Visa Inc. Chief Executive Officer Charlie Scharf said he’s more confident in traditional payment networks than in virtual currencies like Bitcoin.
Visa Inc. Chief Executive Officer Charlie Scharf said China isn’t opening as quickly as expected to foreign payment processors and must be viewed as a five- to 15-year opportunity.
Visa Inc. and MasterCard Inc. have about six weeks to decide whether a new Russian law requiring them to pay hundreds of millions of dollars to operate in that country is worth the cost. For now, Visa’s answer is nyet.
"We believe that these items that have constrained our revenue growth are cyclical and can change very quickly."
- Charlie Scharf on Oct 29, 2014