Item 7.01 Regulation FD Disclosure.

Visa continues to monitor the COVID-19 impact globally. We have provided
performance metrics for November year-over-year growth rates as well as relative
to 2019.
November U.S. payments volume was 133% of 2019 levels, flat with October, with
Credit up 3 points and Debit down 4 points from October. Card not present
excluding travel was 152% of 2019, flat with October, while card present fell 2
points to 117% of 2019. Across categories relative to 2019, November spending
remained well above 2019 levels, with monthly travel spending above 2019 levels
for the first time since the pandemic began.
International market payments volume in November versus the same period in 2019
generally increased several points from October levels in most countries, with
notable increases in India, Australia and New Zealand.
Cross-border volume excluding intra-Europe transactions improved 11 points from
October to 106% of 2019 in November, with card not present excluding travel
volume up 7 points from October to 155% of 2019. Total card present and card not
present travel cross-border volume excluding intra-Europe transactions increased
9 points from October to 75% of 2019, reflecting travel improvements in most
parts of the world. Many countries reopened borders and relaxed restrictions at
the beginning of November, especially in Asia and Latin America. With the border
opening in the U.S. on November 8, inbound U.S. card present cross-border
spending in the week ended November 30 was approximately 25 points above the
month of October levels compared to 2019. Total November cross-border volume
increased to 116% of 2019.
Global processed transactions were 126% of 2019 in November, in line with
October.
The tables below show the increase / (decrease) and indexed results in certain
key metrics against the comparable 2020 and 2019 periods, respectively, for
October, November and quarter-to-date (October 1 - November 30, 2021):
                      Increase / (Decrease) Year-over-Year

                                                          October            November          Quarter-to-Date
U.S. Payments Volume                                        21%                25%                   23%
Credit                                                      25%                31%                   28%
Debit                                                       18%                20%                   19%
Cross-Border Volume Excluding Intra-Europe
Transactions*                                               49%                56%                   53%
Cross-Border Volume Total*                                  43%                44%                   43%
Processed Transactions                                      21%                23%                   22%



                     Indexed to 2019 with a Baseline of 100

                                                          October            November          Quarter-to-Date

U.S. Payments Volume                                        133                133                   133
Credit                                                      122                125                   123
Debit                                                       146                142                   144
Cross-Border Volume Excluding Intra-Europe
Transactions*                                                95                106                   100
Cross-Border Volume Total*                                  107                116                   112
Processed Transactions                                      126                126                   126



*In constant dollars

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Charts that follow provide growth and index trends against the comparable 2020
and 2019 periods, respectively, by month for U.S. payments volumes, processed
transactions and cross-border volumes. When indexed, the 2019 baseline is 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, 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;
•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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