Visa CFO on Cross-Border Travel, Consumer Spending

The transcript discusses the recovery of cross-border business post-pandemic, highlighting strong performance in Europe and Latin America, while Asia and US inbound travel lag. Currency fluctuations, particularly the strong dollar, impact travel patterns. Despite economic uncertainty and layoffs, consumer spending remains resilient. The business maintains disciplined investment and staffing strategies, avoiding layoffs. It focuses on delivering secure, reliable digital payment services to retain market share and customer trust.

Which region has shown a strong recovery in cross-border business, surpassing 2019 levels?

• Europe

• Africa

• Asia

• United States

What is one of the reasons for the delayed recovery in Asia's cross-border business?

• High ticket prices

• Late reopening

• Increased airline capacity

• Strong local currency

What has been a significant factor affecting inbound travel to the US?

• Low airline capacity

• Strong dollar

• Weak dollar

• High visa fees

What factor has contributed to the high demand for travel to Europe?

• Low airline capacity

• Weak dollar

• Strong dollar

• High visa fees

How has consumer spending in the US been described in the context of economic uncertainties?

• Remarkably stable

• Unpredictable

• Highly volatile

• Declining rapidly

What is the company's approach to staffing during economic uncertainties?

• Aggressive hiring

• Complete hiring freeze

• Layoffs

• Disciplined investment

What is the company's strategy to retain market share in a competitive environment?

• Expanding product range

• Increasing advertising

• Offering superior service

• Lowering prices