VISA Reports Healthy Payment Metrics

VISA Card Digital MomentumFor VISA Cards, US and Int’l payment volume growth held steady in the quarter. US purchase volume growth (+10% YoY) remained steady at last quarter’s level as tailwinds from the Chase credit portfolio conversion (from MA) were somewhat shadowed by slight deceleration in debit volume growth (likely a result of lower gas prices). International payment volume growth also remained steady in local currency. Most notably, crossborder volume growth, which had been anemic for several quarters, ticked up nicely from 7% last quarter to 10%, driven by a pick up in the EU travel from the Middle East, China, and Australia.

VISA extended a multiyear agreement with Bank of America, its second largest issuer, on both the credit and debit side that will allow

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Is Apple Pay a Threat to VISA ?

Apple Pay Threat on VISASilicon Valley innovator Apple Inc has unveiled Apple Pay electronic Payment Platforms using SmartPhones and NFC threatening older and established players like VISA and MasterCard. We analyzed on if it will be a threat in disrupting the card payment industry and here is our finding. Unlike PayPal, Apple Pay is not a P2P Payment mechanism.

One must appreciate how critical the payment networks(VISA) are in facilitating Apple Pay and how tokenization furthers the importance of the networks in

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Bank of Baroda Launches Signature VISA Card with Chip

BOB Credit CardBank of Baroda’s (BOB) subsidiary – BOBCARDS has launched Bobcard Signature Card in affiliation with VISA. The card was launched by the bank to commemorate the 19th Foundation Day of BOBCARDS.

Bobcard Signature Card is designed to suit the lifestyle and status of the super premium segment. As required by the latest RBI Guidelines, the Card is equipped with the security of CHIP so as to prevent

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