Visa (V) Shares Updates at Goldman Sachs Conference

Visa Inc. (NYSE:V) is one of the 10 Unrivaled Stocks of the Next 3 Years. On September 9, Visa Inc.’s (NYSE:V) Chief Product and Strategy Officer, Jack Forestell, presented at the Goldman Sachs Communacopia + Technology Conference.

Forestell pointed out that in August, cross-border transactions increased by about 11%, excluding intra-Europe. Spending was strong in August, similar to July’s performance. Visa Inc.’s (NYSE:V) tap-to-pay technology is at 78% penetration at physical points of sale. However, in the US, the number is 63%, which means there is still significant growth potential in the US market.

Visa Direct saw a 25% rise in transaction volume in the latest quarter and it was highlighted as an important growth driver. The value-added services portfolio also grew by 26% in the second quarter.

Visa Inc. (NYSE:V) is focused on integrating stablecoins into its payment network. Forestell noted that stablecoin settlement volume has reached a run rate of $1 billion.

Looking ahead, Visa Inc. (NYSE:V) aims to capture a larger share of the $23 trillion cash, check, and ACH payment market. The company is also focused on expanding tap-to-pay penetration, especially in the US market.

Visa Inc. (NYSE:V) is an American multinational digital payments company that provides a wide range of payment products and payment processing to facilitate electronic payments in over 200 countries and territories.

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Disclosure: None. This article is originally published at Insider Monkey.