pay transactions rose nearly 12%, reflecting fans’ preference for fast, secure and seamless payment experiences while traveling.
Ecuador v Curaçao and Colombia v Ghana, both in Kansas City, and Croatia v Ghana in Philadelphia were examples of matches that generated the highest year-over-year uplift creating significant spending spikes before, during and after kickoff.

“This was one of the most impactful FIFA World Cup™ tournaments we’ve seen to date both on and off the pitch,” said Frank Cooper III, Chief Marketing Officer of Visa. “FIFA World Cup 2026™ demonstrated how global events can create far-reaching economic value for businesses, cities and communities. For a few precious days, entire cities came alive with new visitors, new spending and new opportunities for local businesses. Through Visa’s network, we could watch those economies emerge, move from city to city and connect millions of fans with the merchants and communities hosting the world’s biggest sporting event.”

Pop-Up Economies Reached Far Beyond the Stadium

While matches took place inside stadiums, the economic impact spread throughout local communities. Restaurants, bars, retail districts, hotels, transit systems and entertainment venues all experienced increased levels of activity as fans gathered for matches and explored host cities. Several cities achieved standout performance in specific categories^[1]:

Boston led growth in year-over-year dining transactions as fans celebrated their nations in local bars and restaurants.
Guadalajara recorded the highest transportation spending growth as fans from around the world traveled to the stadium.
Atlanta saw strong entertainment activity tied to fan celebrations and cultural events, while New York City experienced a surge in retail spending.

These trends demonstrate how a pop-up economy distributes opportunity across an entire host market. The benefits reach businesses directly tied to the tournament and merchants serving everyday visitor needs, from neighborhood restaurants and independent retailers to hotels, transit providers and global brands.

The Tournament Moments That Moved Markets

Some of the tournament’s most memorable moments didn’t just capture attention. They sparked waves of economic activity around the world. Norway’s surprise run to the quarterfinals generated significant increases in consumer spending and transaction activity both in the country and around the world as fans rallied behind the country. In Norway, Visa transaction volumes nearly doubled during matches. Across Norway’s tournament run, increased transaction activity was recorded across a broader set of countries with each successive match, with spending eventually rising in more than 60 countries worldwide when Norway played, demonstrating how a pop-up economy can be fueled by fan passion and engagement.^[2]

Moments like this show how fan attention can translate into immediate shifts in economic activity. A major matchup, an unexpected result or a deep tournament run can quickly change travel patterns, increase demand and activate a new pop-up economy in the next destination.

From tourism and local business growth to digital payment adoption, the tournament demonstrated how shared moments of passion can drive commerce at an unprecedented scale. As fans return home, Visa’s data illustrates a lasting legacy, capturing the FIFA World Cup 2026™ as more than a single global event. It was a series of interconnected pop-up economies, each created by the movement, passion and spending of fans. Together, they generated economic opportunity across host communities and demonstrated the role seamless digital payments play in helping businesses serve global demand at speed and scale.

About Visa
Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, 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.com.

^[1] Source: Visa cardholder transactions over VisaNet. This data includes all Visa card-present volume in the U.S. and Canada as well as Visa card-present cross-border volume in Mexico compared against the same period in 2025. Date range for U.S. and Canada is between 6/11-7/19 while date range for Mexico is from 6/11-7/5.
^[2] The analysis in the report was based on aggregated domestic spending data on the number of transactions at entertainment providers, retail goods merchants, specialty food and grocers, quick-service restaurants, full-service restaurants, bars and cafes. The lift is calculated by taking the volume of Visa transactions that occurred during a 12-hour period before and after a match started and comparing it against a comparable typical day of the week and time of day for each country included in the analysis in late May and early June before the FIFA World Cup™ started.

Comms Contact
Conor Febos
press@visa.com

Source: Visa Inc.

Visa Introduces Platform for Stablecoin Minting, Movement and Management

Thu, 16 Jul 2026 10:30:00 -0400

The Visa Stablecoin Platform gives financial institutions, fintechs and other payment providers a single environment to come onchain and run stablecoin operations with Visa.

SAN FRANCISCO--(BUSINESS WIRE)-- Today, Visa (NYSE: V) announced the Visa Stablecoin Platform (VSP), a new enterprise platform designed to help financial institutions, fintechs, and crypto natives access stablecoin capabilities through a single Visa-managed environment.

