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Visa (V) Invests in BillDesk to Expand Footprint in India
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Visa Inc. (V - Free Report) recently announced its minor investment in BillDesk, a leading platform for online payments in India, which happens to be the world’s most innovative payments market. However, this transaction is subject to certain closing conditions.
This investment and partnership will allow BillDesk develop products for its payments and loyalty businesses. Further, it will help BillDesk penetrate into new geographies, boosting its portfolio in the process. Visa has been collaborating with BillDesk for many years now because of its industry-leading expertise in the Indian market. This is yet another step toward Visa’s long-term commitment to grow in the country’s digital payments industry, which has been expanding since the demonetization drive in 2018.
Digital payment alternatives are increasingly getting accepted all over India and its growing volume further vouches for a rising cashless trend in transactions. Indian consumers are keen to adopt new payment forms and thus, there is plenty of room for Visa’s growth.
Visa’s strong international operations have led to an increase in cross-border transactions for the last many quarters and the trend is expected to continue into the upcoming quarters as well.
The above-mentioned deal is Visa’s latest tie-up with an emerging payment solution provider. The company is constantly collaborating with technology and financial services businesses across the globe to boost its portfolio and expandinginto new markets. Some prior investments made by the company include Paidy, Behalf, Marqeta, Payworks, LoopPay, Klarna etc.
Shares of this Zacks Rank #3 (Hold) company have rallied 27.5% in a year’s time, outperforming its industry’s growth of 20%.
Stocks to Consider
Investors interested in the same space may take a look at some better-ranked stocks like Evertec, Inc. (EVTC - Free Report) , Cardtronics plc and Green Dot Corporation (GDOT - Free Report) .
EVERTEC engages in transaction processing business in Latin America and the Caribbean. It carries a Zacks Rank #2 (Buy) and managed to pull off the average four-quarter earnings surprise of 16.99%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Cardtronics provides automated consumer financial services through its network of automated teller machines and multi-function financial services kiosks. It has a Zacks Rank of 2. The company delivered the average four-quarter positive surprise of 50.24%.
Green Dot operates as a pro-consumer bank holding company, providing personal banking for the masses. The company sports a Zacks Rank #1 (Strong Buy) and came up with the average four-quarter beat of 18.40%.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
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Visa (V) Invests in BillDesk to Expand Footprint in India
Visa Inc. (V - Free Report) recently announced its minor investment in BillDesk, a leading platform for online payments in India, which happens to be the world’s most innovative payments market. However, this transaction is subject to certain closing conditions.
This investment and partnership will allow BillDesk develop products for its payments and loyalty businesses. Further, it will help BillDesk penetrate into new geographies, boosting its portfolio in the process. Visa has been collaborating with BillDesk for many years now because of its industry-leading expertise in the Indian market. This is yet another step toward Visa’s long-term commitment to grow in the country’s digital payments industry, which has been expanding since the demonetization drive in 2018.
Digital payment alternatives are increasingly getting accepted all over India and its growing volume further vouches for a rising cashless trend in transactions. Indian consumers are keen to adopt new payment forms and thus, there is plenty of room for Visa’s growth.
Visa’s strong international operations have led to an increase in cross-border transactions for the last many quarters and the trend is expected to continue into the upcoming quarters as well.
The above-mentioned deal is Visa’s latest tie-up with an emerging payment solution provider. The company is constantly collaborating with technology and financial services businesses across the globe to boost its portfolio and expandinginto new markets. Some prior investments made by the company include Paidy, Behalf, Marqeta, Payworks, LoopPay, Klarna etc.
Shares of this Zacks Rank #3 (Hold) company have rallied 27.5% in a year’s time, outperforming its industry’s growth of 20%.
Stocks to Consider
Investors interested in the same space may take a look at some better-ranked stocks like Evertec, Inc. (EVTC - Free Report) , Cardtronics plc and Green Dot Corporation (GDOT - Free Report) .
EVERTEC engages in transaction processing business in Latin America and the Caribbean. It carries a Zacks Rank #2 (Buy) and managed to pull off the average four-quarter earnings surprise of 16.99%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Cardtronics provides automated consumer financial services through its network of automated teller machines and multi-function financial services kiosks. It has a Zacks Rank of 2. The company delivered the average four-quarter positive surprise of 50.24%.
Green Dot operates as a pro-consumer bank holding company, providing personal banking for the masses. The company sports a Zacks Rank #1 (Strong Buy) and came up with the average four-quarter beat of 18.40%.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>