Visa plans to cut about 2,600 jobs, roughly 7% of its workforce, mainly in technology and product operations. CEO Ryan McInerney highlighted AI's role in transforming work processes but noted it was not the sole reason for layoffs. The company aims to reinvest in growth areas such as affluent customers, cross-border payments, business remittances, and geographic expansion. Visa will report its quarterly earnings soon, reflecting its strategic shift amid evolving commerce trends and cost management.
Visa reported a 15-fold increase in stablecoin settlement volume over the past year, highlighting growth in new payment technologies alongside its core business hitting record quarterly payment volumes above $4 trillion. While stablecoin-linked card ...
Visa is capitalizing on AI by enhancing agentic commerce and productivity, driving a 33% year-over-year revenue increase in Q3. The company sees stablecoins as a growth opportunity, building infrastructure across various coins and payment formats. Al...