Building on Visa’s broader crypto strategy, VSP gives FIs, fintechs and other payment providers a simple way to access, store, and redeem stablecoins, beginning with Open USD (OUSD), a new stablecoin recently introduced by Open Standard. This includes onchain wallet infrastructure through a newly introduced Wallet-as-a-Service offering and connectivity for minting and burning Open USD.

“Stablecoins are opening up a new layer of programmable money, but for most institutions the hard part isn’t the concept, it’s the operational reality,” said Jack Forestell, Chief Product and Strategy Officer, Visa. “With the Visa Stablecoin Platform, we’re giving our clients a single place to mint, move and manage stablecoin operations with the controls, security and network reach they already expect from Visa. It’s how we help them turn interest in stablecoins into real products and real payment flows.”

Visa Stablecoin Platform provides direct access to a range of stablecoin capabilities and flows alongside Visa’s network, risk and fraud capabilities, so institutions can move from exploration to implementation with greater confidence. This includes:

Access to Open USD: VSP integrates seamlessly into the Open Standard, providing institutions with direct access to Open USD alongside Visa’s network services. This gives clients a way to easily mint, burn, manage and transfer Open USD, bringing fiat onchain and managing flows in an environment they already trust.
Onchain wallet infrastructure: VSP packages the wallet infrastructure, controls and workflows needed to make stablecoins usable inside real-world treasury, settlement and product stacks for a range of institutional use cases.
Integration into Visa’s network: VSP is designed to enable connectivity of stablecoins into Visa’s network and tools, allowing users to embed stablecoin capabilities into existing payment flows, treasury operations and settlement processes. For existing Visa clients using Visa’s settlement, treasury and currency solutions, VSP provides direct interoperability to seamlessly integrate stablecoins into the workflows and systems they rely on today.
Built for trust on day one: VSP allows institutions to interact with stablecoin flows with the same security and trust that Visa is known for. Users will have access to features like dual-control approval for workflows, where one user initiates a sensitive action and another authorized user must approve it, comprehensive audit logging, and Wallet-as-a-Service features of secure passkeys and allow lists to control transfers, to help provide the level of security and control they require to operate.

VSP is interoperable with Visa's existing stablecoin offerings, including stablecoin settlement, stablecoin-linked cards, and stablecoin money movement. Together, these capabilities provide a full stack of solutions that help FIs and fintechs come onchain and enable crypto platforms to access Visa's global network.

How to get Started

Onboard and operate: Institutions can onboard into a Visa-managed wallet stack or connect existing wallets, creating a single home to manage stablecoin mint, burn, and transfer activity.
Connect bank accounts and controls: Clients can link bank accounts and configure approvals, users and policies to govern who can initiate and approve stablecoin movements.
Mint, move and manage stablecoin operations: From the start, VSP supports minting, redeeming, holding and transferring stablecoins, beginning with Open USD, as part of treasury, settlement and liquidity workflows.

VSP, including Wallet-as-a-Service, is initially available for beta testing with select clients, providing an early opportunity to explore how stablecoins fit into their strategies. As clients test and refine use cases, Visa will use those learnings to inform how and where the platform scales to broader market availability.

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.com.

Media Contacts
press@visa.com
Jackie Dresch
Conor Febos

Source: Visa Inc.

Visa Introduces AI Financial Assistant, Helping Banks Guide Customers from Insight to Action

Tue, 14 Jul 2026 09:00:00 -0400

AI Financial Assistant brings conversational financial guidance into the banking apps consumers already trust for spending and saving.
The Visa Value‑Added Service applies benchmarking insights informed by one of the world’s largest payment networks to deliver personalized recommendations.
Aligned with Visa’s AI and data governance standards, the feature is designed to operate within secure banking environments to meet the needs of banks and their consumers.

SAN FRANCISCO--(BUSINESS WIRE)-- Visa (NYSE: V), a global leader in digital payments, today announced AI Financial Assistant, a new value‑added service designed to help financial institutions evolve their apps for an AI‑driven era. The feature helps banks bring AI-powered financial insights to cardholders under their own brand, look and feel with no custom development required.

More than 66% of surveyed Americans who have used generative AI are turning to AI for financial advice,¹ yet consumers view banks as the most trusted institutions to safeguard personal data.² In fact, 85% say they are willing to share even more data with their bank if there was a clear AI value proposition.³ AI Financial Assistant allows banks to extend that trust into natural, conversational experiences within secure banking environments.

