And soon, we will be expanding to new geographies across our use cases in expense cards and B2B travel.

Jan 30, 2025 / CEO / receipt, needs a key / Ryan McInerney, CEO | earnings call 2025-01-30 | transcript 35131263-2721-4452-9019-ae4085db589c | chars 11323-11426 | segment 11

We are very focused on growing B2B in new verticals, such as travel. We are pleased to announce that we signed a virtual card issuing deal with JPMorgan Chase in Europe. This is a significant opportunity for Visa to further build on our strong issuing relationship in North America, as well as further grow in the B2B travel vertical.

Oct 29, 2024 / CEO / receipt, needs a key / Ryan McInerney, CEO | earnings call 2024-10-29 | transcript cab1a559-c303-42f8-9a0e-3cb837acc513 | chars 8845-9179 | segment 9

And that really is based on the travel circumstances and situation in Asia that we've talked about extensively, with outbound travel in Asia in particular being impacted and recovering slower than we anticipated at the beginning of the year.

Jul 23, 2024 / CEO / receipt, needs a key / Ryan McInerney, CEO | earnings call 2024-07-23 | transcript 2e8235df-91e6-43c6-8122-93d894e44028 | chars 52582-52823 | segment 53

In addition, since its launch in 2022, our Visa Infinite Fast Pass in Brazil, which allows cardholders to get through airport security more quickly, has screened over 1 million travelers.

Jul 23, 2024 / CEO / receipt, needs a key / Ryan McInerney, CEO | earnings call 2024-07-23 | transcript 2e8235df-91e6-43c6-8122-93d894e44028 | chars 14530-14717 | segment 14

On the travel side, we extended our relationship with Malaysia Airlines from a prepaid co-brand card targeting Millennials and Gen Z customers to also launch a new co-brand credit card for the travel-minded affluent.

Jul 23, 2024 / CEO / receipt, needs a key / Ryan McInerney, CEO | earnings call 2024-07-23 | transcript 2e8235df-91e6-43c6-8122-93d894e44028 | chars 6805-7021 | segment 7

We also recently won the IBM commercial card business spanning T&E, meeting and purchasing card programs in over 60 countries also with Citibank as the issuer.

Oct 24, 2023 / CEO / receipt, needs a key / Ryan McInerney, CEO | earnings call 2023-10-24 | transcript 7f229b30-4762-448d-83a8-1b83649d7d5a | chars 9996-10155 | segment 10

And finally, we signed a co-brand agreement with Indian conglomerate Adani, serving 400 million customers through retail, airports, and online travel services, among others.

Jul 25, 2023 / CEO / receipt, needs a key / Ryan McInerney, CEO | earnings call 2023-07-25 | transcript 8f3a781a-9f41-4ae1-ab8e-947cfa2055ab | chars 7063-7236 | segment 7

To wrap up, over the last few months, I have traveled across the globe meeting with clients, partners, and regulators, and I continue to see enormous opportunity and momentum.

Jul 25, 2023 / CEO / receipt, needs a key / Ryan McInerney, CEO | earnings call 2023-07-25 | transcript 8f3a781a-9f41-4ae1-ab8e-947cfa2055ab | chars 12824-12999 | segment 13

Excluding intra-Europe, total cross-border volume remained strong, up 32%, with cross-border travel volume at 130% of 2019.

Apr 25, 2023 / CEO / receipt, needs a key / Ryan McInerney, CEO | earnings call 2023-04-25 | transcript 13e74011-81af-4c63-8537-c5444e9c4f4f | chars 2069-2192 | segment 2