Latest news with #AndrewTorre
Yahoo
19-07-2025
- Business
- Yahoo
Visa (V) Strengthens Value-Added Services With FIS Partnership Expansion
Visa Inc. (NYSE:V) ranks among the . Fidelity National Information Services (FIS) and Visa Inc. (NYSE:V) announced on June 30 that they were extending their partnership to offer new value-added services to financial institutions. This move aims to level the playing field for smaller regional and community banks that compete with larger banks. This collaboration aligns with Visa Inc. (NYSE:V) CEO Ryan McInerney's remarks, who said on a January earnings call that the network behemoth is leveraging its value-added offering to strengthen customer relationships and offer a wider range of services to clients. In a similar vein, Andrew Torre was named president of value-added services by Visa Inc. (NYSE:V) earlier in June. According to the press statement announcing Torre's appointment, Visa's value-added services division, which grew by 20% annually since 2021, has grown to a $9 billion global business. Visa Inc. (NYSE:V) is a global payments technology company that operates one of the world's largest electronic payment networks. While we acknowledge the potential of V as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None.
Zawya
23-06-2025
- Business
- Zawya
Visa names Tareq Muhmood as Regional President for CEMEA
Arab Finance: Visa has appointed Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East, and Africa (CEMEA), effective immediately, as per a press release. In his new role, Muhmood will lead operations across more than 86 dynamic and fast-growing markets, overseeing Visa's services to over 1,800 clients through 23 local offices across the region. He will be based in Dubai and report to Oliver Jenkyn, Group President of Global Markets at Visa. Muhmood brings more than three decades of experience in banking and payments. He most recently led Value-Added Services for Visa's Europe region from London. Since joining the company in 2019, he has also served as Group Country Manager for Southeast Asia, based in Singapore. Before Visa, he held senior leadership roles at Ahli United Bank, ANZ, and HSBC. He succeeds Andrew Torre, who was recently appointed President of Visa's Value-Added Services business. The unit has become a $9 billion global operation, posting annualized revenue growth of 20% since 2021. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Yahoo
21-06-2025
- Business
- Yahoo
Visa (NYSE:V) Appoints Tareq Muhmood As CEMEA Regional President Covering 86 Markets
Visa appointed Tareq Muhmood as the regional president for CEMEA, an area with significant strategic importance. This appointment, along with other executive changes, such as Andrew Torre's move to President of Value-Added Services, positioned the company for continued leadership across vital regions. Despite these developments, Visa's stock price was flat over the last quarter, aligning with a broader market trend. While initiatives like enhanced client collaborations and a robust share repurchase program could have added weight to future performance, the overall price change was not significantly different from the general market, which was also steady. Buy, Hold or Sell Visa? View our complete analysis and fair value estimate and you decide. The end of cancer? These 23 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's. The recent appointment of Tareq Muhmood as Visa's regional president for CEMEA is set to strengthen Visa's strategic position, particularly in this area of significant importance. This aligns with Visa's ongoing efforts to enhance client collaborations, expected to contribute positively to the company's expanding international payment volumes and overall revenue. Over the past five years, Visa achieved a substantial total shareholder return of 85.35%, contrasting with its recent flat performance that mirrored broader market trends. In the past year, Visa's earnings growth underperformed the diversified financial industry after growing by 8.5% compared to the industry's 9.3%. Nonetheless, Visa's stock exceeded the US market, which returned 10% over the same period. These longer-term performance indicators suggest resilience in Visa's business model amidst short-term fluctuations. The current initiatives, including the focus on stablecoin innovations and value-added services, could influence future revenue and earnings growth projections. Visa's stock price of US$347.70 remains close to the analyst consensus target of US$374.25, reflecting a discount of about 7.1%. This suggests an alignment in market expectations with analysts' forecasts. As Visa continues to push into new geographical markets and innovative payment solutions, these efforts may provide additional revenue streams. The anticipated improvements in transaction security and user engagement through tokenization and the expansion of stablecoin settlements are important factors in the company's growth narrative. Overall, the executive changes and strategic expansions are set to support Visa's evolving business strategy and financial outlook. Gain insights into Visa's outlook and expected performance with our report on the company's earnings estimates. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:V. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Finextra