“Consumers are already turning to AI for financial advice—but banks have the full financial picture, can act on it, and are among the most trusted institutions consumers rely on,” said Michele Herron, Senior Vice President and Head of North America Value-Added Services at Visa. “AI Financial Assistant brings those strengths together, combining personalized insights based on a consumer’s own data and pairing it with the ability to act, all right within their bank's app. By simply turning on this service, banks can strengthen relationships with their customers and transform from a passive ledger to a generative AI–enabled financial hub.”

Turning insights into action, inside the mobile banking app

As part of its initial rollout, AI Financial Assistant enables ways for cardholders to:

Stay on top of spending, automatically: Proactive monthly insights surface meaningful changes without setup or manual effort.
Ask and understand instantly: Responses to natural‑language questions are grounded in a cardholder’s own financial activity.
Act in the moment: Lock a card or set alerts directly within the conversation. Future planned enhancements include the ability to connect spending insights and subscription management through Enhanced Subscription Manager.

A modern, unified digital banking experience

AI Financial Assistant is the latest feature of Visa Digital Issuer Solutions, delivering a single chat-based entry point inside the banking app. Financial institutions can connect their FAQs and documents via deep links to surface relevant banking product information, providing cardholders with answers to questions like “Are there any car loan benefits for existing customers?” or “Do you have high-yield savings accounts to help me save for a car?”

While financial institutions can deploy individual capabilities on their own through Visa’s Digital Enablement Software Development Kit (SDK), AI Financial Assistant acts as a central layer that connects existing and new features within the SDK as they come online.

Operating under Visa’s AI and data governance standards, AI Financial Assistant is informed by Visa’s global network of more than 300 billion annual transactions. It combines cardholder behavior, real-time data, and the financial institution’s own data to deliver highly personalized guidance with the security, compliance, and fraud protections banks require.

AI Financial Assistant will be available to U.S. financial institutions for pilot in August 2026, with a planned global rollout to follow.

To learn more, contact your Visa Account Executive and visit Visa Digital Issuer Solutions.

Frequently Asked Questions (FAQ)

What is AI Financial Assistant?

Visa AI Financial Assistant is a value‑added service. It enables financial institutions to offer a conversational, in‑app experience for understanding spending, receiving personalized insights, and taking action, all inside their existing banking apps.

Who is AI Financial Assistant designed for?

AI Financial Assistant is designed for financial institutions looking to increase digital engagement by helping cardholders better understand their finances.

How do consumers benefit from AI Financial Assistant?

Within their issuer’s app, consumers can:

Receive proactive spending summaries
Ask natural‑language questions about their finances
Take guided actions, such as reviewing subscriptions or activating relevant offers

How does AI Financial Assistant fit into Digital Issuer Solutions?

AI Financial Assistant is part of Visa Digital Issuer Solutions, a platform of value‑added services designed to help financial institutions deliver modern, consumer‑focused digital experiences that evolve with customer expectations. By integrating with Visa’s Digital Enablement Software Development Kit (SDK), issuers can access a suite of capabilities through a single integration point including Enhanced Subscription Manager, In-App Provisioning, Digital Card Display and more.

Can issuers customize the experience?

Yes. If a bank chooses to white‑label AI Financial Assistant, cardholders experience the feature as part of their digital banking app. Banks can also configure enrollment, notifications, and supported actions to align with their products, services, and digital strategies.

What AI technology is behind AI Financial Assistant?

Visa’s AI Financial Assistant is powered by Visa’s Data & AI Platform (DAP), which provides secure access to multiple leading AI models. We evaluate models on an ongoing basis to ensure they meet our standards for security, accuracy, compliance, and performance.

About Visa

¹ Credit Karma, “The Rise of Fin-AI: Why Americans Are Trusting Generative AI With Their Wallets.” September 2. 2025.
² 2025 Oliver Wyman Consumer Survey on AI and “Known Unknowns” report, “Is trust the banks’ hidden advantage?” January 2026.
³ 2025 Oliver Wyman Consumer Survey on AI and “Known Unknowns” report, “Is trust the banks’ hidden advantage?” January 2026.

Media Contacts
Victoria Khamsombath
press@visa.com

Source: Visa Inc.

