TLDR
- Visa has partnered with Dunamu, operator of South Korea’s largest crypto exchange Upbit, to explore stablecoin and AI payment services.
- The deal follows a similar agreement with Shinhan Financial Group earlier this week, deepening Visa’s footprint in South Korea.
- Collaboration will focus on OUSD stablecoin-based payment models and AI-powered agentic commerce infrastructure.
- Visa stock opened at $379.23 on Friday, down 1.2%, with a consensus analyst “Buy” rating and a price target of $414.54.
- North Star Asset Management took a new $48.4 million position in Visa during Q2, while multiple other institutional investors added to existing positions.
Visa is making a series of moves in South Korea, and this week it added another one. The payments giant has signed a partnership with Dunamu, the company behind Upbit, South Korea’s number one crypto exchange.
The deal centres on developing financial payment services using stablecoins and artificial intelligence. Specifically, the two companies plan to explore business models built around OUSD, an open-standard stablecoin.
The agreement also covers AI-powered payment services and infrastructure for agentic commerce. That means AI agents that search for products and complete purchases on behalf of users.
Dunamu CEO Oh Kyung-seok said the partnership reflects key trends. “AI, stablecoins and tokenization are key trends that will reshape how finance and commerce operate,” he said.
This is Visa’s second major South Korea deal this week. Earlier, the company announced a settlement infrastructure agreement with Shinhan Financial Group, one of the country’s largest financial conglomerates.
South Korea has at least 16 million crypto users according to CoinGecko, making it an increasingly attractive market for payments infrastructure players.
Visa Stock Moves Friday
Visa stock opened at $379.23 on Friday, down 1.2% on the day. The stock has a 52-week range of $293.89 to $385.57, meaning it is trading near its annual high.
The 50-day moving average sits at $357.99 and the 200-day moving average is at $331.08. The company carries a market cap of $676.72 billion and a price-to-earnings ratio of 32.25.
In its most recent quarterly earnings, reported July 28th, Visa posted EPS of $3.32, beating the $3.23 consensus estimate. Revenue came in at $11.63 billion, up 14.4% year-over-year and above the $11.40 billion estimate.
Analyst Ratings and Institutional Activity
Wall Street remains broadly positive on Visa. Piper Sandler holds an “overweight” rating with a $430 price target. Wells Fargo also rates it “overweight” with a $432 target. UBS and Barclays both carry “buy” or “overweight” ratings with $420 targets. The consensus price target across analysts sits at $414.54.
On the institutional side, North Star Asset Management took a new position worth roughly $48.4 million in Q2. Several other firms including G&S Capital and NerdWallet Wealth Partners also added to their Visa positions during the quarter. Institutional investors hold 82.15% of the stock.
CEO Ryan McInerney sold 5,875 stock units on August 21st at an average price of $367.87 under a pre-arranged Rule 10b5-1 plan. Insiders overall sold stock valued at approximately $34.5 million in the past 90 days.
Visa also declared a quarterly dividend of $0.67 per unit, payable September 1st, representing an annualised yield of 0.7%.
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