Visa benefits from the rising adoption of cashless transactions across the globe. The business doesn’t make money when cash or checks are used as a form of payment. However, when people pay for things with credit or debit cards, Visa collects a tiny fee. This amounts to massive revenue, to the tune of $9.6 billion in the latest fiscal quarter.Visa processed a jaw-dropping $3.9 trillion in payment volume in Q1. This figure was substantially greater than that of its industry peer, Mastercard.Visa shares have crushed the market since their initial public offering in 2008. However, the financial stock hasn’t outperformed the S&P 500 in the past five years. As of July 8, Visa shares are up 83% since the same date in 2020. DO you think that the company is becoming obsolete ?

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