Visa 的代幣策略：為亞太地區數位經濟帶來 20 億美元轉型

Visa 的Visa 令牌服務(VTS) 為亞太地區數位經濟的成長做出了重大貢獻，截至2024 年3 月，令牌發行量達到10 億枚。該服務增強了線上交易的安全性，用稱為令牌的唯一識別碼取代了敏感的卡片訊息，減少了詐欺風險並提高授權率。 VTS 的採用為數位經濟帶來了 20 億美元的成長，增加了商家收入，並改善了消費者的結帳體驗。

Visa's Gambit: How Tokens Transformed Asia Pacific's Digital Economy

Visa 的策略：代幣如何改變亞太地區的數位經濟

In a move that has sent ripples through the financial tech industry, Visa Inc. (V) has recently revealed that its Visa Token Service (VTS) has played a pivotal role in boosting the digital economy of the Asia Pacific region by a staggering $2 billion in 2023. By March 2024, the number of tokens issued on Visa systems linked to licensed issuers in the Asia Pacific region had crossed an astonishing 1 billion mark.

Visa Inc. (V) 最近透露，其 Visa 代幣服務 (VTS) 在推動亞太地區數位經濟方面發揮了關鍵作用，價值達 20 億美元，此舉在金融科技業引起了軒然大波。到2023 年3 月，到2024 年3 月，在與亞太地區授權發行人相關的Visa 系統上發行的代幣數量已突破了驚人的10 億大關。

A Digital Haven: Enhancing Convenience and Security

數位天堂：增強便利性和安全性

Visa's tokenization service generates unique identifiers, referred to as tokens, that are exclusively accessible to Visa. These tokens effectively replace the need for consumers to manually input their 16-digit debit or credit card numbers during digital transactions. Furthermore, when cards expire or are replaced, tokens eliminate the tedious task of updating card details across multiple platforms. The tokens also seamlessly integrate with a wide array of devices, including smartphones, wearables, and smart appliances, offering a seamless and frictionless payment experience.

Visa 的標記化服務會產生唯一識別碼（稱為標記），只有 Visa 才能存取。這些代幣有效地取代了消費者在數位交易期間手動輸入 16 位金融卡或信用卡號碼的需要。此外，當卡片過期或被更換時，令牌消除了跨多個平台更新卡詳細資訊的繁瑣任務。這些代幣還與各種設備無縫集成，包括智慧型手機、穿戴式裝置和智慧家電，提供無縫、無摩擦的支付體驗。

The Driving Force: Enhanced Security and Payment Success

驅動力：增強的安全性和支付成功

The primary objective of Visa tokens is to elevate the payment experience for both merchants and consumers while bolstering security in the ever-evolving digital landscape. For each transaction, tokens safeguard payment credentials, facilitate seamless data transfer, provide merchants with greater control, and expedite payment processing. A surrogate account number, along with cryptographic information and other data, effectively masks the underlying card information.

Visa 代幣的主要目標是提升商家和消費者的支付體驗，同時增強不斷發展的數位環境中的安全性。對於每筆交易，代幣都會保護支付憑證，促進無縫資料傳輸，為商家提供更大的控制權，並加快支付處理速度。代理帳號與加密資訊和其他資料一起有效地掩蓋了底層卡資訊。

This robust security framework translates into improved authorization rates and reduced instances of fraud, which would otherwise compromise sensitive data and result in substantial losses for both consumers and merchants. Merchants who have embraced VTS for their digital payment processing have witnessed not only a surge in payment success rates but also a significant decline in payment fraud.

這種強大的安全框架可以提高授權率並減少詐欺事件，否則詐欺事件可能會損害敏感資料並對消費者和商家造成重大損失。採用 VTS 進行數位支付處理的商家不僅見證了支付成功率的激增，而且支付詐欺的情況也顯著下降。

Streamlining Merchant Operations and Empowering Consumers

簡化商家營運並賦予消費者權力

As a result of these advantages, merchants gain valuable time and can channel their efforts towards product innovation and enhanced customer engagement. Conversely, tokens provide consumers with an upgraded checkout experience, making online shopping more convenient and secure.

由於這些優勢，商家可以獲得寶貴的時間，並可以將精力投入產品創新和增強客戶參與度。相反，代幣為消費者提供了升級的結帳體驗，使線上購物更加方便和安全。

Visa's Revenue Gambit: Tokens as a Driving Force

Visa 的收入策略：代幣作為驅動力

The widespread adoption of tokens, which have revolutionized consumer payment flows, is anticipated to generate significant revenue gains for Visa. Visa's business model hinges on leveraging technology to facilitate monetary transactions between consumers, merchants, financial institutions, and government entities spanning more than 200 countries and territories worldwide.

