Visa CFO Prabhu on Earnings, Economy, Contactless Payments

The transcript discusses the global trend of cash digitization, highlighting the significant amounts of cash yet to be digitized in both consumer and B2B sectors. It emphasizes the growing adoption of contactless payments, particularly in the US, where the transition has been slower compared to Europe and Australia. The discussion covers the implementation of EMV chips as a precursor to contactless payments, noting the benefits such as reduced fraud and increased consumer convenience. The narrative underscores the consumer preference for contactless payments and the ongoing efforts to roll out contactless cards in the US.

What is the estimated amount of cash on the consumer side that remains to be digitized?

Why is the United States considered to be behind Europe in terms of contactless payments?

What percentage of face-to-face transactions in Australia are contactless?

What was the first step in the U.S. to enable contactless payments?

How does the experience in Australia and the UK influence the rollout of contactless cards in the U.S.?