The following is a summary of the Visa Inc. (V) Q2 2024 Earnings Call Transcript:

Financial Performance:

Visa reported a strong Q2 with net revenue of $8.8 billion, indicating a 10% increase.
Both GAAP and non-GAAP EPS recorded growth of 12% and 20% respectively.
Payments volume showed an increase of 8% YoY in constant dollars, with U.S payments and international payments growing by 6% and 11%.
Cross-border volume growth was recorded as 16% YoY excluding Intra-Europe transactions.
The company adjusted its outlook for payment volume growth to high single digits from low double digits.
Visa anticipates a continued robust growth in mid-teens for total cross-border volume excluding Intra-Europe.
Q3 projections include low double-digit net revenue growth similar to Q2 and low teen growth for adjusted operating expenses.

Business Progress:

Visa expanded, adding over 100 million credentials YoY, and 20 million of those in Europe were converted from domestic networks to Visa debit credentials.
A significant growth was recorded in the field of digital innovation, primarily in tap-to-pay and e-commerce. This has resulted in reducing fraud and improving authorization rates due to 9.5 billion tokens globally.
The company is showing promising growth in new revenue streams, as evident by a 23% Q2 growth in value-added services revenue.
Visa, along with open banking firm Tink, is planning to enter the U.S. market, employing lessons learned from European markets.
A noticeable growth has been reported in the company’s value-added services, particularly in the US e-commerce market.
The company is partnering with Mexican company Prosa to digitize a substantial amount of cash, check, and electronic payments in Mexico.
Visa envisages an improvement in its cross-border performance in Q4 and views its business positively ahead of H2.
The company estimates an addressable opportunity of $20 trillion, half of which is currently held in cash and check.