代幣的廣泛採用徹底改變了消費者的支付流程，預計將為 Visa 帶來顯著的收入成長。 Visa 的商業模式依賴於利用科技促進全球 200 多個國家和地區的消費者、商家、金融機構和政府實體之間的貨幣交易。

Global Reach: Digitization's Omnipresence

全球影響力：數位化無所不在

Visa's tokenization service continues to gain traction globally. At the end of fiscal 2023, Visa had issued over 7.5 billion network tokens, surpassing the number of physical cards in circulation. This announcement underscores Visa's sustained efforts to encourage global merchants and consumers to embrace digital payment systems in their daily lives. Security remains paramount, providing peace of mind in an increasingly digital economy where online transactions are often accompanied by the threat of cyber fraud.

Visa 的代幣化服務繼續在全球範圍內受到關注。截至 2023 財年末，Visa 已發行超過 75 億枚網路代幣，超過了流通中的實體卡片數量。這項公告凸顯了 Visa 為鼓勵全球商家和消費者在日常生活中採用數位支付系統所做的持續努力。在日益數位化的經濟中，安全仍然至關重要，在這種經濟中，線上交易往往伴隨著網路詐騙的威脅。

Peers in the Spotlight: SPX Technologies, CompoSecure, and Trane Technologies

聚光燈下的同業：SPX Technologies、CompoSecure 和 Trane Technologies

While Visa's performance has been impressive, it is worth examining the performance of some of its peers in the Business Services space. SPX Technologies, Inc. (SPXC), CompoSecure, Inc. (CMPO), and Trane Technologies plc (TT) have exhibited strong financial performance and carry positive Zacks Rank ratings.

儘管 Visa 的表現令人印象深刻，但商業服務領域的一些同行的表現也值得研究。 SPX Technologies, Inc. (SPXC)、CompoSecure, Inc. (CMPO) 和 Trane Technologies plc (TT) 表現出強勁的財務業績，並獲得積極的 Zacks Rank 評級。

SPX Technologies: Surpassing Expectations

SPX Technologies：超越預期

SPX Technologies has consistently exceeded earnings estimates in recent quarters, with an average surprise of 23.19%. Analysts project a 16.7% year-over-year increase in 2024 earnings and a 13.1% growth in revenues. The consensus estimate for SPXC's 2024 earnings has risen 1.8% in the past 30 days.

SPX Technologies 在最近幾季的獲利持續超出預期，平均驚喜率為 23.19%。分析師預計 2024 年獲利將年增 16.7%，營收將成長 13.1%。過去 30 天內，對 SPXC 2024 年盈利的普遍預期上漲了 1.8%。

CompoSecure: Consistent Performance

CompoSecure：一致的效能

CompoSecure has also outperformed analysts' estimates in recent quarters, with an average surprise of 7.97%. Analysts anticipate a 12.4% rise in 2024 earnings and a 6.5% growth in revenues. The consensus estimate for CMPO's 2024 earnings has increased 0.9% in the past 60 days.

CompoSecure 最近幾季的表現也超出了分析師的預期，平均驚喜率為 7.97%。分析師預計 2024 年獲利將成長 12.4%，營收將成長 6.5%。在過去 60 天內，CMPO 2024 年獲利的普遍預期成長了 0.9%。

Trane Technologies: Solid Quarter Results

特靈科技：季度業績穩健

Trane Technologies has surpassed earnings estimates in each of the past four quarters, with an average surprise of 4.47%. Analysts forecast a 12.6% year-over-year improvement in 2024 earnings and a 7.1% increase in revenues. The consensus estimate for TT's 2024 earnings has seen a 2.1% upward revision in the past 60 days.

特靈科技過去四個季度的獲利均超出預期，平均驚喜率為 4.47%。分析師預測 2024 年獲利將年增 12.6%，營收將成長 7.1%。在過去 60 天內，對 TT 2024 年獲利的普遍預期上調了 2.1%。

Market Performance

市場業績

The stock prices of SPX Technologies, CompoSecure, and Trane Technologies have also outperformed Visa's in recent months. SPX Technologies has gained 47.1%, CompoSecure has risen 10.9%, and Trane Technologies has climbed 50.6%.

SPX Technologies、CompoSecure 和 Trane Technologies 的股價近幾個月也贏了 Visa。 SPX Technologies 上漲 47.1%，CompoSecure 上漲 10.9%，Trane Technologies 上漲 50.6%。

Conclusion

結論

Visa's tokenization service has undeniably played a transformative role in the Asia Pacific region's digital economy, boosting revenues and enhancing the payment experience for both merchants and consumers. While Visa remains a dominant player, it is essential to keep an eye on its peers' performance as the Business Services market evolves. With strong fundamentals and positive market sentiment, SPX Technologies, CompoSecure, and Trane Technologies are companies to watch as the digital economy continues to expand.

無可否認，Visa 的代幣化服務在亞太地區的數位經濟中發揮了變革性作用，增加了收入並增強了商家和消費者的支付體驗。儘管 Visa 仍然佔據主導地位，但隨著商業服務市場的發展，密切關注同行的表現至關重要。 SPX Technologies、CompoSecure 和 Trane Technologies 憑藉強勁的基本面和積極的市場情緒，是數位經濟持續擴張過程中值得關注的公司。