Visa Reports Strong Q2 2024 Earnings, Beats Analyst Expectations

Visa Inc. sees robust growth in payments and cross-border volumes, with significant advances in contactless payments and new partnerships.

Visa's Q2 2024 earnings surpassed analyst expectations with a 10% increase in revenue and an 8% rise in overall payments volume.
Cross-border payments volume saw double-digit growth, despite a slowdown in Asia due to economic challenges in China.
Contactless payments now represent 79% of in-store transactions globally, with significant adoption in the U.S.
Visa Direct transactions increased by 31%, contributing to a 14% rise in new-flows revenue growth.
The company continues to expand its services, including fraud protection tools and open banking capabilities, to drive further growth.