Visa's Growth Accelerates With Rising Tap To Phone Adoption

Visa Inc. V recently announced that Tap to Phone witnessed 200% growth in the past year. The United States, UK and Brazil witnessed a combined adoption rate of 234%. In a world where convenience and efficiency are paramount, Visa’s Tap to Phone technology is revolutionizing digital payments. This technology is enabling millions of businesses, from major retailers to small market vendors, to accept payments seamlessly using just their smartphones.Tap to Phone eliminates the need for traditional POS hardware by allowing sellers to turn their NFC-enabled smartphones into payment terminals with a simple app download. This innovation is breaking barriers for SMBs and micro sellers, with nearly 30% of Tap to Phone sellers being newly established businesses. By democratizing access to digital payment tools, Visa is empowering entrepreneurs worldwide to streamline operations and enhance customer experience.Tap to Phone is now live in 118 markets. The number of phones and transactions has doubled and tripled, respectively, in the past year. With rising transactions, Visa's payment volume will increase, lifting its top-line growth in the future. Large retailers can equip employees with mobile payment capabilities, reducing wait times and improving service.Visa continues to expand its tap solutions, introducing features like Tap to Add Card, which simplifies adding debit or credit cards to digital wallets, and Tap to Confirm for secure authentication of high-value transactions. Additionally, Tap to Send and Request will soon allow users to transfer money seamlessly between devices, with Samsung Galaxy leading the rollout. This function will be rolled out in late 2025.Visa's Price PerformanceShares of Visa have gained 29.5% in the past year compared with the industry’s 25.5% growth.Image Source: Zacks Investment ResearchV’s Zacks Rank & Other Key PicksVisa currently carries a Zacks Rank #2 (Buy).Some other top-ranked stocks in the Business Services space are Sezzle Inc. SEZL, PayPal Holdings, Inc. PYPL and Remitly Global, Inc. RELY.Sezzle currently sports a Zacks Rank #1 (Strong Buy), and PayPal Holdings and Remitly Global carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.The bottom line of Sezzleoutpaced estimates in each of the last four quarters, the average surprise being 142.4%. The Zacks Consensus Estimate for SEZL’s 2025 earnings indicates an improvement of 19.9% from the year-ago figure. The same for revenues implies growth of 30.4% from the prior-year tally. The consensus mark for SEZL’s 2025 earnings has moved 5.2% north in the past 30 days.PayPal’searnings outpaced estimates in each of the trailing four quarters, the average surprise being 14.3%. The Zacks Consensus Estimate for PYPL’s 2025 earnings indicates an improvement of 8% from the year-ago figure. The same for revenues implies growth of 3.7% from the year-ago actual. The consensus mark for PYPL’s 2025 earnings has moved 2.2% north in the past 30 days.The bottom line of Remitly Globaloutpaced estimates in each of the last four quarters, the average surprise being 58.8%. The Zacks Consensus Estimate for RELY’s 2025 earnings indicates an improvement of 115.8% from the year-ago figure. The same for revenues implies growth of 24% from the prior-year tally.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Visa Inc. (V): Free Stock Analysis Report PayPal Holdings, Inc. (PYPL): Free Stock Analysis Report Remitly Global, Inc. (RELY): Free Stock Analysis Report Sezzle Inc. (SEZL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks