ZUG, Switzerland - Thursday, 23. July 2026
Ad hoc announcement pursuant to Art. 53 LR
(BUSINESS WIRE)--Galderma Group AG (SIX: GALD), the pure-play dermatology category leader, today announced its financial results for the first half of 2026.
Net sales reached 3.134 billion USD, surpassing 3 billion USD for the first time in the first six months of the year and representing net sales growth of 24.6% at constant currency1.
Broad-based, double-digit growth in both International markets and the U.S. as well as in all product categories, primarily driven by volume and complemented by favorable mix.
Outperforming the market in each product category, with net sales growth year-on-year at constant currency of 12.1% in Injectable Aesthetics, 16.4% in Dermatological Skincare, and 67.9% in Therapeutic Dermatology.
Demonstrating leadership in dermatology through ongoing geographic expansion and differentiated innovation, including Nemluvio® (nemolizumab), which generated 433 million USD in net sales, Relfydess™ (RelabotulinumtoxinA), which continues to ramp-up with approvals in 33 International markets, alongside continued investment in science-based innovation and medical education.
Core EBITDA2 margin expansion of 328 basis points at constant currency, ahead of initial expectations for the first half, with Core EBITDA reaching 802 million USD, up 42.8% year-on-year at constant currency, and a Core EBITDA margin of 25.6%.
Core EPS3 grew to 2.34 USD, up 68.5% year-on-year, driven by strong Core EBITDA and reduced financing costs.
Raising 2026 full-year net sales guidance to 19-21% growth at constant currency (previously 17-20%) based on a strong trajectory, and confirming Core EBITDA margin of approximately 26% at constant currency.
“Galderma delivered a strong first half of 2026, with broad-based growth across geographies and product categories, reflecting the strength of our integrated dermatology strategy. Our upcoming inclusion in the Swiss Market Index, Switzerland’s leading blue-chip equity index, effective September 21, is an important milestone in our journey as a listed company and further recognition of Galderma’s progress. Building on this momentum, we are raising our full-year net sales growth guidance as we continue to advance our dermatology powerhouse ambition.”
FLEMMING ØRNSKOV, M.D., MPH
CHIEF EXECUTIVE OFFICER
GALDERMA
Commercial performance
Galderma is on a strong trajectory in 2026 to deliver on another year of opportunities, as it continues to execute on its proven, growth-driven integrated dermatology strategy. Growth for the year is expected to be broad-based across its portfolio, complemented by new launches and geographic expansion.
For the first half of 2026, Galderma achieved net sales of 3,134 million USD, surpassing 3 billion USD for the first time in the first six months of a year. Year-on-year net sales growth was 24.6% at constant currency, predominantly driven by volume and complemented by favorable mix. Excluding the anticipated effects of Nemluvio’s gross-to-net pricing evolution, price contributed positively to growth. Growth remained strong in the second quarter of the year, with net sales up 23.8% year-on-year at constant currency.
Net sales growth remained broad-based, with double-digit growth in most of Galderma’s top 10 markets and across all product categories. Galderma continued to outperform the market in each of its product categories.
View full article here - https://www.aetoswire.com/en/news/2307202656441
View source version on businesswire.com: https://www.businesswire.com/news/home/20260722555754/en/
Permalink
https://www.aetoswire.com/en/news/2307202656441
Contacts
For further information:
Media
Christian Marcoux, M.Sc.
Chief Communications Officer
christian.marcoux@galderma.com
+41 76 315 26 50
Richard Harbinson
Corporate Communications Director
richard.harbinson@galderma.com
+41 76 210 60 62
Investors
Emil Ivanov
Head of Strategy, Investor Relations and ESG
emil.ivanov@galderma.com
+41 21 642 78 12
Jessica Cohen
Investor Relations and Strategy Director
jessica.cohen@galderma.com
+41 21 642 76 43
Friday, July 24, 2026
FPT Partners with Nuummite and e-CENS to Explore Strategic Technology Collaboration Across the Middle East and Africa
HANOI, Vietnam -
(BUSINESS WIRE)--Global technology corporation FPT and Nuummite, a MEA-based digital transformation and intelligent automation firm, have signed a Strategic Cooperation Agreement to advance collaboration across the Middle East and Africa, creating a stronger platform for enterprise transformation through customer experience, data, AI, and cloud solutions. As part of the broader collaboration, e-CENS will contribute its regional data and analytics expertise alongside Nuummite’s digital transformation and intelligent automation capabilities.