20-06-2025
- Business
- Finextra
Visa appoints Tareq Muhmood regional president, Cema
Visa has strengthened its regional leadership in CEMEA by appointing Tareq Muhmood as Regional President. This move highlights Visa's strategic focus on enhancing its executive presence across Central and Eastern Europe, the Middle East, and Africa. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Mr. Muhmood brings more than 30 years of banking and payments experience to the role. He most recently served as head of Value-Added Services for Visa's Europe region, based in London, and originally joined Visa in 2019 as Group Country Manager for Southeast Asia, based in Singapore. Prior to joining Visa, Mr. Muhmood held senior leadership positions with Ahli United Bank, ANZ and HSBC. Mr. Muhmood will be based in Dubai, and will take on the role effective immediately, reporting to Oliver Jenkyn, Group President, Global Markets, Visa. Mr. Muhmood succeeds Andrew Torre, who was recently appointed as President of Visa's Value-Added Services business, which has rapidly grown into a $9B global business and has delivered annualized revenue growth of 20% since 2021. With this appointment, Visa reinforces its commitment to advancing digital payments under its evolving regional leadership in CEMEA. 'We are delighted to appoint a leader with Tareq's deep experience at the intersection of financial services, technology and high growth markets to lead Visa's fastest growing region and continue our journey to advance the future of digital payments across CEMEA,' said Mr. Jenkyn. 'During the course of his career, Tareq has worked in 13 countries, and brings unique global perspective, world-class leadership and a proven track record partnering with Visa's largest clients across diverse, complex and rapidly accelerating markets.' 'It is a great honor to lead the CEMEA region, and to continue the tremendous progress that has been made in transforming the future of payments, commerce and money movement across so many dynamic markets,' said Mr. Muhmood. 'Having spent more than a third of my career in the region, I am excited by the incredible opportunity to further expand digital payments amongst more consumers, merchants and economies. I look forward to working closely with our outstanding team to enable shared growth with clients and partners across the region.'
Zawya
20-06-2025
- Business
- Zawya
Visa appoints Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East and Africa
Cairo – Visa (NYSE: V) today announced the appointment of Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East and Africa (CEMEA). In his new role, the established Visa leader will be responsible for leading operations across more than 86 innovative and fast-growing markets. Visa's CEMEA operations today serve more than 1,800 clients from 23 local offices across the region. Mr. Muhmood brings more than 30 years of banking and payments experience to the role. He most recently served as head of Value-Added Services for Visa's Europe region, based in London, and originally joined Visa in 2019 as Group Country Manager for Southeast Asia, based in Singapore. Prior to joining Visa, Mr. Muhmood held senior leadership positions with Ahli United Bank, ANZ and HSBC. Mr. Muhmood will be based in Dubai, and will take on the role effective immediately, reporting to Oliver Jenkyn, Group President, Global Markets, Visa. Mr. Muhmood succeeds Andrew Torre, who was recently appointed as President of Visa's Value-Added Services business, which has rapidly grown into a $9B global business and has delivered annualized revenue growth of 20% since 2021. 'We are delighted to appoint a leader with Tareq's deep experience at the intersection of financial services, technology and high growth markets to lead Visa's fastest growing region and continue our journey to advance the future of digital payments across CEMEA,' said Mr. Jenkyn. 'During the course of his career, Tareq has worked in 13 countries, and brings unique global perspective, world-class leadership and a proven track record partnering with Visa's largest clients across diverse, complex and rapidly accelerating markets.' 'It is a great honor to lead the CEMEA region, and to continue the tremendous progress that has been made in transforming the future of payments, commerce and money movement across so many dynamic markets,' said Mr. Muhmood. 'Having spent more than a third of my career in the region, I am excited by the incredible opportunity to further expand digital payments amongst more consumers, merchants and economies. I look forward to working closely with our outstanding team to enable shared growth with clients and partners across the region.' About Visa Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions, and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable, and secure payments network, enabling individuals, businesses, and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement.
