Visa 的代币策略：为亚太地区数字经济带来 20 亿美元转型

Visa 的 Visa 令牌服务 (VTS) 为亚太地区数字经济的增长做出了重大贡献，截至 2024 年 3 月，令牌发行量达到 10 亿枚。该服务增强了在线交易的安全性，用称为令牌的唯一标识符取代了敏感的卡信息，减少了欺诈风险并提高授权率。 VTS 的采用为数字经济带来了 20 亿美元的增长，增加了商家收入，并改善了消费者的结账体验。

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

Visa 的策略：代币如何改变亚太地区的数字经济

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 令牌服务 (VTS) 在推动亚太地区数字经济方面发挥了关键作用，价值达 20 亿美元，此举在金融科技行业引起了轩然大波。到 2023 年 3 月，到 2024 年 3 月，在与亚太地区授权发行人相关的 Visa 系统上发行的代币数量已突破了惊人的 10 亿大关。

A Digital Haven: Enhancing Convenience and Security

数字天堂：增强便利性和安全性

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 的标记化服务生成唯一标识符（称为标记），只有 Visa 才能访问。这些令牌有效地取代了消费者在数字交易期间手动输入 16 位借记卡或信用卡号码的需要。此外，当卡过期或被更换时，令牌消除了跨多个平台更新卡详细信息的繁琐任务。这些代币还与各种设备无缝集成，包括智能手机、可穿戴设备和智能家电，提供无缝、无摩擦的支付体验。

The Driving Force: Enhanced Security and Payment Success

驱动力：增强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 代币的主要目标是提升商家和消费者的支付体验，同时增强不断发展的数字环境中的安全性。对于每笔交易，代币都会保护支付凭证，促进无缝数据传输，为商家提供更大的控制权，并加快支付处理速度。代理账号与加密信息和其他数据一起有效地掩盖了底层卡信息。

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.

这种强大的安全框架可以提高授权率并减少欺诈事件，否则欺诈事件可能会损害敏感数据并给消费者和商家造成重大损失。采用 VTS 进行数字支付处理的商户不仅见证了支付成功率的激增，而且支付欺诈的情况也显着下降。

Streamlining Merchant Operations and Empowering Consumers

简化商户运营并赋予消费者权力

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.

由于这些优势，商家可以获得宝贵的时间，并可以将精力投入到产品创新和增强客户参与度上。相反，代币为消费者提供了升级的结账体验，使在线购物更加方便和安全。

Visa's Revenue Gambit: Tokens as a Driving Force

Visa 的收入策略：代币作为驱动力

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.

代币的广泛采用彻底改变了消费者的支付流程，预计将为 Visa 带来显着的收入增长。 Visa 的商业模式依赖于利用技术促进全球 200 多个国家和地区的消费者、商家、金融机构和政府实体之间的货币交易。

Global Reach: Digitization's Omnipresence

全球影响力：数字化无所不在

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 的代币化服务继续在全球范围内受到关注。截至 2023 财年末，Visa 已发行超过 75 亿枚网络代币，超过了流通中的实体卡数量。这一公告凸显了 Visa 为鼓励全球商家和消费者在日常生活中采用数字支付系统所做的持续努力。在日益数字化的经济中，安全仍然至关重要，在这种经济中，在线交易往往伴随着网络欺诈的威胁。

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

聚光灯下的同行：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.

尽管 Visa 的业绩令人印象深刻，但商业服务领域的一些同行的表现也值得研究。 SPX Technologies, Inc. (SPXC)、CompoSecure, Inc. (CMPO) 和 Trane Technologies plc (TT) 表现出强劲的财务业绩，并获得积极的 Zacks Rank 评级。

SPX Technologies: Surpassing Expectations

SPX Technologies：超越预期

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 最近几个季度的盈利持续超出预期，平均惊喜率为 23.19%。分析师预计 2024 年盈利将同比增长 16.7%，收入将增长 13.1%。过去 30 天内，对 SPXC 2024 年盈利的普遍预期上涨了 1.8%。

CompoSecure: Consistent Performance

CompoSecure：一致的性能

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 最近几个季度的表现也超出了分析师的预期，平均惊喜率为 7.97%。分析师预计 2024 年盈利将增长 12.4%，收入将增长 6.5%。过去 60 天内，CMPO 2024 年盈利的普遍预期增长了 0.9%。

Trane Technologies: Solid Quarter Results

特灵科技：季度业绩稳健

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.

特灵科技过去四个季度的盈利均超出预期，平均惊喜率为 4.47%。分析师预测 2024 年盈利将同比增长 12.6%，收入将增长 7.1%。过去 60 天内，对 TT 2024 年盈利的普遍预期上调了 2.1%。

Market Performance

市场业绩

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 的股价近几个月也跑赢了 Visa。 SPX Technologies 上涨 47.1%，CompoSecure 上涨 10.9%，Trane Technologies 上涨 50.6%。

Conclusion

结论

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.

无可否认，Visa 的代币化服务在亚太地区的数字经济中发挥了变革性作用，增加了收入并增强了商家和消费者的支付体验。尽管 Visa 仍然占据主导地位，但随着商业服务市场的发展，密切关注同行的表现至关重要。 SPX Technologies、CompoSecure 和 Trane Technologies 凭借强劲的基本面和积极的市场情绪，是数字经济持续扩张过程中值得关注的公司。