Under the agreement, FPT will work with Nuummite and e-CENS to explore opportunities across a broad set of strategic areas, with an initial focus on Salesforce-led customer transformation and agentic AI, including Agentforce, Data Cloud, and cross-cloud delivery across sales, service, marketing, commerce, and analytics. This will be supported by a broader portfolio covering Adobe and Sitecore experience platforms, data and AI, intelligent automation, and cloud services. The partnership is designed to create a more structured model for joint business development and enterprise transformation by combining FPT’s global technology and delivery capabilities with Nuummite and e-CENS’ regional market access, data expertise and execution strength. Together, the companies aim to accelerate digital adoption and build stronger commercial momentum in priority sectors such as retail, real estate, insurance, aviation, and media and entertainment.
The agreement builds on an existing working relationship between FPT and Nuummite that began in 2024 and elevates it into a broader strategic collaboration, with a clearer framework for joint market activation, coordinated growth, and long-term partnership development.
“Customer experience, AI, and data are becoming central to a more mature, outcome-driven model of enterprise transformation across the region. Leveraging our AI maturity framework, CASAN, along with the FleziPT platform and an AI-augmented workforce, we are well positioned to work with Nuummite in helping organizations to accelerate execution, turning digital priorities into measurable efficiency, stronger growth, and long-term business value,” said Kenan Homsi - Regional Vice President, FPT Middle East and Africa, FPT Corporation.
“The opportunity is not in adding more technology. It is in making technology work in the market, around the customer, and against real business priorities. Nuummite and e-CENS understand how enterprises across the region buy, operate, and change, while FPT brings the depth and scale to deliver. Together, we can turn complex transformation agendas into practical programs that move faster, reduce risk, and produce measurable results,” said Bashar Hafez - Co-Founder and Managing Director, Nuummite and e-CENS.
Since opening its first office in the Middle East in 2020, FPT has expanded its regional presence rapidly, building strong client momentum across multiple sectors and accelerating growth in the market. The company recently secured a Regional Headquarters license for its operations in Saudi Arabia and the Middle East, becoming the first Vietnam-based enterprise authorized to conduct regional operations in the Kingdom. This collaboration marks a further step in strengthening FPT’s growth strategy in MEA through a more structured channel model and supporting enterprise clients through a combination of technical scale, local execution, and market-led partnership development.
About FPT
FPT Corporation (FPT) is a globally leading technology and IT services provider headquartered in Vietnam, operating in three core sectors: Technology, Telecommunications, and Education. Over more than three decades, FPT has consistently delivered impactful solutions to millions of individuals and tens of thousands of organizations worldwide. As an AI-first company, FPT is committed to elevating Vietnam’s position on the global tech map and delivering world-class AI-enabled solutions for global enterprises. FPT focuses on three critical transformations: Digital Transformation, Intelligence Transformation, and Green Transformation. In 2024, FPT reported a total revenue of USD 2.47 billion and a workforce of over 54,000 employees across its core businesses. For more information about FPT's global IT services, please visit https://fptsoftware.com.
About Nuummite
Nuummite is a GCC-based digital transformation and intelligent automation partner with offices in Saudi Arabia, UAE and Jordan, serving the region’s most ambitious enterprises across Salesforce, RPA, data, and AI. Its clients include IKEA Saudi Arabia, Sony (Modern Electronics), Abdul Latif Jameel, Tamer Healthcare, Alfaysaliah Group, Medad, Orange, flyadeal, SMSA Express, ARASCO, Emirates Post Group, and Silal. For more information, please visit https://nuummite.com.
