Use the podcast player below to listen to our discussion on Visa and its Q4’21 result, which accompanies the detailed write-up below: (Date of report: 8 December 2021) Bigger than the banks. If you remember nothing else, remember this point. Visa was incubated in Bank of America in the 1950s. The bank simply mailed credit cards to its clients, without any kind of vetting process. Although there was a considerable amount of fraud and card drops were eventually outlawed, the idea stuck and the rest is history. Visa is now larger than any of the banks. By operating the platform (the…
