Visa Inc. (NYSE:V) will seek M&A. Vasant Prabhu Chief Financial Officer said during the Bernstein’s 37th Annual Strategic Decisions Conference, "M&A for us is an enabler. There's enormous organic growth in this business. We don't need M&A just to grow our business. In fact, you wouldn't want us to do M&A just to grow revenues because there's just extraordinary growth in the core business. Having said that, M&A will be an important part of our growth, mostly in terms of adding capabilities. Acquisitions like Earthport added extraordinary capability and allowed us to launch our Visa payout service, which we are very excited about. Acquisitions like Verifi allowed us to substantially expand our dispute resolution capabilities. Acquisitions like Cardinal allowed us to substantially expand our authentication capabilities. Acquisitions like Bell ID expanded our tokenization capabilities and so on. So we will continue to do acquisitions which can expand our capabilities. We believe we will be able to do them. We will do them. But the only context of is it better to build or to buy? Is it faster and cheaper to buy rather than build? And where it makes sense to buy, we will buy. It's -- the organic growth of the business is still extraordinary. M&A will hopefully be an enabler and an accelerator. We don't need M&A just to drive the revenue growth of the business, as you will".