Visa Research: The Great Wealth Transfer Is Already Reshaping How Americans Spend

Wed, 08 Jul 2026 09:00:00 -0400

Visa Business and Economic Insights (VBEI) estimates $36 trillion will transfer to younger generations over the next 20 years, with much of the impact already visible in housing, travel and major purchases

After accounting for liabilities, removing the top 1 percent of households and subtracting retirement spending, taxes and fees, approximately $36 trillion of boomers’ $93 trillion in assets will transfer to heirs over the next 20 years
Nearly 75 percent of inheritance recipients already have a higher net worth, meaning most transferred wealth is likely to be saved or invested rather than spent
The $8 trillion expected to be spent creates a targeted lift concentrated mostly in autos, housing, travel and retail
The transfer is underway: one in four millennial homeowners received parental down payment assistance, and skip-generation travel is rising as boomers increasingly choose to share their wealth earlier

SAN FRANCISCO--(BUSINESS WIRE)-- New research from Visa Business and Economic Insights (VBEI) finds that the great wealth transfer is already influencing major financial decisions, from home purchases to travel and long-term saving. The research estimates that approximately $36 trillion will transfer from baby boomers to Gen X and millennial households over the next 20 years.

The findings also show that most of this wealth will flow to households that are already financially secure, making the spending impact more targeted than transformational.

“For businesses in big-ticket sectors like housing and travel, this is not a future trend to watch,” said Wayne Best, chief economist at Visa. “It is already influencing consumer decisions—and shaping where growth will be distributed in the years ahead.”

The transfer is large, but more concentrated than it appears

Baby boomers hold at least $93 trillion in assets, more than three times U.S. GDP. However, VBEI finds that the amount that reaches heirs is reduced significantly once you factor in debt, retirement spending, taxes, and the wealth held at the very top. The result: approximately $36 trillion transferring to Gen X and millennial households over the next 20 years, equivalent to roughly $515,000 per inheriting household.

Most transferred wealth will be saved or invested

Nearly 75 percent of those receiving an inheritance already have a higher net worth than the median household.¹ As a result, $28 trillion of the $36 trillion is likely to be saved or invested. This dynamic represents a significant opportunity for banks, wealth managers, and fintech firms competing for assets from newly inheriting households over the next two decades.

The spending lift is real but targeted to specific categories

The impact will likely show up most in the areas where consumers are already making major financial decisions.

Spending on autos is expected to see a 6.4 percent average annual lift over the next 20 years.²

Overall, the $8 trillion expected to flow into consumer spending will lift annual real spending growth by approximately 0.1 percentage point per year through 2046, a modest boost rather than a major shift in the economy.³

Families are choosing to share wealth earlier

More families are transferring wealth earlier while they can see its impact. One in four millennial homeowners received parental down payment assistance, and 26 percent reported they would not have been able to purchase their current home without it. More than half of individuals expecting to receive an inheritance cite it as critical to their ability to purchase a home, a figure that rises to 69 percent among millennials.

In travel, 28 percent of grandparents have already taken a skip-generation trip with their grandchildren, without the children’s parents, and 35 percent plan to do so within the next three years.

66 percent of boomers say they want to enjoy their wealth or have heirs enjoy it while they are alive, compared to 34 percent who plan to preserve it for after death.⁴

What this means for consumers and businesses

For consumers, family financial support may help younger households buy homes, travel and reach major milestones sooner

For businesses, the opportunity will be focused in sectors where inherited wealth is already driving major purchases, especially housing, autos, travel, retail and financial services

For financial institutions, inherited wealth creates an opportunity to support households as they save, invest or purchase property

The full report is available at https://usa.visa.com/partner-with-us/visa-consulting-analytics/economic-insights/great-wealth-transfer-reality-check.html

Methodology

VBEI’s analysis is based on internal economic modeling, data from the Federal Reserve Board, the U.S. Department of the Treasury and the U.S. Department of Labor, as well as third-party consumer survey research.

FAQ

How large is the great wealth transfer?
Visa Business and Economic Insights estimates that about $36 trillion will transfer from baby boomers to Gen X and millennial households over the next 20 years, after accounting for debt, retirement spending, taxes and other factors.

How much of that wealth will actually be spent?
Only a portion—about $8 trillion—is expected to translate into consumer spending, as most recipients are already financially secure and more likely to save or invest what they receive.⁵

Where will the spending impact be most visible?
The impact is expected to be concentrated in housing, autos, travel and retail, where consumers are already making major financial decisions.

Is this a future trend, or is it happening now?
The transfer is already underway, showing up in real-time decisions like down payment assistance for homebuyers and increased multigenerational travel, as more families choose to share wealth earlier.

