Visa's Infinite Runway

popularfintech.com

4 pointskazanins3 comments

> Visa is also strengthening its account-to-account payment capabilities. While regulators blocked Visa from acquiring Plaid, the company went on to acquire Plaid’s European competitor, Tink, and brought it to the U.S.

One way in which their runway is not infinite is if regulators lose patience for the duopoly between Visa and MasterCard, and do more than just blocking acquisitions. It is possible as well that the US administration’s pro crypto stance leads to some development that greatly disturbs that duopoly.

They are struggling for relevance now that FedNow has gone live, enabling value transfer up to $1M with a 20 second SLA for a few cents per transaction between connected financial institutions.

Look at payment volume of credit cards in India and Brazil considering their instant payment systems (UPI and Pix, respectively). Walmart is preparing to roll out pay by bank in their app, to sidestep credit card rails fees, which cost them >$1B/year.

Notes from Visa Investor Day 2025

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