Visa Investor Day
U.S. debit is re-emerging as a driver
of growth
Y/Y Debit Growth Trajectory*
VISA
Pre-Regulation
25%
20%
15%
10%
5%
0%
-5%
-10%
Post-Regulation
Industry
Primarily
Interlink PV loss
Visa
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Jan Feb Mar Apr
2010
2011
2012
2013
Regulated debit
Two network
•
•
Strong commitment
by cardholders
Continues to be ~20%
of Visa Inc. global revenue**
Visa is on 75% of US
debit cards
Routing agreements
with over 100 merchants
and acquirers
Situation will continue
to be dynamic but
Visa well-positioned
interchange reset
requirement deadline
Source: Nilson; SEC Filings; Visa Inc. estimates; data is calendar year quarters except where noted.
*All debit, Signature and PIN **Fiscal years 2010 and 2012
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