Visa’s digital payment dominance drives double-digit growth, but regulatory headwinds intensify 🫣📈; SoFi’s Q3 2024: emerging digital banking powerhouse shows strong execution 👏🏦

FinTech is Eating the World, 30 October

Hey Everyone,

Happy Wednesday & greetings from the sky! 🛫 Today we’re looking at Visa’s digital payment dominance that continues to drive double-digit growth (breaking down their latest numbers, what they mean & what’s next + bonus reads on Visa & co inside), and SoFi’s Q3 2024 (how emerging digital banking powerhouse shows strong execution & what to look out for next). Let’s just jump straight into the good stuff 🌶️

Visa’s digital payment dominance drives double-digit growth, but regulatory headwinds intensify 🫣📈

Earnings time 🤑 Finance behemoth Visa V 0.00%↑ just reported its fourth-quarter earnings that surpassed analyst estimates. The FinTech giant continues to demonstrate its prowess as the world's leading digital payments network, delivering robust Q4 FY2024 results with net revenues of $9.6 billion (+12% YoY) and non-GAAP EPS of $2.71 (+16% YoY).

Let’s take a closer look at this, break down the most important facts & figures, and see whether Visa is worth your time and money in 2024 and beyond.