Visa, Infineon Lead Fresh Wave of 2026 Deals

Visa and UnionPay International have agreed to connect Visa Direct’s global money‑movement network with UnionPay’s MoneyExpress platform, enabling cross‑border payments into mainland China. Once rolled out, the connection will allow clients to send remittances and business‑to‑consumer payouts to more than 95% of UnionPay International debit cardholders in China.

The new link is designed to support multiple flows including family remittances, creator and freelancer payouts, contractor payments and reimbursements. Visa said the expansion aims to match “internet speed” in global business payments by building “real, critical infrastructure operating at massive scale, speed and reliability.”

UnionPay International described the partnership as an alignment of the two networks’ strengths and a response to the digitisation of global remittances. It expects users to gain access to low‑cost, efficient services, while partners benefit from higher transaction volumes. The enhanced Visa Direct connection is expected to be available in the first half of 2026.

Visa, which operates in more than 200 countries and territories, recently reported net income of $10.9bn for its fiscal first quarter of 2026, up from $9.5bn a year earlier, providing a financial backdrop for the company’s investment in cross‑border payment infrastructure.

Germany’s Infineon plans to increase revenue from chips used in AI data centres to €2.5bn in its 2027 fiscal year, up nearly two‑thirds from a targeted €1.5bn in the current 2026 fiscal year that began on 1 October. To meet expected demand, the company has raised its 2026 investment budget by about €500m to €2.7bn, focusing on expanding manufacturing capacity for data‑centre power supplies.

Chief executive Jochen Hanebeck said Infineon is aligning its manufacturing capacity with “further rising demand” and bringing forward investments in this area. The company reported group first‑quarter revenue of €3.66bn, slightly ahead of a €3.62bn analyst consensus published by Vara Research in January.

Revenue in Infineon’s power and sensor systems segment fell 3% quarter on quarter to €1.17bn, but the company expects this unit to grow at a much faster rate than the group average over the year, driven by data‑centre demand. That outlook links the higher capital spending directly to anticipated structural growth in AI‑related infrastructure.

Midstream partnership MPLX used its fourth‑quarter 2025 earnings call to detail a 2026 capital plan of $2.4bn, with about 90% of growth capital directed to its natural gas and NGL services segment. Management framed the plan around expectations that U.S. natural‑gas demand will rise more than 15% through 2030, supported by LNG export capacity additions and higher power needs, including from data centres.

MPLX reported 2025 adjusted EBITDA of just over $7bn, its fourth consecutive year of mid‑single‑digit three‑year EBITDA growth, and raised its distribution by 12.5%. The partnership returned $4.4bn to unitholders in 2025 and said it expects to grow distributions at the same rate for two more years, while targeting mid‑single‑digit EBITDA growth in 2027 as new projects ramp.

In transport and logistics, Denmark’s DSV reported that EBIT before special items in the fourth quarter of 2025 rose 48.5% year on year in constant currencies to DKK 5,592m, driven largely by the integration of Schenker. DSV expects to complete that integration by the end of 2026, two years earlier than previously planned, and is guiding 2026 EBIT before special items of DKK 23,000m–25,500m, including at least DKK 4,000m of incremental Schenker synergies.

Separately, Navios South American Logistics saw its USD 400m senior secured bond, within a USD 600m framework, begin trading on Euronext Oslo Børs under the ticker “NSAL” after the exchange approved its listing. The company operates port terminals, river barges and cabotage services serving petroleum, agricultural and mining customers in the Hidrovia region of South America.

Dutch location‑technology group TomTom forecast 2026 revenue between €495m and €555m, compared with €555m in 2025, saying the range reflects a temporary impact from the transition of some customers. Finance chief Taco Titulaer said TomTom expects a return to growth in 2027, citing a refreshed customer mix and a record automotive order backlog of €2.4bn at the end of 2025.

TomTom projected 2026 revenue in its core Location Technology business of €435m–€485m, versus €482m in 2025, and an operating margin above 3%, up from 0% in 2025. The company framed 2026 as a transition year before higher‑margin growth resumes.

In cash‑handling and security, Stockholm‑listed Loomis reported full‑year 2025 revenue of SEK 30,427m, broadly flat on 2024 but with 6% currency‑adjusted growth. Organic growth was 4% and acquisitions contributed 2%. The company achieved a record EBITA margin of 12.7%, up 0.7 percentage points year on year, with operating income (EBITA) of SEK 3,851m despite material currency headwinds.

Loomis generated operating cash flow of more than SEK 3.8bn in 2025, equivalent to 99% of EBITA, and said strategic acquisitions completed during the year supported its currency‑adjusted revenue growth.