Visa Inc.’s (V) stock is trading slightly higher on Tuesday following the announcement of its new Money Movement Advisory Practice. This service, launched by Visa Consulting & Analytics (VCA), is aimed at helping clients and partners navigate the complex and rapidly growing global money movement industry.
The estimated $200 trillion market presents significant opportunities for businesses looking to facilitate seamless payments and mobile experiences. Visa’s new practice directly addresses this demand by offering tailored solutions and strategic guidance to help clients seize these opportunities.
The Money Movement Advisory Practice focuses on providing a comprehensive range of services, encompassing various methods for transferring funds across platforms. These services connect clients to a vast network of 8.5 billion endpoints across 190 countries and territories, supporting 160 currencies. This expansive reach allows clients to tap into a truly global financial ecosystem.
VCA Implementation Support and Services will also play a crucial role in enabling clients to effectively integrate and utilize Visa’s money movement solutions. This support will help accelerate product integration, shorten time to market, and promote rapid adoption of these innovative solutions.
Kate Manfred, North America Head of Advisory Services at Visa, highlighted the growing demand for quick and reliable payment options. “Clients are actively seeking effective strategies to meet the increasing customer demand for quick, reliable payments,” she said. “Visa can be their strategic partner, offering innovative solutions for money movement that will drive new sources of growth and customer retention.”
Investors interested in participating in Visa’s growth can gain access to the stock through exchange-traded funds such as iShares U.S. Financial Services ETF (IYG) and SPDR Select Sector Fund – Financial (XLF).
At the last check on Tuesday, V shares were up 0.25% at $268.87.