About Visa Business and Economic Insights (VBEI)

Visa Business and Economic Insights (VBEI) provides data-driven analysis of global economic trends, consumer spending patterns and the evolution of digital commerce, drawing on proprietary VisaNet transaction data, economic modeling and third-party research. The team publishes regular research across macroeconomics, consumer behavior and payments innovation. To subscribe: https://globalclient.visa.com/visaeconomicnews-subscribe

About Visa

Forward-Looking Statement

This release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to, among other things, our economic outlook. Forward-looking statements are generally identified by words such as “believes,” “estimates,” “expects,” “intends,” “may,” “projects,” “could,” “should,” “will,” “continue” and other similar expressions. All statements other than statements of historical fact could be forward-looking statements, which speak only as of the date they are made, are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond our control and are difficult to predict. We describe risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, any of these forward-looking statements in our filings with the SEC. Except as required by law, we do not intend to update or revise any forward-looking statements as a result of new information, future events or otherwise.

Disclaimer

The views, opinions, and/or estimates, as the case may be (“views”), expressed herein are those of the Visa Business and Economic Insights team and do not necessarily reflect those of Visa executive management or other Visa employees and affiliates. This presentation and content, including estimated economic forecasts, statistics, and indexes are intended for informational purposes only and should not be relied upon for operational, marketing, legal, technical, tax, financial or other advice and do not in any way reflect actual or forecasted Visa operational or financial performance. Visa neither makes any warranty or representation as to the completeness or accuracy of the views contained herein, nor assumes any liability or responsibility that may result from reliance on such views. These views are often based on current market conditions and are subject to change without notice.

¹ Sources: Visa Business and Economic Insights and Federal Reserve Board

² Sources: Visa Business and Economic Insights and U.S. Department of Labor

³ Source: Visa Business and Economic Insights

⁴Sources: Visa Business and Economic Insights, LendingTree, Charles Schwab High Net Worth Investor Survey (December 2024) and U.S. Family Travel Survey (2025)

⁵Source: Visa Business and Economic Insights

Media Contact
Raelle Alfaro | press@visa.com

Source: Visa Inc.

Visa to Announce Fiscal Third Quarter 2026 Financial Results on July 28, 2026

Tue, 07 Jul 2026 16:05:00 -0400

SAN FRANCISCO--(BUSINESS WIRE)-- Visa (NYSE: V) will report its fiscal third quarter 2026 financial results on Tuesday, July 28, 2026. After market close, Visa will furnish the results with the Securities and Exchange Commission and post them, along with accompanying financial information, on the Visa Investor Relations website. Visa will issue a news wire alert when the earnings materials are publicly available, including a link to those documents.

Visa’s executive management team will then host a live audio webcast beginning at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss financial results and business highlights.

All interested parties are invited to listen to the live webcast at investor.visa.com. A replay of the webcast will be available on the Visa Investor Relations website for 30 days.

Visa is currently in its customary “quiet period” during which time company executives will not be interacting with the investment community. This quiet period will be in place until fiscal third quarter 2026 earnings are publicly available on July 28, 2026.

About Visa

Investor Relations: Jennifer Como, 650-432-7644, InvestorRelations@visa.com

Media Relations: Fletcher Cook, 650-432-2990, Press@visa.com

Source: Visa Inc.

Visa: AI and Digital Commerce Power Global Economy Growth Amid Rising Costs

Tue, 30 Jun 2026 09:00:00 -0400

SAN FRANCISCO--(BUSINESS WIRE)-- The global economy is expected to grow 2.4% in 2026, according to Visa Business and Economic Insights’ (VBEI) 2026 Midyear Global Economic Outlook. While higher energy prices are squeezing household budgets and creating fresh challenges, a surge in business investment—particularly in artificial intelligence, clean energy, and strategic industries—is helping offset the strain on consumers and keep the economy moving forward.

“As digital commerce continues to reshape how people shop and pay, consumers are finding more ways to compare prices and stretch their budgets, helping to keep inflation in check,” said Wayne Best, chief economist at Visa. “We’re also seeing business investment rising sharply, with companies building out AI, clean energy and stronger supply chains at levels we haven’t seen since 2010—a trend that is helping support global growth.”

The report explores three forces shaping the global economy: resilient consumers adjusting rather than retreating, digital commerce acting as a relief valve on prices, and a wave of business investment powering through uncertainty.

Consumer spending is adjusting, not collapsing

Even as higher costs weigh on household budgets, VBEI data shows discretionary spending holding relatively steady—evidence that consumers are adapting their behavior and seeking deals rather than pulling back sharply. Increasingly, that deal-seeking is happening online, where shoppers can compare prices and find lower-cost alternatives more easily than ever.

