VISA INC.

Money Travels 2026 reveals how technology is reshaping global remittances, with stablecoin interest nearly doubling when hypothetical protections added Report also finds nearly half (44%) of Americans worry about AI deepfakes when sending money abroad, and 1 in 3 (36%) have already encountered cross-border payment scams SAN FRANCISCO--(BUSINESS WIRE)-- Visa Inc. (NYSE: V), a global leader in digital payments, today released Money Travels 2026, a global report on how technology is reshaping remittances. The research, which surveyed over 2,000 U.S. consumers, shows Americans want faster, cheaper ways to support family and friends abroad—but not at the cost of security.Stablecoins—digital currencies pegged to stable values like the U.S. dollar—are accounting for a growing share of cross-border money flows. The survey shows that consumer protections could unlock their adoption: in a hypothetical scenario with bank-level fraud protection and deposit insurance, U.S. adoption intent climbed from 36% to 56%.The provider matters too. Nearly two-thirds (64%) say trust depends more on who offers a payment method than on the tech itself. Willingness to use stablecoins rises from 36% to 45% when offered through an existing financial provider.Traditional banks and global payment networks lead on trust. Over six in ten U.S. consumers trust traditional commercial banks (61%) and global payment networks (60%) to provide digital currency services.Despite industry buzz, stablecoins remain unfamiliar to most American consumers—over half (56%) have never heard of them. Among those who have, misconceptions are common: many assume they fluctuate like Bitcoin.AI Scams Reach RemittancesOver 1 in 3 (36%) have encountered a scam related to international money transfers. Top tactics include fake messages, account impersonation, and fake investment schemes. 1 in 4 (24%) received AI-generated messages that seemed real, and almost half (44%) are concerned about AI deepfakes impersonating family members.The stakes are high, with about 1 in 5 senders cutting their own spending to support family abroad."Remittances are a lifeline—funding education, essentials, and investment back home," says Vira Platonova, Global Head of Visa Direct. "Our research shows what matters most to those who rely on that lifeline: trust. The future of the industry will be won by the providers that work hardest to earn that trust."To read the full Money Travels 2026 report, visit Visa.com.Note on MethodologyFindings are based on self-reported consumer survey responses. Respondents received definitions of key terms, including stablecoins, before answering. Survey scenarios involving "bank-equivalent protections" are hypothetical; stablecoins are not currently covered by deposit insurance (e.g., FDIC). This report is for informational purposes only and does not constitute financial or legal advice.About the StudyMoney Travels 2026 was conducted by Morning Consult on behalf of Visa from February 24 to March 2, 2026. The U.S. sample includes 2,192 adults. Global findings are based on 45,445 respondents across 20 markets.About VisaVisa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financia

Money Travels 2026 reveals how technology is reshaping global remittances, with stablecoin interest nearly doubling when hypothetical protections added Report also finds nearly half (44%) of Americans worry about AI deepfakes when sending money abroad, and 1 in 3 (36%) have already encountered cross-border payment scams SAN FRANCISCO--(BUSINESS WIRE)-- Visa Inc. (NYSE: V), a global leader in digital payments, today released Money Travels 2026, a global report on how technology is reshaping remittances. The research, which surveyed over 2,000 U.S. consumers, shows Americans want faster, cheaper ways to support family and friends abroad—but not at the cost of security.Stablecoins—digital currencies pegged to stable values like the U.S. dollar—are accounting for a growing share of cross-border money flows. The survey shows that consumer protections could unlock their adoption: in a hypothetical scenario with bank-level fraud protection and deposit insurance, U.S. adoption intent climbed from 36% to 56%.The provider matters too. Nearly two-thirds (64%) say trust depends more on who offers a payment method than on the tech itself. Willingness to use stablecoins rises from 36% to 45% when offered through an existing financial provider.Traditional banks and global payment networks lead on trust. Over six in ten U.S. consumers trust traditional commercial banks (61%) and global payment networks (60%) to provide digital currency services.Despite industry buzz, stablecoins remain unfamiliar to most American consumers—over half (56%) have never heard of them. Among those who have, misconceptions are common: many assume they fluctuate like Bitcoin.AI Scams Reach RemittancesOver 1 in 3 (36%) have encountered a scam related to international money transfers. Top tactics include fake messages, account impersonation, and fake investment schemes. 