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It explains that such statements are not guarantees of future performance and may differ materially due to regulatory timing and outcomes, shifts in competitive and regulatory conditions, Plaid’s data relationships, cyber incidents, integration pace and success, and Plaid’s international expansion. The presentation also summarizes strategic rationale and market expansion themes for Visa, including fintech developer enablement and Plaid’s platform value proposition.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/visas-acquisition-of-plaid-january-13-2020-forward-looking-statements-legal-notice/308738/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/visas-acquisition-of-plaid-january-13-2020-forward-looking-statements-legal-notice/308738.png","ImageObject",300,407,{"name":92,"@type":93},"Maeve","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-18","2026-09-20",true,{"@type":102,"interactionType":103,"userInteractionCount":34},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What are forward-looking statements in this presentation?","Question",{"text":112,"@type":113},"The presentation states that forward-looking statements are identified by terms such as “will,” “is expected,” and similar expressions, and include statements about timing and likelihood of closing, Plaid’s future success, and anticipated impacts and benefits.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"Why could actual results differ from forward-looking statements?",{"text":117,"@type":113},"Actual results may differ due to factors like regulatory approval timing and outcome, changes in the regulatory and competitive landscape, maintaining data relationships, cyber incidents, integration pace and success, and Plaid’s international expansion progress.",{"name":119,"@type":110,"acceptedAnswer":120},"Does Visa plan to update forward-looking statements?",{"text":121,"@type":113},"Except as required by law, the presentation says Visa does not intend to update or revise forward-looking statements due to new information or future developments.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},308738,1790346597,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":34,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":44,"language":139,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":67,"update_tm":143,"read_time":144,"preview_page_count":4},5909877438554,"https://ap-avatar.wpscdn.com/avatar/5600025385ad2bf12a7?_k=1778553567797529272","Visa’s Acquisition of Plaid  \nJanuary 13, 2020  \nForward Looking Statements  \nThis presentation contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are identified by words such as “will,” “is expected,”and other similar expressions. Examples of forward-looking statements include, but are not limited to, statements we make regarding the timing and likelihood of closing, Plaid’s future success, the impact of the acquisition on Visa’s growth, and the other benefits to Visa, developers, financial institutions and consumers.  \nBy their nature, forward-looking statements: (i) speak only as of the date they are made; (ii) are not statements of historical fact or guarantees of future performance; and (iii) are subject to risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify. Therefore , actual results could differ materially and adversely from Visa’s forward-looking statements due to a variety of factors, including the timing and outcome of the regulatory approval process, shifts in the regulatory and competitive landscape, Plaid's maintenance of relationships with sources of data, cyber incidents, the pace and success of integration, Plaid’s success in international expansion, and various other factors, including those contained in our Annual Report on Form 10-K for the fiscal year ended September 30, 2019, and our other filings with the U. S. Securities and Exchange Commission.  \nYou should not place undue reliance on such statements. Except as required by law, we do not intend to update or revise any forward-looking statements as a result of new information, future developments or otherwise.  \n©2020 Visa. All rights reserved.  \nStrategic Rationale  \nEnhances Visa’s role as a partner to fintech developers globally  \n\n| \u003Cbr>| Expansion of total addressable market |\n| --- | --- |\n| | Acceleration of long-term revenue growth trajectory |\n\nBest-in-class platform and team  \nFintechs Serve a Large Addressable Market with Very High Growth Rates  \nInternet Enabled Consumers1  \n(Billions)  \n2014  \n2019  \n% of World Population  \n42%  \n59%  \nFintech Adoption2  \n% of internet enabled consumers using at least 1 fintech app  \n2015  \n2017  \n2019  \nUsers of Select Fintechs3  \nFintech users growing 50%+(Millions)  \nYoY Growth  \nCredit Karma  \nVenmo  \nCoinbase  \nMint  \nSquare Cash NuBank  \nToss  \nClearscore  \nEtoro  \nRevolut  \nSo Fi  \nCircle  \nRobinhood  \nTransferwise  \nRainist  \nMoneyLion Chime  \nAcorns  \nMonzo  \nN26  \nDave  \nStash  \n\n|  | 100 ~18% |\n| --- | --- |\n| 40 | N/A |\n| 30 | ~36% |\n| 20 | ~26% |\n| 15 | ~100% |\n| 15 | ~150% |\n| 13 | N/A |\n| 10 | N/A |\n| 10 | N/A |\n| 8 | ~167% |\n| 7.5 | N/A |\n| 7 | N/A |\n| 6 | ~100% |\n| 6 | ~50% |\n| 5 | N/A |\n| 5 | ~80% |\n| 5 | N/A |\n| 4.5 | N/A |\n| 3.6 | ~137% |\n| 3.5 | ~96% |\n| 3.5 | N/A |\n| 1.7 | ~100% |\n\nSource: 1. Internet World Stats; 2. Ernst & Young; 3. Individual company information; Not all are Plaid customers; 4. CB Insights  \nFintech Funding4 VC-backed  \n$120 Billion  \n(7,688 Deals) in the last 5 years  \n59 Unicorns  \nValued over $200 billion  \n©2020 Visa. All rights reserved.  \nPlaid is the Best-in-Class Platform Connecting Fintech Developers, Financial Institutions and Consumers  \n• Plaid is a financial data network that makes it easy for people to securely connect their financial accounts to the apps they use to manage their financial lives  \n• Provides safe, secure connections for 80% of the largest U.S. fintech apps  \n– 11,000+ bank and financial services companies  \n– 2,600+ fintech developers  \n– 200+ million consumer accounts, including one in four people with a U.S. bank account  \n• Headquartered in San Francisco; Founded in 2013  \n• Currently ~450 employees  \nAccount Authentication & Authorization  \nFintech Products & Applications  \n2,600+ Fintech & Financial Institution Developers  \nFintech 1 Fin. Instit. 2 Cust. 2,600 +  \nIntegrate With","cbCaioOe6pfFzkn0","https://ap.wps.com/l/cbCaioOe6pfFzkn0","pdf",740060,"English","# Strategic Rationale\n## Forward Looking Statements\n## Best-in-class platform and team\n## Plaid value proposition to partners\n# Plaid Expands Visa’s Addressable Market","[{\"question\":\"What are forward-looking statements in this presentation?\",\"answer\":\"The presentation states that forward-looking statements are identified by terms such as “will,” “is expected,” and similar expressions, and include statements about timing and likelihood of closing, Plaid’s future success, and anticipated impacts and benefits.\"},{\"question\":\"Why could actual results differ from forward-looking statements?\",\"answer\":\"Actual results may differ due to factors like regulatory approval timing and outcome, changes in the regulatory and competitive landscape, maintaining data relationships, cyber incidents, integration pace and success, and Plaid’s international expansion progress.\"},{\"question\":\"Does Visa plan to update forward-looking statements?\",\"answer\":\"Except as required by law, the presentation says Visa does not intend to update or revise forward-looking statements due to new information or future developments.\"}]","Visa’s Acquisition of Plaid - January 13, 2020 - Forward Looking Statements - legal notice | PDF",1789872145,23]