Visa held its Investor Day Thursday, emphasizing opportunities in emerging markets and through mobile point of sale in its presentation.
Visa noted that over $6 trillion in paper-based PCE payments were made in emerging markets in 2012, and is focused on shifting to electronic payments in those markets. Overall, Visa attributed 56 percent of its growth since 2009 to the shift towards electronic payments.
The company also put emphasis on the growing MPOS market, pointing to Square as a success story and as a Top 35 merchant for Visa in the U.S. Globally, Visa noted that the number of MPOS terminals has more than doubled in the past year. On Wednesday, Visa announced that three MPOS providers joined its Visa Ready Program.
The payments giant reiterated its financial forecast for the current year, but adjusted its EPS for 2014 down from a forecast of about 20 percent growth to growth in the “mid to high teens,” as the Wall Street Journal notes.
Visa shares rose 1.20 percent to $179.35 in trading near the end of market close.