5 Safe Stocks To Invest in For Long Term

3. Visa Inc. (NYSE: V)

Visa Inc. (NYSE: V) is a Francisco-based financial services company that makes it easier to transfer money electronically, mostly through Visa credit cards, debit cards and prepaid cards. The scale of Visa’s operations can be judged by a 2015 report that found that the firm had facilitated more than 100 billion transactions worth more than $6.5 trillion around the world in 2014. Since then, the company has grown and expanded into other sectors, including digital currencies. Visa is third on the list of 10 safe stocks to invest in for the long term. 

It has a market cap of over $470 billion and posted an annual revenue of more than $21 billion in September 2020, down from nearly $23 billion in the previous year. Last month, the firm announced that it was expanding the Visa Direct Payouts service which allows customers to use a single point of connection to push payments in order to make them easier. Bill Sheley, a senior executive at the firm, said that the new payment system would facilitate digital transactions and underlined the innovative approach of Visa to changing consumer behavior.