About e-CENS
e-CENS, with roots dating back to 2003, is a trusted strategic partner for enterprises seeking to transform data into a powerful competitive advantage. Its expertise spans the entire data lifecycle—from data collection and governance to activation across marketing, sales, and customer experience—supporting leading global brands across retail and e-commerce, financial services, travel, and hospitality.
e-CENS has worked with prominent organizations including Saudia, Jarir, eXtra, Emirates, Oman Air, the Dubai Department of Economy and Tourism, du, Emaar, Carrefour, Abu Dhabi Commercial Bank, and MultiBank Group.
For more information, please visit https://e-cens.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260721153747/en/
Permalink
https://aetoswire.com/en/news/54574119
Contacts
Media Contact
Mai Duong (Ms.)
FPT Corporation
FPT Software PR Manager
MCP.PR@fpt.com
Nuummite
marketing@nuummite.com
e-CENS
marketing@e-cens.com
Boyd Watterson Global Names John Creswell Global Chief Client Officer to Accelerate Global Growth and Client Engagement
Kane CLI now takes a requirement all the way to a ship-or-hold verdict, designing the tests, running them in a real browser, and emitting an open .evidence proof pack that teammates, AI agents, and auditors can all verify, with no server or dashboard required
(BUSINESS WIRE) -- TestMu AI (formerly LambdaTest), the world's first Agentic AI-powered Quality Engineering platform, introduced a source-to-verdict loop in Kane CLI, its natural-language testing tool. Building on Kane CLI's evolution from a browser automation tool, the loop carries a product requirement to a ship decision, writing the tests, running them in the local browser, collecting the proof, measuring coverage from what actually happened, and returning a verdict.
As AI agents write, run, and fix tests, a green checkmark is no longer enough: a step that checks nothing passes, a test written against a spec that changed weeks ago passes, and an agent that says “done” without the click ever landing passes. Empty green and earned green are the same color on every dashboard, the number climbs while the risk does not move. Kane CLI closes that gap: it carries a requirement to a verdict, and proves every step of it.
One loop. Source to verdict.
You no longer hand Kane CLI a test script, you hand it your requirements. Nine stages form one traceable line:
Source → Business use case → Scenario → Acceptance criteria → test.md → Execution → Evidence → Coverage → Verdict
The first half is the AI doing the test-engineering; the second half is the proof. The number at the end is read off the machine, never typed, never assumed.
Ingest anything. Point Kane CLI at a PRD, Jira ticket, Confluence spec, Figma frame, or demo video and it pulls them into context — no other tool takes a Figma node or an mp4 as a requirement source.
AI designs the tests, and asks when it should. It extracts business use cases, breaks each into scenarios, and pins every scenario to acceptance criteria. When two sources disagree, it stops and asks which is current, rather than guessing.
Tests you can read, carrying their own coverage map. The output is test.md: plain Markdown a human can edit, where every step declares which criterion it proves. Traceability is built in, not a spreadsheet beside the tests.
Deterministic execution in a real browser. Authoring is loose and intent-based; execution replays a recorded run with no LLM in the loop, so it behaves the same every time. Autoheal kicks in only when the product has genuinely drifted, and flows can run past 50 steps.
One .evidence pack per run. Not a screenshot and a log, but the whole run: the agent's trajectory, the network as a HAR, the DOM where things diverged, the console, the video, and a root-cause writeup of any failure. It opens as a page with levels — L0 minimal, L1 coverage and quality signals, L3 signing, attestation, and per-file hashes.
Three scores behind every tick. Evidence-backed (was the pass real), legitimacy (did the agent really do it — a no-op click reads legit:false), and determinism (does it reproduce).
A coverage number allowed to fall. Coverage is computed from the pack, not asserted by the tool that ran it. Strict mode demotes tests that passed against a since-changed spec — a percentage that can fall is the only kind you can trust when it rises.
Then someone signs. Coverage, confidence, uncovered criteria, and stale sources roll up into one verdict, ship or hold, posted as a required check on the pull request, with the evidence link attached. The machine brings the proof; a person makes the call.