1 in 4 (24%) received AI-generated messages that seemed real, and almost half (44%) are concerned about AI deepfakes impersonating family members.The stakes are high, with about 1 in 5 senders cutting their own spending to support family abroad."Remittances are a lifeline—funding education, essentials, and investment back home," says Vira Platonova, Global Head of Visa Direct. "Our research shows what matters most to those who rely on that lifeline: trust. The future of the industry will be won by the providers that work hardest to earn that trust."To read the full Money Travels 2026 report, visit Visa.com.Note on MethodologyFindings are based on self-reported consumer survey responses. Respondents received definitions of key terms, including stablecoins, before answering. Survey scenarios involving "bank-equivalent protections" are hypothetical; stablecoins are not currently covered by deposit insurance (e.g., FDIC). This report is for informational purposes only and does not constitute financial or legal advice.About the StudyMoney Travels 2026 was conducted by Morning Consult on behalf of Visa from February 24 to March 2, 2026. The U.S. sample includes 2,192 adults. Global findings are based on 45,445 respondents across 20 markets.About VisaVisa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financia

New Visa Business and Economic Insights research finds consumers are increasingly shopping, streaming, dining and managing daily life from home, creating new opportunities for businesses that can deliver convenience and ongoing digital engagement. Digital commerce expanded across all six markets studied between 2019 and 2026. In three illustrative markets, the share of domestic payment volume occurring online and in-app rose from 48% to 58% in the U.S., 10% to 24% in Poland and 35% to 55% in the UAE. Streaming subscriptions now appear on a larger share of cards than cinema and concert spending across all markets studied. In the U.S., more than 17% of cards are used for streaming subscriptions, compared to roughly 6% of cards associated with cinema and concert spending. Food delivery has become a mainstream service embedded in everyday spending habits, with growth increasingly driven by mass-market consumers rather than high-income spenders. SAN FRANCISCO--(BUSINESS WIRE)-- New research from Visa Business and Economic Insights (VBEI) finds that consumers are increasingly shopping, dining, streaming and managing everyday activities from home, driving the rise of the “couch economy.” This trend is creating new opportunities for businesses as consumers increasingly expect products and services to fit seamlessly into their daily routines.The report, The Great Indoors: How the "Couch Economy" Is Redefining Consumer Spending Habits, examines spending trends across multiple markets and identifies a broader shift toward digital and home-centered consumption. While technological advances helped accelerate this trend, the research finds that consumer expectations around convenience, speed and seamless experiences are increasingly influencing purchasing decisions and business strategies."The rise of the couch economy reflects a broader shift in consumer behavior that extends far beyond e-commerce," said Wayne Best, chief economist at Visa. "As technology continues to reduce friction in everyday activities, consumers are increasingly prioritizing convenience, driving more spending through digital channels, subscription services and delivery platforms. For businesses, understanding these evolving habits is essential to meeting customers where and how they choose to engage."Digital commerce is becoming part of everyday lifeIn the U.S., the share of domestic payment volume occurring online and in-app increased from 48 percent in 2019 to 58 percent in 2026, underscoring the continued expansion of digital commerce in everyday spending.This extends beyond occasional online purchases: in the U.K., nearly 28 percent of cards now make 10 or more online or in-app purchases per month, up from 15 percent in 2018. In the UAE, the share rose from 4.5 percentage points to 25.7 percent over the same period.Subscriptions and delivery are winning share from traditional channelsThis shift is especially visible in entertainment, where at-home streaming now reaches a broader share of consumers than out-of-home cinema and concert spending across every market studied. In the U.S., more than 17% of cards have active streaming subscriptions compared to roughly 6% engaging in cinema and concert spending.Food delivery services have followed a similar trajectory. In the UAE, the share of cards active on food delivery apps increased from approximately 2 percent in 2018 to nearly 30 percent in 2026."Across CEMEA, convenience has become a defining feature of modern consumer behavior," said Mohamed Bardastani, principal CEMEA economist at Visa. "Whether consumers are ordering meals, streaming content or shopping online, they're increasingly seeking services that fi

