Visa Inc. Presents at Piper Sandler Virtual Global Exchange and FinTech Conference, Jun-04-2020 12:30 PM - NYSE:V

NYSE:V

**- Alfred Francis Kelly, CEO of Visa, discussed the company's global operations and management during the pandemic, emphasizing the importance of strong local leadership and communication.

• Visa has 130 offices in 76 countries and settles transactions in 160 currencies nightly.

• The company has a robust executive team with diverse experience and a strong talent pipeline, regularly reviewed by the Board.

• Visa appointed Chris Newkirk as Chief Strategy Officer, highlighting the company's commitment to strategic growth.

• Contactless payments, or "tap to pay," are growing rapidly, especially in the U.S., and are expected to displace cash transactions.

• Visa postponed pricing changes to avoid further economic disruption during the pandemic.

• E-commerce transactions, excluding travel, saw a 40% year-over-year increase in May, presenting a significant opportunity for growth.

• Visa provides value-added services like fraud protection and the CyberSource platform to support e-commerce.

• The company maintains a balanced approach to partnerships, supporting both traditional banks and fintechs.

• Visa won key bank mergers, including Truist and TCF, by focusing on brand, capabilities, and growth-oriented partnerships.

• Visa offers consulting, risk services, and data analytics to help card issuers navigate the challenging economic environment.

• The company's incentive structure is aligned with client performance, with a focus on payment volume.

• Visa views competition as multifaceted, with many players being both partners and competitors, and maintains strong relationships with major tech companies.**