Digital commerce helps contain prices

In smaller, “peripheral” cities, online adoption has nearly doubled since before the pandemic—rising from about 31% to 56% across the nearly 600 cities VBEI analyzed. The trend spans markets as varied as Bern, Switzerland, and San Juan, Puerto Rico, where online shopping has climbed sharply since 2019. As more shoppers gain the power to compare prices and find alternatives, these markets are seeing stronger competition and lower inflation, helping ease the pressure on households as energy costs climb.

A global investment boom is powering growth

The global economy has entered its strongest industrial investment cycle since 2010. Capital spending by the world’s three largest economies—the U.S., EU, and China—is rising in tandem as businesses race to build out AI capabilities, transition to cleaner energy sources, and secure strategic supply chains. This broad-based uptick in investment is helping carry the economy.

Key Takeaways

Are consumers pulling back as costs rise?

Visa economists describe the current environment as “more like adjustment than collapse.” Even as higher costs weigh on household budgets, discretionary spending is holding relatively steady, with tentative signs of firming—evidence that consumers are adapting their behavior and seeking deals rather than retreating. This also marks a softer starting point than earlier in the decade, which should limit how high prices ultimately climb.

How is digital commerce helping?

By giving consumers more ways to find value. As online shopping spreads beyond major hubs into smaller, “peripheral” markets, shoppers can compare prices and find lower-cost alternatives more easily. Markets with higher online penetration are seeing stronger price competition and lower inflation—extending the inflation-constraining effects of digital commerce into more communities.

What is keeping growth on track?

A broad-based surge in business investment. The global economy has entered its strongest industrial investment cycle since 2010, with the U.S., EU, and China investing in tandem across AI, clean energy, and strategic supply chains. As this investment broadens into jobs, it is helping support household spending and carry the economy through higher energy costs.

Access the full report at https://usa.visa.com/partner-with-us/visa-consulting-analytics/economic-insights/2026-another-precedent-shattering-year.html

About VBEI’s 2026 Midyear Global Economic Outlook

Visa Business and Economic Insights’ (VBEI) 2026 Midyear Global Economic Outlook provides analysis of global economic trends, consumer behavior and the evolution of digital commerce, based on proprietary Visa transaction data, economic modeling and analysis of emerging trends.

About Visa Business and Economic Insights (VBEI)

About Visa

Forward-Looking Statement

Disclaimer

Media Contact:
Raelle Alfaro | press@visa.com

Source: Visa Inc.

Visa Redefines Its Role in Travel With the Global Launch of Visa Destinations

Thu, 25 Jun 2026 10:00:00 -0400

A new consumer Visa travel platform is now live across 10 locations, including flagship cities such as Paris, London and New York City, with more destinations to be added later this year.
This platform connects Visa cardholders with curated experiences and exclusive access aligned to passion-led travel pillars through a consumer mobile-first platform.
Global anchor partners include Santander Group, Global Blue, Star Alliance, and Trip.com Group, leaders across the financial and travel ecosystem.

SAN FRANCISCO--(BUSINESS WIRE)-- Visa (NYSE: V), a global leader in digital payments, today announced the launch of Visa Destinations, a passion-led travel platform live in 10 major locations around the world, as the company redefines its role in the rapidly growing experience-driven travel economy.

The move marks a strategic expansion of Visa’s role beyond payments, positioning the company at the center of how travelers discover, plan and experience trips. According to Visa research, travelers are increasingly choosing destinations based on passion, purpose, and experiences, not just geography. In 2025 alone, 4 in 10 American travelers made a trip to experience music, sports or art festivals¹, with major cultural moments acting as magnets for international visitors and catalysts for local economies.

Available exclusively to Visa customers, through a mobile-first platform, Visa Destinations is designed around why people travel, whether they are drawn by food, fashion, sports or simply wandering the streets for hidden gems, it delivers tastemaker recommendations, city guides, and curated experiences to support Visa’s shift from being the way to pay for travel to becoming a travel companion.

“Travel is expected to grow 10% annually over the coming years². It consistently shows resilience to the world’s events and consumers protect it. Our latest Visa Global Travel Intentions Study indicates customers will cut back on everyday spending to save for planned travel,” said Katya Petelina, Head of Global Cross-Border and Global Sales & Commercial Operations at Visa. “With Visa Destinations, we are accompanying travelers throughout their journey and helping them discover the moments that make a destination memorable, while giving our issuers and merchant partners a meaningful way to participate in the economic growth that travel creates.”

Visa Destinations is available and curating experiences in 10 locations, including Paris, London, Dubai, Milan, Rome, Mexico City, New York City, Miami, San Francisco and Thailand.

