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Visa (V) Extends PayPal Partnership to Serve Asia Pacific
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Global payments technology company Visa Inc. (V - Free Report) and PayPal Holdings, Inc. (PYPL - Free Report) will now be providing services in the Asia Pacific region through their partnership.
Visa and PayPal entered into a partnership last July which put an end to a decade-old friction between credit card network companies and PayPal over online transactions as the former encroached upon the latter’s share of online payments and digital wallets. Paypal also formed a similar alliance with another credit card processor MasterCard Inc. (MA - Free Report) .
Visa has been busy forming numerous pacts and alliances which have beefed up its business volumes. The company’s strong performance is also reflected in its share price which added 13.02%, higher than the 10.9% gain for the Zacks categorized Financial Transaction Services industry, since it forged the partnership with Paypal.
Visa and PayPal’s joint presence in Asia Pacific is an extension of the partnership between the two. Their partnership will help those banks issuing Visa cards in Asia Pacific to check out wherever PayPal is accepted online. It also expands the use of PayPal to retailers that accept Visa in physical locations.
Consumers and merchants will be benefited from this alliance and the joint service by both Visa and Paypal since it will provide them a secure, reliable and convenient digital and mobile payments option.
While Visa provides a card network, PayPal acts as a payment gateway for processing payments. Both companies are leaders in their space and a partnership between them largely benefits for companies as well as consumers.
Visa with a Zacks Rank #2 (Buy) is an attractive investment opportunity. The stock witnessed an upward revision in the Zacks Consensus Estimate for fiscal 2017 earnings over the past 90 days to $3.31. This translates into a year-over-year growth rate of 16.7%.
Fiserv beat estimates in two of the last four reported quarters, with an average positive surprise of 1.2%.
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Visa (V) Extends PayPal Partnership to Serve Asia Pacific
Global payments technology company Visa Inc. (V - Free Report) and PayPal Holdings, Inc. (PYPL - Free Report) will now be providing services in the Asia Pacific region through their partnership.
Visa and PayPal entered into a partnership last July which put an end to a decade-old friction between credit card network companies and PayPal over online transactions as the former encroached upon the latter’s share of online payments and digital wallets. Paypal also formed a similar alliance with another credit card processor MasterCard Inc. (MA - Free Report) .
Visa has been busy forming numerous pacts and alliances which have beefed up its business volumes. The company’s strong performance is also reflected in its share price which added 13.02%, higher than the 10.9% gain for the Zacks categorized Financial Transaction Services industry, since it forged the partnership with Paypal.
Visa and PayPal’s joint presence in Asia Pacific is an extension of the partnership between the two. Their partnership will help those banks issuing Visa cards in Asia Pacific to check out wherever PayPal is accepted online. It also expands the use of PayPal to retailers that accept Visa in physical locations.
Consumers and merchants will be benefited from this alliance and the joint service by both Visa and Paypal since it will provide them a secure, reliable and convenient digital and mobile payments option.
While Visa provides a card network, PayPal acts as a payment gateway for processing payments. Both companies are leaders in their space and a partnership between them largely benefits for companies as well as consumers.
Visa with a Zacks Rank #2 (Buy) is an attractive investment opportunity. The stock witnessed an upward revision in the Zacks Consensus Estimate for fiscal 2017 earnings over the past 90 days to $3.31. This translates into a year-over-year growth rate of 16.7%.
Another stock with the same Zacks Rank as Visa is Fiserv, Inc. . You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Fiserv beat estimates in two of the last four reported quarters, with an average positive surprise of 1.2%.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>