New Visa Business and Economic Insights research finds consumers are increasingly shopping, streaming, dining and managing daily life from home, creating new opportunities for businesses that can deliver convenience and ongoing digital engagement. Digital commerce expanded across all six markets studied between 2019 and 2026. In three illustrative markets, the share of domestic payment volume occurring online and in-app rose from 48% to 58% in the U.S., 10% to 24% in Poland and 35% to 55% in the UAE. Streaming subscriptions now appear on a larger share of cards than cinema and concert spending across all markets studied. In the U.S., more than 17% of cards are used for streaming subscriptions, compared to roughly 6% of cards associated with cinema and concert spending. Food delivery has become a mainstream service embedded in everyday spending habits, with growth increasingly driven by mass-market consumers rather than high-income spenders. SAN FRANCISCO--(BUSINESS WIRE)-- New research from Visa Business and Economic Insights (VBEI) finds that consumers are increasingly shopping, dining, streaming and managing everyday activities from home, driving the rise of the “couch economy.” This trend is creating new opportunities for businesses as consumers increasingly expect products and services to fit seamlessly into their daily routines.The report, The Great Indoors: How the "Couch Economy" Is Redefining Consumer Spending Habits, examines spending trends across multiple markets and identifies a broader shift toward digital and home-centered consumption. While technological advances helped accelerate this trend, the research finds that consumer expectations around convenience, speed and seamless experiences are increasingly influencing purchasing decisions and business strategies."The rise of the couch economy reflects a broader shift in consumer behavior that extends far beyond e-commerce," said Wayne Best, chief economist at Visa. "As technology continues to reduce friction in everyday activities, consumers are increasingly prioritizing convenience, driving more spending through digital channels, subscription services and delivery platforms. For businesses, understanding these evolving habits is essential to meeting customers where and how they choose to engage."Digital commerce is becoming part of everyday lifeIn the U.S., the share of domestic payment volume occurring online and in-app increased from 48 percent in 2019 to 58 percent in 2026, underscoring the continued expansion of digital commerce in everyday spending.This extends beyond occasional online purchases: in the U.K., nearly 28 percent of cards now make 10 or more online or in-app purchases per month, up from 15 percent in 2018. In the UAE, the share rose from 4.5 percentage points to 25.7 percent over the same period.Subscriptions and delivery are winning share from traditional channelsThis shift is especially visible in entertainment, where at-home streaming now reaches a broader share of consumers than out-of-home cinema and concert spending across every market studied. In the U.S., more than 17% of cards have active streaming subscriptions compared to roughly 6% engaging in cinema and concert spending.Food delivery services have followed a similar trajectory. In the UAE, the share of cards active on food delivery apps increased from approximately 2 percent in 2018 to nearly 30 percent in 2026."Across CEMEA, convenience has become a defining feature of modern consumer behavior," said Mohamed Bardastani, principal CEMEA economist at Visa. "Whether consumers are ordering meals, streaming content or shopping online, they're increasingly seeking services that fi

Consumers rank Visa as the most trusted brand to deliver AI-powered commerce. SAN FRANCISCO--(BUSINESS WIRE)-- Visa (NYSE: V) today announced the Visa Trust Index for agentic commerce, providing new insight into how consumers are navigating the next evolution of AI shopping and payments. While consumers are increasingly using AI across the shopping journey, only 23% of U.S. consumers trust GenAI to handle payment transactions on their behalf. However, confidence in agentic commerce shifts when payments brands come into consideration. Visa emerged as the most trusted brand for AI-powered payments with 61% of respondents saying they would trust Visa to handle agentic transactions. The findings suggest that while consumers are intrigued by agentic commerce, trust remains the key factor determining whether adoption moves from possibility to reality."AI has the potential to fundamentally reshape how people discover, buy and pay for goods and services, much like e-commerce and mobile commerce did before it," said Oliver Jenkyn, Group President, Visa. "While we're still in the early days, trust will be foundational to driving agentic commerce adoption. Consumers will increasingly look to trusted payment experiences and brands as they deploy AI agents to shop on their behalf.”Trust Will Unlock the Promise of Agentic CommerceThe Visa Trust Index found that consumer adoption of AI is already widespread, with 72% of consumers having used an AI assistant. Yet when it comes to agentic commerce, trust becomes increasingly important in the path to adoption. As AI continues to change the way people discover and shop, trust will shape how they pay.Visa’s research looked across multiple sectors, including payments, technology and social media, and found that Visa was the most trusted brand for AI-powered payments among respondents surveyed. Visa maintained this leadership across key demographic groups, rising to 68% among consumers ages 18 to 34 and 71% among frequent AI users.The findings suggest that consumers distinguish between the AI tools they use and the payment brands they