Once on board, cardholders can enhance their trips through curated offerings across dining, entertainment, culture, hospitality, wellness, shopping and transport, such as exclusive viewing moments and Priority Access to Top of the Rock Observation Deck at Rockefeller Center in New York City and the Louvre in Paris, as well as dining experiences tastemakers recommend.

Premium cardholders, including Visa Infinite and Visa Signature, can enjoy enhanced benefits and tailored travel experiences.

Strong partnerships behind Visa Destinations

Visa has partnered with global leaders across the financial and travel ecosystem to increase the platform’s value proposition. Global anchor partners include financial institution Santander Group, promoting Visa Destinations to their customers in key regions around the world, and travel partners Global Blue, Star Alliance, and Trip.com Group. Together, these partnerships provide Visa cardholders with exclusive access, premium benefits, and locally distinctive experiences that bring cardholders closer to the character of each destination.

“At Santander, we believe travel is about creating meaningful memories and discovering unique experiences that connect people with destinations,” said Matías Sánchez, Global Head of Cards and Digital Solutions at Santander. “Through our partnership with Visa, we are bringing exclusive opportunities to our customers across ten key markets, giving them access to extraordinary experiences in music, sports, fashion, gastronomy and culture that can only be enjoyed through this global collaboration.”
"We are delighted to partner with Visa to bring the value of the Tax Free Shopping experience to travelers using Visa Destinations. In doing so, international travelers benefit from increased purchasing power, a seamless and guaranteed refund process, and an enhanced shopping journey while immersing themselves in the destination of their choice," said Virginie Alem, Global Blue Chief Marketing Officer.
“As the leading global airline alliance, Star Alliance is uniquely positioned to offer travelers access to unmatched reach through our 26 member airlines, enabling seamless multi-airline journeys. This partnership with Visa will deliver great value to travelers through exclusive experiences that will make every journey even more memorable. We are excited about the opportunities this collaboration will unlock,” said Renato Ramos, Vice President Corporate Strategy, Star Alliance.
“Travel should always be inspiring, intuitive, and rewarding. That is why at Trip.com Group, we are constantly reimagining how journeys are planned and experienced – with simplicity at every touch point. Our collaboration with Visa brings this vision to life, combining secure, seamless payments with curated travel offerings and elevated benefits, turning every journey into something truly extraordinary,” said Sun Bo, Chief Marketing Officer at Trip.com Group.

Beyond serving travellers, Visa Destinations supports Visa’s broader strategy to deepen digital commerce, enable seamless cross-border payments, and help travel-related businesses capture greater value from global tourism.

About Visa

¹ Visa’s Global Travel Intentions Study 2026
² Boston Consulting Group

Media Contact
Erandi Valdez
Global Cross-Border Communications
evaldez@visa.com

Source: Visa Inc.

Visa Announces New AI, Stablecoin and Token Innovations to Power Intelligent, Programmable Commerce at Visa Payments Forum

Wed, 10 Jun 2026 14:00:00 -0400

New Agent Scoring, Agentic Registry and Large Transaction Model capabilities, stablecoin settlement and token enhancements support the next gen of digital commerce

SAN FRANCISCO--(BUSINESS WIRE)-- At Visa Payments Forum 2026, Visa (NYSE: V) today announced new AI, stablecoin and token capabilities designed to help clients unlock the next generation of commerce. These innovations reflect a simple objective: ensuring trust, security and control evolve alongside increasingly fast, automated and intelligent commerce experiences.

In a keynote presentation, Jack Forestell, Chief Product & Strategy Officer at Visa, outlined how two foundational shifts—artificial intelligence and stablecoins—are transforming both the front end and back end of money movement, and how Visa is enabling clients to participate.

“AI is transforming the front end of commerce. Stablecoins are reshaping the back end,” said Forestell. “Visa’s role is to enable it to work securely, reliably and at global scale, for every participant in the ecosystem.”

Powering the Front End of Commerce—and How It Gets Built—with AI

Visa detailed how AI is reshaping how transactions are initiated, authorized and trusted—while also accelerating how new commerce experiences are designed, developed and delivered, particularly as AI agents increasingly act on behalf of consumers and businesses.

Visa Intelligent Commerce, the company’s platform for agentic commerce, provides the trust, controls and connectivity needed for AI agents to securely discover, initiate and complete transactions.