“Software now ships with agents in the loop, writing tests, running them, fixing what breaks. A green checkmark was built for a world where a person read every line; it was never built to survive an agent in that loop. Kane CLI carries a requirement all the way to a ship decision and shows its working, a record a teammate, an agent, and an auditor can all act on,” said Mudit Singh, Co-Founder and Head of Growth at TestMu AI.
.evidence is open. The pack is not locked inside a dashboard, it is plain YAML and Markdown, versioned, diffable in git, and readable by people, agents, and auditors. Teams can adopt it without adopting Kane CLI itself, and packs project to CI formats such as CTRF and JUnit. Think of it as the PDF of test evidence.
About TestMu AI
TestMu AI (formerly LambdaTest) is the world’s first Agentic AI-powered Quality Engineering platform, helping teams build, test, and release software with confidence in an AI-first era by combining autonomous testing capabilities with real-world validation. For more information, visit www.testmuai.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260723455596/en/
Permalink
https://www.aetoswire.com/en/news/2307202656446
Contacts
Media Contact
Nikhil Saxena
Corporate Communication Manager
TestMu AI
nikhils@testmuai.com
+91 9870981968
U.S. Federal Court Permanently Bans 19 Online Sellers of Fake Urolithin A Supplements and Awards $5.3 Million in Damages to Timeline
LAUSANNE, Switzerland - Thursday, 23. July 2026 AETOSWire
Default judgment follows Timeline’s independent laboratory testing showing products sold under 19 online brands contained no detectable Urolithin A, or far less than advertised
(BUSINESS WIRE) -- Timeline (Amazentis SA), the Swiss life-sciences company that pioneered the postbiotic ingredient Urolithin A and its branded form Mitopure®, together with its U.S. subsidiary Timeline Longevity, Inc., announced today that the U.S. District Court for the District of Massachusetts has granted the companies’ motion for default judgments and permanent injunctions against 19 online sellers found to have marketed and sold nutritional supplements falsely advertised as containing Urolithin A.
The order, entered July 15, 2026 by Judge Myong J. Joun in Amazentis SA et al. v. The Partnerships and Unincorporated Associations Identified on Schedule “A”, Case No. 1:25-cv-12913-MJJ (District of Massachusetts), permanently enjoins 19 defaulting defendants from further manufacturing, marketing, distributing, or selling Urolithin A products (see full list in Notes to Editors below).
Timeline and Timeline Longevity, Inc. filed suit in October 2025, alleging that 30 defendants, operating through a network of online storefronts and private drop-ship stores, sold products marketed as containing Urolithin A that either contained no detectable Urolithin A whatsoever or contained Urolithin A at levels materially below the amount represented on the product label. In certain instances, defendants also used Timeline’s Mitopure® trademark without authorization to promote these falsely labeled products.
Independent laboratory testing commissioned by Timeline confirmed that products sold under these brands, many purchased by consumers seeking clinically validated cellular health benefits, contained no detectable Urolithin A or only a fraction of what was advertised. Additional evidence further demonstrated that defendants made a range of additional false and misleading claims, including that their products were made in the USA, were third-party tested and certified, and were vegan. Timeline also showed that many defendants provided false address information on product packaging and listings; and that they included undisclosed filler ingredients in their mislabeled Urolithin A products. Timeline previously entered stipulated judgments with those defendants that did appear in the case.
For the remaining 19 defendants that failed to appear or otherwise respond to the complaint, the Court entered default judgment in Timeline’s favor.
“We are very pleased with the Court's order that protects consumers and innovators like Timeline from bad actors who sell fraudulent products and misappropriate intellectual property," said Chris Rinsch, PhD, Co-Founder and President of Timeline. "Timeline has invested over 18 years and more than $50 million USD building the clinical evidence for our proprietary Mitopure® Urolithin A. Timeline will continue to vigilantly protect the integrity of the market. We will not hesitate to pursue available legal remedies against those who put consumers at risk and exploit our intellectual property without authorization."
The permanent injunction bars the 19 defendants and those acting in concert with them from continuing to import, market, advertise, distribute, offer for sale, or sell any product represented as containing Urolithin A. In addition, the Court has ordered the 19 defendants to pay damages to Timeline ranging from $500 to more than $2.7 million per defendant, reflecting the scope of each defendant's sale of fraudulent products. For a number of the defendants, the Court tripled the award as “enhanced damages.” The total damages awarded to Timeline on account of the 19 defendants’ sale of fraudulent products is more than $5.3 million.