trust. While consumers may engage with a range of AI assistants and platforms, trusted payments remain central to their willingness to complete transactions in agentic environments."Throughout every major shift in commerce, from the growth of e-commerce to the rise of mobile payments, trust provides stability and certainty to consumers as the world changes around them," Jenkyn said.Building the Foundation for AI-Powered CommerceFor more than 60 years, Visa has helped enable new forms of commerce by delivering the security and reliability consumers expect when making payments. As agentic commerce continues to evolve, Visa is working with partners across the ecosystem to help establish the capabilities, standards and infrastructure needed to support secure, permissioned agent-initiated transactions.Through Visa Intelligent Commerce and related initiatives, Visa is helping prepare the payments ecosystem for the next generation of digital commerce through technologies that support secure transactions, identity verification, authentication, and consumer controls.According to the Visa's Trust Index, consumers are beginning to define what they expect from the companies that will help power the next era of commerce. As AI transforms how people discover, shop, and transact, Visa will continue to track consumer sentiment and help build the trusted foundation for the future of commerce.Learn more about Visa's leadership in building the trusted infrastructure for agentic commerce at <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.visapaymentsfrontier.io%2F&amp;esheet=54600724&amp;newsit

Consumers rank Visa as the most trusted brand to deliver AI-powered commerce. SAN FRANCISCO--(BUSINESS WIRE)-- Visa (NYSE: V) today announced the Visa Trust Index for agentic commerce, providing new insight into how consumers are navigating the next evolution of AI shopping and payments. While consumers are increasingly using AI across the shopping journey, only 23% of U.S. consumers trust GenAI to handle payment transactions on their behalf. However, confidence in agentic commerce shifts when payments brands come into consideration. Visa emerged as the most trusted brand for AI-powered payments with 61% of respondents saying they would trust Visa to handle agentic transactions. The findings suggest that while consumers are intrigued by agentic commerce, trust remains the key factor determining whether adoption moves from possibility to reality."AI has the potential to fundamentally reshape how people discover, buy and pay for goods and services, much like e-commerce and mobile commerce did before it," said Oliver Jenkyn, Group President, Visa. "While we're still in the early days, trust will be foundational to driving agentic commerce adoption. Consumers will increasingly look to trusted payment experiences and brands as they deploy AI agents to shop on their behalf.”Trust Will Unlock the Promise of Agentic CommerceThe Visa Trust Index found that consumer adoption of AI is already widespread, with 72% of consumers having used an AI assistant. Yet when it comes to agentic commerce, trust becomes increasingly important in the path to adoption. As AI continues to change the way people discover and shop, trust will shape how they pay.Visa’s research looked across multiple sectors, including payments, technology and social media, and found that Visa was the most trusted brand for AI-powered payments among respondents surveyed. Visa maintained this leadership across key demographic groups, rising to 68% among consumers ages 18 to 34 and 71% among frequent AI users.The findings suggest that consumers distinguish between the AI tools they use and the payment brands they trust. While consumers may engage with a range of AI assistants and platforms, trusted payments remain central to their willingness to complete transactions in agentic environments."Throughout every major shift in commerce, from the growth of e-commerce to the rise of mobile payments, trust provides stability and certainty to consumers as the world changes around them," Jenkyn said.Building the Foundation for AI-Powered CommerceFor more than 60 years, Visa has helped enable new forms of commerce by delivering the security and reliability consumers expect when making payments. As agentic commerce continues to evolve, Visa is working with partners across the ecosystem to help establish the capabilities, standards and infrastructure needed to support secure, permissioned agent-initiated transactions.Through Visa Intelligent Commerce and related initiatives, Visa is helping prepare the payments ecosystem for the next generation of digital commerce through technologies that support secure transactions, identity verification, authentication, and consumer controls.According to the Visa's Trust Index, consumers are beginning to define what they expect from the companies that will help power the next era of commerce. As AI transforms how people discover, shop, and transact, Visa will continue to track consumer sentiment and help build the trusted foundation for the future of commerce.Learn more about Visa's leadership in building the trusted infrastructure for agentic commerce at <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.visapaymentsfrontier.io%2F&amp;esheet=54600724&amp;newsit

