Visa (V) – CEO Ryan Mclnerney Investor Conference Interview – March 09, 2024
Mclnerney talked about strong demand for services like cybersecurity and Visa’s work to drive productivity, diminish friction and lower fraud rates through GenAI. He spoke about Visa’s massive data set putting it in pole position to win in this new wave. It has firm-specific models now being built with partners. That was interesting, but all review.
What wasn’t review was his updated pulse on the health of the U.S. and global economies. Visa has arguably the best gauge of global economic health in the world. Their CEO is spending time to tell you how that economic health is shaping up. These are highly valuable insights to gather… so let’s gather them.
Mclnerney talked a lot about “stability as he looks around the world right now.” Nothing in their data is pointing to a recession. There’s some decelerating spend growth in the U.K. and Australia, but not in the USA and not across most regions. He called USA spending “as steady as she goes” with payment volume quarter-to-date in line with last quarter. There has been no further slowing. Content creators and social media experts sure do love to offer their macro opinions. I’d rather get those opinions from Visa’s CEO.