This case is part of Timeline’s ongoing global enforcement program to protect consumers from counterfeit and mislabeled Urolithin A products, to safeguard the integrity of the Urolithin A market, and to defend the clinical research and intellectual property that form the foundation of that market and Timeline’s work.
Consumers seeking authentic, clinically validated Urolithin A can purchase Timeline’s products containing its proprietary Mitopure® Urolithin A by visiting www.timeline.com.
About Timeline
Timeline (parent company Amazentis) is a pioneering Swiss health science company committed to revolutionizing the longevity industry with its groundbreaking, clinically proven, proprietary ingredient Mitopure® Urolithin A. Offering a comprehensive approach to cellular health, Timeline incorporates the benefits of Mitopure inside its next-generation nutritional supplements and topical skin health products. Timeline seeks to push the boundaries of human healthspan, contributing to a future where everyone can live longer, healthier lives. The company is backed by over 18 years of research by distinguished scientists, multiple clinical studies, and over 100 global patents. Nestlé Health Science and L’Oréal are investors in the company.
About Timeline Longevity, Inc.
Timeline Longevity, Inc. is the U.S. subsidiary of Amazentis SA and markets Mitopure®-based nutrition products directly to consumers across the United States.
Notes to Editors
Full list of the 19 defaulting, permanently enjoined defendants in Amazentis SA et al. v. The Partnerships and Unincorporated Associations Identified on Schedule “A”, Case No. 1:25-cv-12913-MJJ:
Kroppssund
Saglikli
Pepeior
Sveikata
Gesundgeist
Vivacityx
Boa Saude
Sundhedsliv
Vivesano
Marafiki
EMAW
DUCRKACS
Glyxcodian
VNNIQ
Hipamus
RGD
Vivalifer
Fitura
CystoRebalance
View source version on businesswire.com: https://www.businesswire.com/news/home/20260722951066/en/
Permalink
https://www.aetoswire.com/en/news/2307202656449
Contacts
press@timeline.com
Thursday, July 23, 2026
Vultr and AMD Support the University of Cambridge's TESSERA AI Project to Accelerate Global Environmental Monitoring
CAMBRIDGE, England -
Cambridge University's Energy & Environment Group Deploys Planetary-Scale Foundation Model on Vultr Cloud GPU Infrastructure Powered by AMD Instinct™ MI325X GPUs
(BUSINESS WIRE)--Vultr, the world’s largest privately-held cloud infrastructure company, and AMD, a leader in high-performance and AI computing, have announced their support for the University of Cambridge's Energy & Environment Group in developing TESSERA, a groundbreaking AI foundation model designed to monitor environmental change internationally at unprecedented scale.
Vultr is providing the computational infrastructure, based on AMD Instinct MI325X accelerators, necessary to generate global embeddings covering Earth's land surface from 2017 to 2025, enabling applications in agriculture, biodiversity conservation, and renewable energy infrastructure monitoring. The collaboration represents a significant advancement in applying artificial intelligence to planetary conservation challenges.
TESSERA processes data from European Space Agency Sentinel satellites to create detailed embeddings - compressed AI representations - of every 10-meter square of Earth's surface. TESSERA represents the most accurate pixelwise foundation model ever created from Sentinel satellite data, and leads the field in results and reproducibility. These embeddings enable researchers, governments, and organizations worldwide to track environmental changes, from crop health monitoring to deforestation detection, at a scale and accuracy previously unattainable.
"This collaboration positions Vultr at the intersection of cutting-edge AI infrastructure and planetary conservation," said Kevin Cochrane, Chief Marketing Officer at Vultr. "By providing the computational resources required for TESSERA and embracing open source technology, Vultr is enabling research that has immediate real-world impact, from helping smallholder farmers optimize crop yields to tracking biodiversity loss in critical ecosystems."
