Visa Investor Presentation — April 2018

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Fiscal Second Quarter 2018

April 25, 2018Fiscal Second Quarter 2018 Financial Results2

©2018 Visa. All rights reserved. This presentation contains forward -looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to, among

other things, our future operations, prospects, developments, strategies, business growth and financial outlook for fiscal full-year 2018. Forward -looking

statements generally are identified by words such as "believes," "estimates," "expects," "intends," "may," "projects," “outlo ok”, "could," "should," "will,"

"continue" and other similar expressions. All statements other than statements of historical fact could be forward -looking state ments , which speak only as

of the date they are made, are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are

beyond our control and are difficult to predict.

Actual results could differ materially from those expressed in, or implied by, our forward- looking statements due to a variety o f factors, including, but not

•increased oversight and regulation of the global payments industry and our business;

•impact of government -imposed restrictions on payment systems;

•outcome of tax,litigation and governmental investigation matters;

•increasingly intense competition in the payments industry, including competition for our clients and merchants;

•proliferation and continuous evolution of new technologies and business models;

•our ability to maintain relationships with our clients, merchants and other third parties;

•brand or reputational damage;

•management changes;

•impact of global economic, political, market and social events or conditions;

•exposure to loss or illiquidity due to settlement guarantees;