Z1P's potential in the partnership with VISA, check the...

Z1P's potential in the partnership with VISA, check the statistic .........

Visa (NYSE:V)

Bob Desmond (Buy): Buy for me. I think a lot of structural tailwinds just accelerated. You've got digital and we've got cash to card which has been there for a long time. I think one of the things that's really interesting about Visa is their partnership with wallet companies. So they've got probably 70,000 locations now. Those are up 16% this year. Partnering with wallets, there's an opportunity there to double that. They've got three and a half billion credentials in place and got potential to get that up another 65%. It’s a very high margin business. Cross border business will come back. That was down 40% this year. That'll come back. Big buyer on Visa.

Joe Magyer (buy): It's a buy. I'd agree with everything Bob said. I'd add, I don't think most people realise, but 85% of the world's transactions are still done with cash. So, there's still a long runway. Visa has much more wallet share online than offline, and the pull forward with that has been helping. Tap and go has expanded rapidly in the States as a result of what's happened with COVID. So still a lot to love with this thesis.