Stephanie Dismore, Senior Vice President, EMEA at AMD added, “TESSERA shows what becomes possible when world-class research teams can scale AI with the right compute and an open software foundation. By running on Vultr cloud infrastructure powered by AMD Instinct™ MI325X GPUs and the AMD ROCm™ open software stack, University of Cambridge researchers can efficiently process petabytes of satellite data and generate planetary-scale embeddings that help turn environmental observation into actionable insight.”
The project will leverage Vultr's AMD-powered infrastructure, including 4x8 MI325X GPU configurations, to process and host the embeddings. This infrastructure will support both the intensive training requirements and long-term storage needs of the global dataset.
Professor Anil Madhavapeddy, Professor of Planetary Computing at Cambridge's Department of Computer Science & Technology and Co-Director of the Cambridge Centre for Earth Observation, emphasized the project's commitment to open access: "Our goal is to democratize access to planetary-scale environmental monitoring. By making TESSERA's embeddings freely available under a CC-BY license and publishing the complete training pipeline, we're ensuring that any researcher, government, or organization worldwide can deploy this technology for their specific conservation needs."
The Energy & Environment Group will release not only the embeddings but also a fully reproducible pipeline for training the model from scratch on Vultr infrastructure, enabling deployment and fine-tuning for region-specific applications.
The project's computational requirements include both GPU resources for model training and CPU capacity for processing raw satellite observations.
Three Key Application Verticals
The collaboration will develop case studies across three primary verticals:
Agriculture & Farming Optimization: Enabling precision agriculture through crop health monitoring, yield prediction, and risk management at 10-meter resolution, with particular focus on supporting smallholder farmers in developing regions.
Biodiversity Monitoring & Conservation: Tracking habitat changes, species distribution, and ecosystem health across diverse environments, from tropical forests to UK hedgerow networks critical for species like hedgehogs.
Renewable Energy Infrastructure: Detecting and mapping solar installations, wind farms, and other renewable energy infrastructure to support energy transition planning and policy development.
"This partnership exemplifies how cloud infrastructure can accelerate scientific research with genuine planetary impact," concluded Professor Madhavapeddy. "We're enabling a new paradigm for open, accessible environmental monitoring that can inform policy decisions and conservation actions in the UK and worldwide."
The collaboration began in November 2025, with the first global embeddings now available for public access since early 2026.
About Vultr
Vultr is on a mission to make high-performance cloud infrastructure easy to use, affordable, and locally accessible for enterprises and AI innovators around the world. Vultr is trusted by hundreds of thousands of active customers across 185 countries for its flexible, scalable, global Cloud Compute, Cloud GPU, Bare Metal, and Cloud Storage solutions. Founded by David Aninowsky and self-funded for over a decade, Vultr has grown to become the world’s largest privately-held cloud infrastructure company.
Learn more at: www.vultr.com.
About AMD
AMD (NASDAQ: AMD) drives innovation in high-performance and AI computing to solve the world’s most important challenges. Today, AMD technology powers billions of experiences across cloud and AI infrastructure, embedded systems, AI PCs and gaming. With a broad portfolio of AI-optimized CPUs, GPUs, networking and software, AMD delivers full-stack AI solutions that provide the performance and scalability needed for a new era of intelligent computing. Learn more at www.amd.com.
About the University of Cambridge Energy & Environment Group
The Energy & Environment Group at Cambridge's Department of Computer Science & Technology applies computational approaches to planetary challenges including climate change, biodiversity conservation, and sustainable resource management. The group bridges academic research and real-world impact through partnerships with organizations including UNEP-WCMC, IUCN, and the Cambridge Conservation Initiative.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260722682828/en/
Permalink
https://aetoswire.com/en/news/54574238
Contacts
mediarelations@vultr.com
New Visa Data Reveals How the FIFA World Cup 2026™ Created Pop-Up Economies Across Canada, Mexico and the United States
New Visa data reveals the FIFA World Cup 26™ drove a nearly 20% surge in cross-border transactions across host cities in Canada, Mexico and the United States.
