Visa (V +0.2%) CEO Charlie Scharf presented today at a JPMorgan tech and media conference with a positive spin on the state of the global consumer.
Despite the obvious difficulties the company will have achieving its targeted growth rates in Russia and Venezuela, emerging markets and a payments acceleration in the U.S. should offset.
On EMV chip implementation: Visa supports moving forward with the technology as a way to reduce fraud losses. The process will take "years," not months.
Visa's margins might be maintained, but most likely won't be expanded as acquisitions and investments cut in.
The company forecasts it will ultimately benefit from higher interest rates.