Reap becomes the first Asian fintech to partner with Visa for global stablecoin card issuing, providing an end-to-end platform that handles card network authorization, processing, compliance, and operations for scalable programs.

The collaboration aligns with Visa’s strategy to act as a hyperscaler, integrating stablecoins, blockchain, and on-chain payments to deliver real-world value for businesses.

Visa reports an annual run rate of about $20 billion in global stablecoin settlement volume, with more than 160 stablecoin card programs worldwide, and aims to deepen adoption through this partnership.

Investors are encouraged to compare Visa’s on-chain and AI-infrastructure implications with other opportunities using Simply Wall St’s stock screeners and visuals.

Visa’s model positions it as the transaction engine and identity checkpoint for AI agents, blending traditional network fees with risk and data services rather than relying solely on software compute revenue.

Use cases highlighted include corporate treasury and cross-border spending, global payouts and vendor spend, and embedded finance for B2B platforms through branded card programs.

Key risks include regulatory and pricing pressures, potential competition from real-time domestic schemes, and the risk of stablecoin networks bypassing card-based tolls, which could affect margins and growth.

Fair value estimates from Simply Wall St Community range roughly from $352 to $430, reflecting diverse investor views on Visa’s pricing, growth, and regulatory trajectory as the on-chain strategy unfolds.

The expanded collaboration introduces new settlement and payment pathways, potentially enabling AI-assisted, authenticated payments under predefined parameters while preserving security and compliance.

Analysts expect Visa revenue of about $61.1 billion and earnings of $33.3 billion by 2029, implying roughly 11% annual top-line growth and about $10.9 billion in earnings growth from current levels.

The market for stablecoin-linked card programs is expanding rapidly, with Artemis Research noting a 106% CAGR, signaling strong demand for infrastructure linking stablecoins with merchant acceptance.

Visa’s on-chain push moves the company closer to the AI infrastructure layer, serving as the payments and identity backbone for AI-driven agent transactions.