(BUSINESS WIRE)--After the final whistle blew on the FIFA World Cup 2026™, millions of fans returned home with unforgettable memories and a trail of economic activity that stretched across countries. Every tap to pay left a lasting impact, as spending throughout the tournament delivered a meaningful boost to merchants and local economies across host cities in Canada, Mexico and the United States.
According to new data from Visa, the tournament drove significant growth in cross-border spending, international travel, and digital commerce across host cities. The findings show how a major global event creates “pop-up economies,” defined by Visa as temporary, highly concentrated periods of commercial activity that emerge around major cultural, entertainment and sporting events.
The data reveals that fans traveled from around the world to follow their teams, generating a surge in Visa cardholder spending across restaurants, transportation, entertainment, retail, lodging, and other sectors. From iconic host cities to emerging fan destinations, the tournament created a broad and lasting economic impact that extended well beyond stadium walls.
A Tournament of Pop-Up Economies
Visa data illustrates the scale, reach and pace of economic activity generated throughout the tournament[1]:
Cross-border Visa transactions in FIFA World Cup 2026™ host cities increased nearly 20% year-over-year during the tournament period.
Fans from Colombia, Puerto Rico, the United Kingdom, Argentina, and Brazil generated the highest levels of cross-border spend across host cities.
Santa Clara/San Jose, Boston, and Miami recorded the largest increases in in-person spending from international and domestic cardholders.
Consumers spent most heavily on transportation and entertainment, underscoring the broad economic benefit generated by tournament tourism.
Tap to pay transactions rose nearly 12%, reflecting fans’ preference for fast, secure and seamless payment experiences while traveling.
Ecuador v Curaçao and Colombia v Ghana, both in Kansas City, and Croatia v Ghana in Philadelphia were examples of matches that generated the highest year-over-year uplift creating significant spending spikes before, during and after kickoff.
“This was one of the most impactful FIFA World Cup™ tournaments we’ve seen to date both on and off the pitch,” said Frank Cooper III, Chief Marketing Officer of Visa. “FIFA World Cup 2026™ demonstrated how global events can create far-reaching economic value for businesses, cities and communities. For a few precious days, entire cities came alive with new visitors, new spending and new opportunities for local businesses. Through Visa’s network, we could watch those economies emerge, move from city to city and connect millions of fans with the merchants and communities hosting the world’s biggest sporting event.”
Pop-Up Economies Reached Far Beyond the Stadium
While matches took place inside stadiums, the economic impact spread throughout local communities. Restaurants, bars, retail districts, hotels, transit systems and entertainment venues all experienced increased levels of activity as fans gathered for matches and explored host cities. Several cities achieved standout performance in specific categories[1]:
Boston led growth in year-over-year dining transactions as fans celebrated their nations in local bars and restaurants.
Guadalajara recorded the highest transportation spending growth as fans from around the world traveled to the stadium.
Atlanta saw strong entertainment activity tied to fan celebrations and cultural events, while New York City experienced a surge in retail spending.
These trends demonstrate how a pop-up economy distributes opportunity across an entire host market. The benefits reach businesses directly tied to the tournament and merchants serving everyday visitor needs, from neighborhood restaurants and independent retailers to hotels, transit providers and global brands.
The Tournament Moments That Moved Markets
Some of the tournament’s most memorable moments didn’t just capture attention. They sparked waves of economic activity around the world. Norway’s surprise run to the quarterfinals generated significant increases in consumer spending and transaction activity both in the country and around the world as fans rallied behind the country. In Norway, Visa transaction volumes nearly doubled during matches. Across Norway’s tournament run, increased transaction activity was recorded across a broader set of countries with each successive match, with spending eventually rising in more than 60 countries worldwide when Norway played, demonstrating how a pop-up economy can be fueled by fan passion and engagement.[2]
Moments like this show how fan attention can translate into immediate shifts in economic activity. A major matchup, an unexpected result or a deep tournament run can quickly change travel patterns, increase demand and activate a new pop-up economy in the next destination.
