Visa Inc. CEO Unveils Investment Plans in Generative AI and Local Fintechs

The CEO of Visa Inc. has revealed intentions to invest in both the Generative AI sector and local fintech companies, aiming to elevate curated payment experiences through the innovative capabilities of Generative AI.

Speaking exclusively to CNBC-TV18’s Managing Editor Shereen Bhan at News18 Rising Bharat Summit, Ryan McInerney, CEO of Visa Inc., acknowledged India’s position as a fintech innovator and exporter, particularly lauding the role of Indian fintechs in popularizing QR code payments.

Expressing a keen interest in the vast opportunities present in India, McInerney highlighted Visa Inc.’s deep commitment to the country, citing recent developments such as the establishment of a new office and market support center, along with the launch of a new internal social media platform.

Over the years, Visa Inc., a leading American payment card services corporation, has solidified its presence in India by forming partnerships within the country’s fintech and startup ecosystem, adapting to the shifting market dynamics.

McInerney stressed the company’s focus on investing in the Generative AI domain and local fintech ventures, recognizing the potential of Generative AI to significantly enhance tailored payment experiences and empower small businesses globally.

Commenting on the evolving regulatory landscape in India, McInerney emphasized Visa Inc.’s commitment not only to compliance but also to setting the standard in regulatory adherence. He commended Indian regulators for their pioneering role in fostering innovation, particularly in areas like tokenization, where they have been at the forefront, emphasizing the importance of trust in the success of digital payments.