Item 7.01 Regulation FD Disclosure.

Visa continues to monitor the COVID-19 impact globally. February U.S. payments
volume was 145% of 2019, up 5 points from January, with Credit up 7 points to
135% and Debit at 154%, flat with January. Card not present excluding travel was
171%, and card present was 123% of 2019, up 3 and 5 points, respectively, from
January. Across most categories relative to 2019, February spending rebounded
from January, most notably with travel, entertainment and fuel up more than 8
points each.

International market payments volume in February versus the same period in 2019
increased several points from January levels in most countries, with notable
increases in India, Canada, Brazil, Italy and Germany. Some Asian markets
declined from January relative to 2019 including Japan, Hong Kong and New
Zealand.

Cross-border volume excluding intra-Europe transactions improved 8 points from
January to 112% of 2019 in February, with card not present excluding travel
volume up 4 points from January to 169%. Total card present and card not present
travel cross-border volume excluding intra-Europe transactions increased 10
points from January to 81% of 2019. As expected, many countries reopened their
borders and reduced or removed restrictions and we saw several corridors quickly
recover from January. Total February cross-border volume increased to 122% of
2019.

Global processed transactions were 139% of 2019 in February, up one point from January.



Regarding the invasion of Ukraine, our number one priority is ensuring the
safety and security of our colleagues and their families who are directly
impacted. Visa is in the process of complying with all applicable global
sanctions. As part of that compliance, we have suspended access to Visa for
certain clients. It is difficult to reasonably estimate the full potential
financial impact of this situation on Visa at this time. In fiscal full-year
2021, total net revenues from Russia, including revenues driven by domestic as
well as cross-border activities, were approximately 4% of Visa Inc. net revenues
and total net revenues from Ukraine were approximately 1% of Visa Inc. net
revenues.































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The tables below show the increase / (decrease) and indexed results in certain key metrics against the comparable 2021 and 2019 periods, respectively, for January, February and quarter-to-date (January 1 - February 28, 2022):




                      Increase / (Decrease) Year-over-Year

                                                          January            February          Quarter-to-Date

U.S. Payments Volume                                        14%                21%                   17%
Credit                                                      24%                30%                   27%
Debit                                                        5%                15%                   10%
Cross-Border Volume Excluding Intra-Europe
Transactions*                                               42%                47%                   45%
Cross-Border Volume Total*                                  34%                38%                   36%
Processed Transactions                                      18%                22%                   20%




                     Indexed to 2019 with a Baseline of 100

                                                          January            February          Quarter-to-Date

U.S. Payments Volume                                        140                145                   142
Credit                                                      128                135                   131
Debit                                                       154                154                   154
Cross-Border Volume Excluding Intra-Europe
Transactions*                                               104                112                   107
Cross-Border Volume Total*                                  114                122                   118
Processed Transactions                                      138                139                   138



*In constant dollars

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Charts that follow provide growth and index trends by month for U.S. payments volumes, processed transactions and cross-border volumes. Growth trends are against the comparable prior year period. When indexed vs. 3 years ago, the baseline is 100.





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                                    Appendix
                        (provided for this quarter only)


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Charts that follow provide index trends vs. 2019 by month for U.S. payments volumes, processed transactions and cross-border volumes, with a baseline of 100.




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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 the ongoing effects of the coronavirus
("COVID-19") pandemic, the measures taken in response, including the reopening
of borders and resumption of international travel, as well as the speed and
strength of an economic recovery; our future operations, prospects,
developments, strategies, business growth and anticipated timing and benefits of
our acquisitions. 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 ongoing effects of the COVID-19 pandemic and the
evolving conflict between Russia and Ukraine;
•increased oversight and regulation of the global payments industry and our
business;
•impact of government-imposed obligations and/or 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, acquirers, processors,
merchants, payments facilitators, ecommerce platforms, fintechs and other third
parties;
•brand or reputational damage;
•exposure to loss or illiquidity due to settlement guarantees;
•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, 2021, and our subsequent reports on Form 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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