Visa: Tap-To-Pay Gains Steam As B2B Volume Hits $1T, Annualized

Visa posted fiscal Q4 earnings results that topped expectations, driven by high single-digit percentage growth in payments volume and cross-border transactions — and where management said that B2B transactions topped $1 trillion on an annualized basis. In terms of the high-level numbers, revenues were up 13.1 percent year on year to $6.1 billion, besting estimates by $60 million. Adjusted earnings per share came in at $1.47, above the Street by $0.04.

Drilling down into the numbers, supplemental materials offered by the payments giant showed that total payments volume was up to $2.2 trillion for the quarter. Within that figure, debit payments were up 11 percent in constant dollars to $1 trillion, while credit transactions were up 7 percent to $1.2 trillion. Total transactions and processed transactions were both up 11 percent to a respective 53.2 billion and 36.4 billion.

Cards in the field, so to speak, were up 4 percent year on year to 3.4 billion, as measured company wide. Visa said that international transaction revenues gained 11 percent to $2.2 billion.

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