Visa stock slips as China UnionPay payments push and $100 million Visa & Main platform grab focus
Visa shares fell 0.3% to $328.03 Friday, while Mastercard dropped 2% and American Express rose 1.6%. Visa Direct will partner with UnionPay International to expand cross-border payments into mainland China. The company also launched “Visa & Main,” a platform for U.S. small businesses, with a $100 million working-capital facility.