Visa unveiled a range of new innovations at its Global Product Drop event in San Francisco on Wednesday, showcasing how artificial intelligence and digital commerce are set to reshape how consumers discover, shop for, and pay for products and services.
Visa’s new products
The payments giant introduced several new solutions designed to advance the future of commerce through AI-driven technology, digital wallets, and flexible payment options.
At the center of the announcements was Visa Intelligent Commerce, a new platform that allows developers to access Visa’s global payments network to build AI-powered shopping and purchasing experiences.
Visa also revealed new partnerships involving stablecoins and expanded its Flex Credential platform, which enables consumers to switch seamlessly between payment methods such as debit, credit, and buy now, pay later. Through a collaboration with Klarna, Visa plans to introduce the flexible card in the US and Europe, including a new debit-to-BNPL option.
Another product, Visa Pay, will allow digital wallets to connect with any Visa-accepting merchant worldwide. The service is set to begin beta testing in select markets across Asia, Europe, and Latin America.
Visa also announced Visa Accept, a solution that enables small businesses to receive payments directly to their Visa debit cards using NFC-enabled smartphones, removing the need for traditional point-of-sale hardware. The service is scheduled to launch in Latin America and Asia in July.
Visa said these initiatives are expected to support the next phase of global commerce and money movement.
Crucial quote
Visa’s chief product and strategy officer, Jack Forestell, said AI agents have significant potential to transform commerce, from automating everyday transactions such as grocery ordering to more complex tasks like searching for and securing limited-access services, including restaurant reservations and concert tickets.
Quarterly results
Visa reported stronger-than-expected financial results for the quarter ended in March, supported by resilient consumer spending and solid payment volumes despite broader economic uncertainty.
Net income rose to $5.4 billion, or $2.70 per share. Net revenue increased 9% to $9.6 billion, while overall payment volume grew by 8%.
