V · Earnings call · 2026Q3T · Full report

Geographic Market Commentary

VISA INC. · 2026-10-27 · Importance 45 · Surprise 64

Visa said seller locations increased more than 40% in Brazil, more than 60% in Mexico, and more than 15% in India year over year. In Asia Pacific, Visa renewed or expanded relationships with leading banks in Australia, India, and China and began new relationships with Japanese clients PayPay and Travel Wallet Japan. Visa also said its next-generation VisaNet architecture is already supporting live authorization traffic in Latin America and CEMEA. The company reported its first transaction in Syria in well over a decade and described preparations to ultimately process domestically in Mainland China.

Key facts

• In Asia Pacific in 2026, Visa renewed and expanded relationships with 3 of the top 4 Australian banks, 3 of the top 4 Indian banks and 2 of the top 4 Chinese banks, and began new relationships with Japanese clients PayPay and Travel Wallet Japan.
• Visa's next-generation VisaNet supports live authorization traffic in production in Latin America and CEMEA and powers additional payment-processing workloads globally.
• Visa U.S. host-city inbound cross-border card-present spend increased over 20% year-over-year from July 1 to July 19, with the largest increases from fans from Argentina and Colombia.
• Visa Q4 FY2026 travel-related cross-border volume grew 13%, accelerating 3 points from Q3, primarily because of improvements in CEMEA inbound and outbound.