SAN FRANCISCO--(BUSINESS WIRE)-- Visa (NYSE: V), a global leader in digital payments, and the International Finance Corporation (IFC), a member of the World Bank Group focused on the private sector, are partnering on an innovative risk-sharing initiative designed to help expand financial inclusion by increasing access to digital financial services in emerging markets. Under the agreement, IFC will share credit settlement risk for Visa transactions associated with enrolled financial institutions, enabling these institutions to connect more underbanked consumers and small businesses to digital payments. The facility is expected to support approximately $200 million in risk sharing over five years, with an initial focus on 14 countries in Latin America and the Caribbean and reach approximately 50 financial institutions with below-investment grade ratings. Together, Visa and IFC aim to help financial institutions enable millions more people and small businesses to save, spend, borrow, grow, and participate more fully in the formal economy. “Access to digital payments can help unlock economic opportunity,” said Paul Fabara, Visa’s Chief Risk and Client Services Officer. “Through this first-of-its-kind partnership with IFC, Visa will help financial institutions bring secure and reliable payment solutions to more people and small businesses in emerging markets. Together, we can expand financial inclusion and help more communities participate in and benefit from the global economy.” “This initiative exemplifies the power of innovation and partnership to expand economic opportunity where it is needed most,” said Mohamed Gouled, IFC’s Vice President of Products & Clients. “By reducing constraints that limit the participation of financial institutions, we are enabling greater access to digital payment solutions for small businesses and entrepreneurs across emerging markets. This will help them reach new customers, scale their operations, and create jobs. Ultimately, this is how financial inclusion drives sustainable growth and delivers lasting impact.” Digital financial services can help increase the speed, security, and transparency of transactions, while giving consumers and businesses more ways to participate in the global economy. By helping financial institutions access Visa’s global network, this partnership will support broader participation in digital payment ecosystems across emerging markets. About Visa Visa (NYSE: V) is a world leader in digital payments, facilitating payments transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com. Media Contact press@visa.com Source: Visa Inc.

SAN FRANCISCO--(BUSINESS WIRE)-- Visa (NYSE: V), a global leader in digital payments, and the International Finance Corporation (IFC), a member of the World Bank Group focused on the private sector, are partnering on an innovative risk-sharing initiative designed to help expand financial inclusion by increasing access to digital financial services in emerging markets. Under the agreement, IFC will share credit settlement risk for Visa transactions associated with enrolled financial institutions, enabling these institutions to connect more underbanked consumers and small businesses to digital payments. The facility is expected to support approximately $200 million in risk sharing over five years, with an initial focus on 14 countries in Latin America and the Caribbean and reach approximately 50 financial institutions with below-investment grade ratings. Together, Visa and IFC aim to help financial institutions enable millions more people and small businesses to save, spend, borrow, grow, and participate more fully in the formal economy. “Access to digital payments can help unlock economic opportunity,” said Paul Fabara, Visa’s Chief Risk and Client Services Officer. “Through this first-of-its-kind partnership with IFC, Visa will help financial institutions bring secure and reliable payment solutions to more people and small businesses in emerging markets. Together, we can expand financial inclusion and help more communities participate in and benefit from the global economy.” “This initiative exemplifies the power of innovation and partnership to expand economic opportunity where it is needed most,” said Mohamed Gouled, IFC’s Vice President of Products & Clients. “By reducing constraints that limit the participation of financial institutions, we are enabling greater access to digital payment solutions for small businesses and entrepreneurs across emerging markets. This will help them reach new customers, scale their operations, and create jobs. Ultimately, this is how financial inclusion drives sustainable growth and delivers lasting impact.” Digital financial services can help increase the speed, security, and transparency of transactions, while giving consumers and businesses more ways to participate in the global economy. By helping financial institutions access Visa’s global network, this partnership will support broader participation in digital payment ecosystems across emerging markets. About Visa Visa (NYSE: V) is a world leader in digital payments, facilitating payments transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com. Media Contact press@visa.com Source: Visa Inc.

