Even with inflation, higher rates, and talk of a spending slowdown, consumers are still tapping away, and Visa’s numbers prove it. With quarterly revenue up 12 percent and cross-border transactions climbing 12 percent, Visa remains one of the clearest reflections of how the world spends.

Dan Koh and Audrey Siek find out what these results reveal about consumer confidence, digital payments, and the quiet power of a company that moves nearly half the world’s money.