Visa’s fiscal fourth quarter results underscored the payment network’s traction beyond card payments, as new payment flows in particular gained momentum. Commentary from the call and from the earnings supplement and earnings release show that overall payments volume grew 8% year over year.
In the United States, payments volume grew 5%, and international payments volume grew 10%. Cross-border volume, excluding intra Europe, rose 13%. In consumer payments, CEO Ryan McInerney detailed that Visa’s credential count was up 7% year over year, to 4.6 billion, and has issued cumulatively 11.5 billion tokens.