From tourism and local business growth to digital payment adoption, the tournament demonstrated how shared moments of passion can drive commerce at an unprecedented scale. As fans return home, Visa’s data illustrates a lasting legacy, capturing the FIFA World Cup 2026™ as more than a single global event. It was a series of interconnected pop-up economies, each created by the movement, passion and spending of fans. Together, they generated economic opportunity across host communities and demonstrated the role seamless digital payments play in helping businesses serve global demand at speed and scale.
About Visa
Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.
[1] Source: Visa cardholder transactions over VisaNet. This data includes all Visa card-present volume in the U.S. and Canada as well as Visa card-present cross-border volume in Mexico compared against the same period in 2025. Date range for U.S. and Canada is between 6/11-7/19 while date range for Mexico is from 6/11-7/5.
[2] The analysis in the report was based on aggregated domestic spending data on the number of transactions at entertainment providers, retail goods merchants, specialty food and grocers, quick-service restaurants, full-service restaurants, bars and cafes. The lift is calculated by taking the volume of Visa transactions that occurred during a 12-hour period before and after a match started and comparing it against a comparable typical day of the week and time of day for each country included in the analysis in late May and early June before the FIFA World Cup™ started.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260722891514/en/
Permalink
https://aetoswire.com/en/news/2207202656431
Contacts
Comms Contact
Conor Febos
press@visa.com
Moniepoint Publishes Inaugural Impact Report, Revealing How First-Time Access to Credit Is Transforming African Businesses
The Company disbursed more than $700 million in credit to MSMEs in 2025
(BUSINESS WIRE)--Moniepoint Inc. ("Moniepoint" or the "Company"), Africa's all-in-one financial ecosystem platform for individuals, businesses, and their customers, today publishes its inaugural Impact Report titled "Creating Financial Happiness".
The report captures Moniepoint’s evolution from a financial infrastructure provider into a comprehensive financial ecosystem, now serving over 20 million businesses and individuals, processing over $250 billion in transaction value annually. It also highlights the impact of expanded access to credit, banking, and business management tools for MSMEs in Nigeria, which face a funding gap of approximately $32.2 billion.
At the heart of the report is access to credit. In 2025, Moniepoint disbursed more than $700 million in loans to MSMEs. For three out of four borrowers, a Moniepoint loan was the first formal business credit their enterprise had ever accessed. Meanwhile, businesses that received Moniepoint credit recorded a 36% increase in average transaction value - reinforcing the case for a more data-driven approach to lending.
Moniepoint also increased lending to women-owned businesses by more than 300% in 2025, with women accounting for 36% of its loan portfolio - well above the industry benchmark of 15-25%. For 62% of surveyed women entrepreneurs, a Moniepoint loan was the first formal business financing they had ever received.
“Our inaugural Impact Report highlights the significant impact of modern fintech infrastructure in expanding financial access across Africa for individuals, businesses, and their customers. For so many of the entrepreneurs we lent to last year, ours was the first formal loan their business had ever received - a reminder of how much untapped potential exists across the continent, unlocked when access to credit is no longer a barrier,” said Tosin Eniolorunda, Co-Founder and Group CEO of Moniepoint Inc.
“Our goal now is the same as what we set out to achieve ten years ago: to build the infrastructure required to promote financial inclusion for everyone. We remain steadfast in our promise to deliver this, one transaction at a time.”
Beyond its commercial operations, the report highlights Moniepoint’s broader contribution to economic and social development through investments in talent, education, entrepreneurship, and community development. Guided by the UN Sustainable Development Goals, Moniepoint has expanded employment pathways through initiatives such as its Women in Tech and DreamDevs engineering programmes, while supporting STEM education, financial literacy, women entrepreneurs, and underserved children, collectively reaching tens of thousands of Beneficiaries.
Named one of TIME’s 100 Most Influential Companies in 2025, and consistently recognised by the Financial Times among Africa’s Fastest-Growing Companies, Moniepoint has grown into a global company employing more than 3,300 people across 10 countries.
For more insights, visit impact.moniepoint.com
For more information, please visit https://moniepoint.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20260722012679/en/
Permalink
https://aetoswire.com/en/news/2307202656435
Contacts
Edidiong Uwemakpan
press@moniepoint.com
Subscribe to:
Posts (Atom)