Visa CEO Discusses Cross-Border Growth, AI Advancements, and Stablecoin Expansion
Visa's CEO Ryan McInerney highlighted continued strength in consumer spending and cross-border payment growth during a company event. Global transaction volume grew approximately 10% year-over-year through August, with cross-border activity accelerating to around 14%. The U.S. business saw roughly 6-8% annualized growth over the past 18 months, reaching $7 trillion in size. McInerney emphasized Visa's strategic investments in artificial intelligence and cybersecurity, noting that generative AI has significantly boosted productivity across product development teams—increasing code commits by 80%, reducing design time by 80%, and speeding feature development by 65%. The company is also expanding its stablecoin initiatives with over 200 programs active in 50 countries. Additionally, Visa plans to invest €500 million in Europe to address regional payment-sovereignty concerns. The CEO attributed the firm's performance to a long-term strategy and strong leadership execution across key areas like value-added services, consumer payments, and cybersecurity.
Topics: AI adoption cross-border payments cybersecurity payment technologies stablecoins