rich1.0CapitMonet wroteCapitMonet (npub15q…n43pr)https://yabu.me/npub15qydznwe6gl3j57qusn0x8tum2fxlgkyt30udrpz6tctngr22zkqvn43prnjumphttps://yabu.me$V Visa makes ~$20B net profit a year.
No lending. No credit risk.
It doesn't underwrite. It processes.
Every swipe. Every tap. Every country.
200+ markets. 24/7.
Toll booth on global commerce.
The model:
→ You spend → Bank processes → Visa gets paid
Consumer up? More volume.
Consumer down? Less volume — margins hold.
The moat is network depth.
Replicating it = decades + billions.
And convincing every bank on earth to switch.
That last part is the hardest.
Not risk-free:
→ DOJ antitrust pressure
→ UPI / PIX bypassing rails
→ Fee caps in Europe
What's real:
→ ~50% net margins
→ Consistent growth
→ No reliance on credit cycles
Not the cheapest. One of the best-built models.
You're not betting on innovation.
You're betting the world keeps paying.