Visa acquires Currencycloud in GBP700M deal, enhancing cross-border payments

August 06, 2021

Visa (NYSE:V) has acquired Currencycloud in GBP700M deal, inclusive of cash and retention incentives.

The consideration will be reduced by the outstanding shares of Currencycloud that the company already owns.

Currencycloud is a global platform that enables banks and fintechs to provide innovative foreign exchange solutions for cross-border payments.

Currencycloud will accelerate the time-to-market and improve payment transparency for clients.

'The acquisition of Currencycloud is another example of Visa executing on our network of networks strategy to facilitate global money movement," said Colleen Ostrowski, Visa 's Global Treasurer. 'Consumers and businesses increasingly expect transparency, speed and simplicity when making or receiving international payments. With our acquisition of Currencycloud, we can support our clients and partners to further reduce the pain points of cross-border payments and develop great user experiences for their customers."

The transaction is contingent upon regulatory approvals.

For this year the company, located in San Francisco revenue will be around 23.96 billion USD. This is according to the average of the analysts' estimates. This is slightly more than 2021's revenue of 21.85 billion USD.

Historical revenues and results Visa plus estimates 2021

The analysts expect for 2021 a net profit of 12.64 billion USD. For this year the consensus of Visa 's result per share is a profit of 5.82 USD. The price/earnings-ratio therefore equals 41.27.

Analysts expect a dividend of 1.28 USD per share. Visa 's dividend yield thus equals 0.53 percent. The average dividend yield of the financial companies is an attractive 2.28 percent.

Based on the current number of shares Visa 's market capitalization equals 412.68 billion USD. 22

Historical stock prices Visa

On Thursday the stock closed at 240.21 USD.

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