To support this shift, Visa is working across the ecosystem—partnering with leading AI platforms, enabling new merchant capabilities and building infrastructure to ensure agent-initiated transactions are transparent and trusted, including:

Agent Score: Created with New Generation, it allows merchants to evaluate their websites for agentic commerce readiness—specifically, whether AI agents can navigate, understand and complete tasks on a merchant’s website.
Agentic Directory: Merchants need to know which agents can be trusted to transact on their sites, and agents need confidence that they are interacting with legitimate merchants. The directory includes agents and merchants that Visa has verified as legitimate participants in agentic commerce.
OpenAI Partnership: a strategic collaboration with OpenAI to enable secure Visa payments within agentic commerce, enabling seamless and trusted payments across OpenAI. Through the partnership, Visa will provide its global network, credentialing capabilities and security infrastructure to support agentic commerce experiences, helping consumers and businesses interact and transact with confidence.
Large Transaction Model: An AI model trained on billions of transactions to improve fraud detection while increasing authorization performance and reducing false declines—a trade-off the industry has struggled with for years.

Visa also demonstrated early development concepts from its Crypto Labs and developer teams. This included a Command Line Interface proof of concept that lets AI agents pay for digital services directly in the terminal using Visa’s tokenized credentials.

“We believe a growing share of creation and transactions will be led by developers using AI tools,” said Forestell. “We are working with the industry to make cards the best way to pay in the Command Line.”

Enhancing Tokens for AI-Driven Commerce

Visa announced significant enhancements to its tokens, focused on bringing more data, context and assurance into the credentials used in digital commerce.

Today, tokens already carry a highly secure data set purpose-built for digital payments. As commerce extends to new channels and agents, Visa is enriching the data to provide more details on the transaction type, where the token is being used and who is making the payment.

A second key advancement is a token assurance signal. Token use is evaluated throughout its lifecycle—based on provisioning and behavioral history—to generate a signal of trust behind each transaction.

These enhancements provide issuers with stronger signals for authorization decisions, helping reduce false declines for merchants while minimizing friction for consumers.

Designed for AI-driven commerce, these developments embed identity, permissions and behavioral signals more deeply into credentials—allowing trust to travel with the transaction across devices, channels and use cases, including those initiated autonomously by AI agents.

Modernizing the Back End of Money Movement with Stablecoins

Visa also shared progress in modernizing settlement and value transfer through stablecoins and blockchain-based infrastructure.

Tokenized Deposits: Visa announced it will build the technology layer that can allow banks to turn traditional deposits into programmable, always-on digital money. This gives banks a way to match the speed and flexibility of stablecoins while keeping funds on balance sheet.
Stablecoin Settlement : Visa is expanding stablecoin settlement pilots across multiple regions, blockchains and currencies. Building on its first stablecoin settlement pilots in early 2025, Visa has moved billions of dollars in stablecoins across VisaNet, with an annualized run rate of approximately $7 billion as of March 2026. With issuing banks already settling seven days a week onchain with Visa, Visa is also working to extend seven-day settlement to include acquirers, increasing flexibility and frequency across the entire ecosystem.
Stablecoin-Linked Cards : Visa continues to expand stablecoin-linked card programs, enabling consumers and businesses to spend stablecoin balances anywhere Visa is accepted. With more than 160 programs live or in development globally, adoption is expected to accelerate.

Helping Clients Modernize Without Disruption

Across these innovations, Visa emphasized a consistent theme from clients: modernization is essential, but full system replacement is not practical. Visa is addressing this with modular, cloud-native capabilities that integrate with existing infrastructure and enable banks, fintechs, acquirers and merchants to modernize at their own pace.

For issuers, the Pismo core banking platform enables flexible, real-time banking and processing capabilities with a phased path away from traditional systems.
For acquirers and merchants, Unified Checkout provides a consistent way to accept both card and non-card payments through a single orchestration layer—supporting evolving commerce models, including AI-driven transactions. Visa Intelligent Authorization uses real-time network signals and advanced models to help acquirers and their merchants optimize authorization approvals and capture incremental spend that might otherwise be declined.

Leading the Evolution of Commerce

Taken together, the announcements at Visa Payments Forum reflect a clear vision: Visa is becoming the platform that connects AI, programmable money, modern infrastructure and global trust so clients can win now and be ready for what’s next.

“History is filled with innovations that never reached scale,” said Forestell. “What determines success is trust, security and global reach. That’s what Visa brings to every new era of commerce – and what we’re building for the future.”

About Visa

Media Contacts
Conor Febos - press@visa.com
Jackie Dresch - press@visa.com

Source: Visa Inc.