Item 7.01 Regulation FD Disclosure.

Visa continues to monitor the COVID-19 impact globally. In July and through
August 30th ("August"), while many countries had positive year-over-year
domestic spending growth, only a few have seen cross-border travel related
spending improve as the majority of borders remain closed. Throughout it all,
our focus remains on our employees, clients and the communities in which we live
and operate.

In August, total U.S. payments volume rose 7% year-over-year. Credit declined 8%
year-over-year, consistent with July levels. Debit grew 24% year-over-year, a 2
ppt decline from July, partially due to the expiration of the elevated
unemployment benefits. Card not present excluding travel grew 30% year-over-year
in August while card present declined 7%. The year-over-year growth in spending
by merchant category remained generally in line with July.

The majority of international markets exhibited a similar trajectory as the U.S.
in August. Several countries, including Japan, Germany and Canada, experienced
positive year-over-year domestic spending growth that was relatively consistent
with July. Some countries had positive and improving year-over-year domestic
spending growth, such as Brazil, UAE, Italy and the UK, while others reflected
recovering but still negative year-over-year domestic spending growth, such as
India and South Africa.

Since May, cross-border volume growth excluding intra-Europe transactions has
essentially remained at the same level, posting a 43% year-over-year decline in
August. Cross-border eCommerce (excluding travel) continued to grow strongly, up
15% year-over-year in August, while travel related cross-border volumes (card
present and card not present) declined 70%. For the few countries that have
relaxed their border restrictions, such as Turkey, Mexico and areas of the
Caribbean, inbound cross-border card present spend growth has steadily improved
upon opening. Cross-border volumes including intra-Europe transactions declined
30% year-over-year in August.

Global processed transactions grew 3% in August due to accelerating domestic transactions. The improvement since May has shifted the mix to reflect more domestic than higher-yielding cross-border transactions.

The table below shows the increase / (decrease) in certain key metrics against the comparable 2019 periods for July, August and quarter-to-date (July 1 - August 30, 2020):



Year-over-Year Increase / (Decrease)                         July            August          Quarter-to-Date
U.S. Payments Volume                                          8%               7%                  8%
Credit                                                       (8%)             (8%)                (8%)
Debit                                                        26%              24%                  25%
Processed Transactions                                        1%               3%                  2%
Cross-Border Volume Excluding Intra-Europe
Transactions*                                               (44%)            (43%)                (43%)
Cross-Border Volume Including Intra-Europe
Transactions*                                               (32%)            (30%)                (31%)


*In constant dollars





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Charts that follow provide growth trends against the comparable 2019 periods by
week in June, July and August for U.S. payments volumes, processed transactions
and cross-border volumes:

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The foregoing information is preliminary in nature and has not been audited or reviewed by our auditors and is subject to change.



All information in Item 7.01 is furnished but not filed and shall not be deemed
to be incorporated by reference into any of Visa's filings under the Securities
Act of 1933 or the Securities Exchange Act of 1934 except to the extent
otherwise set forth therein.




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Forward-Looking Statements



This current report contains forward-looking statements within the meaning of
the U.S. Private Securities Litigation Reform Act of 1995 that relate to, among
other things, the impact on our underlying business drivers and other volume and
transaction trends as a result of COVID-19, our future operations, prospects,
developments, strategies and business growth. Forward-looking statements
generally are identified by words such as "anticipates," "estimates," "expects,"
"intends," "may," "projects," "outlook," "could," "should," "will," "continue"
and other similar expressions. All statements other than statements of
historical fact could be forward-looking statements, which speak only as of the
date they are made, are not guarantees of future performance and are subject to
certain risks, uncertainties and other factors, many of which are beyond our
control and are difficult to predict.

Actual results could differ materially from those expressed in, or implied by,
our forward-looking statements due to a variety of factors, including, but not
limited to:

•impact of global economic, political, market, health and social events or
conditions, including the impact of COVID-19;
•increased oversight and regulation of the global payments industry and our
business;
•impact of government-imposed restrictions on international payment systems;
•outcome of tax, litigation and governmental investigation matters;
•increasingly intense competition in the payments industry, including
competition for our clients and merchants;
•proliferation and continuous evolution of new technologies and business models;
•our ability to maintain relationships with our clients, merchants and other
third parties;
•brand or reputational damage;
•management changes;
•exposure to loss or illiquidity due to settlement guarantees;
•uncertainty surrounding the impact of the United Kingdom's withdrawal from the
European Union;
•a disruption, failure, breach or cyber-attack of our networks or systems;
•risks, uncertainties and the failure to achieve the anticipated benefits with
respect to our acquisitions and other strategic investments; and
•other factors described in our filings with the U.S. Securities and Exchange
Commission, including our Annual Report on Form 10-K for the year ended
September 30, 2019, and our subsequent reports on Forms 10-Q and 8-K.

Except as required by law, we do not intend to update or revise any forward-looking statements as a result of new information, future events or otherwise.

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