By combining VisaNet settlement data with blockchain lending, Visa is helping its partners unlock new financing opportunities for stablecoin-linked card programs. SAN FRANCISCO--(BUSINESS WIRE)-- Today, Visa (NYSE: V) announced a new approach to onchain credit designed to help stablecoin-linked card programs and fintechs access working capital using onchain lending infrastructure and Visa data.Onchain lending has emerged as one of the fastest-growing segments of digital finance. According to the Visa Onchain Analytics Dashboard, since 2020, more than $694 billion in stablecoin-denominated loans have been sent through onchain lending protocols, creating a global credit market that operates 24/7. Yet much of that activity remains concentrated within crypto markets and hasn’t meaningfully supported the businesses and payment experiences people use every day.Visa is helping bridge that gap by combining VisaNet settlement data with onchain credit infrastructure. This information can help lenders better understand how a program is operating, making it easier to evaluate financing opportunities that fit their needs and extend capital to support their goals."Stablecoins are not only changing how money moves, they're creating opportunities to rethink the financial infrastructure that supports payments," said Rubail Birwadker, Global Head of Growth Products and Partnerships, Visa. "We're seeing how trusted payment data and onchain technologies can work together to unlock new forms of liquidity, helping businesses access capital in ways that are more transparent, programmable and aligned to the speed of modern commerce."The announcement builds on Visa's broader stablecoin strategy, which includes the recent launch of Visa Stablecoin Platform, enabling stablecoin settlement, expanding stablecoin-linked card programs, and helping financial institutions access new digital asset capabilities.Today, more than 160 stablecoin-linked card programs operate on Visa's network, with payment volume on those programs growing nearly 200% year over year. Visa's stablecoin settlement volume recently surpassed a $20 billion annualized run rate, up more than 15x year-over-year.For many emerging payment companies, obtaining working capital can be difficult during periods of rapid growth. Traditional financing structures often require significant scale, operating history or manual underwriting processes before credit becomes available. Visa believes blockchain-based lending infrastructure, supported by trusted payment data, can help address these challenges while introducing greater transparency and efficiency.An early example of this model is Visa's work with Credit Coop, which provides working capital and settlement financing for stablecoin-linked card programs using smart contracts to automate funding, collateral manage

By combining VisaNet settlement data with blockchain lending, Visa is helping its partners unlock new financing opportunities for stablecoin-linked card programs. SAN FRANCISCO--(BUSINESS WIRE)-- Today, Visa (NYSE: V) announced a new approach to onchain credit designed to help stablecoin-linked card programs and fintechs access working capital using onchain lending infrastructure and Visa data.Onchain lending has emerged as one of the fastest-growing segments of digital finance. According to the Visa Onchain Analytics Dashboard, since 2020, more than $694 billion in stablecoin-denominated loans have been sent through onchain lending protocols, creating a global credit market that operates 24/7. Yet much of that activity remains concentrated within crypto markets and hasn’t meaningfully supported the businesses and payment experiences people use every day.Visa is helping bridge that gap by combining VisaNet settlement data with onchain credit infrastructure. This information can help lenders better understand how a program is operating, making it easier to evaluate financing opportunities that fit their needs and extend capital to support their goals."Stablecoins are not only changing how money moves, they're creating opportunities to rethink the financial infrastructure that supports payments," said Rubail Birwadker, Global Head of Growth Products and Partnerships, Visa. "We're seeing how trusted payment data and onchain technologies can work together to unlock new forms of liquidity, helping businesses access capital in ways that are more transparent, programmable and aligned to the speed of modern commerce."The announcement builds on Visa's broader stablecoin strategy, which includes the recent launch of Visa Stablecoin Platform, enabling stablecoin settlement, expanding stablecoin-linked card programs, and helping financial institutions access new digital asset capabilities.Today, more than 160 stablecoin-linked card programs operate on Visa's network, with payment volume on those programs growing nearly 200% year over year. Visa's stablecoin settlement volume recently surpassed a $20 billion annualized run rate, up more than 15x year-over-year.For many emerging payment companies, obtaining working capital can be difficult during periods of rapid growth. Traditional financing structures often require significant scale, operating history or manual underwriting processes before credit becomes available. Visa believes blockchain-based lending infrastructure, supported by trusted payment data, can help address these challenges while introducing greater transparency and efficiency.An early example of this model is Visa's work with Credit Coop, which provides working capital and settlement financing for stablecoin-linked card programs using smart contracts to automate funding, collateral manage