Visa's (V) - Get Report  will shine a light on how the Visa Europe integration is going and whether the company's recent account wins will help boost earnings in 2017 and in the years to come.

Webush Securities analyst Moshe Katri noted that the company has a lot going for it as payments continue to transition towards digital and away from cash. 

"We point to a host of growth/scale catalysts, including the disintermediation of cash/checks by electronic payments, networks' increased dominance in the payments eco-system, incremental revenue opportunities from European regulations, incremental catalysts from hyper-growth mobile payments, ACH-based revenue growth opportunities, and positive contributions from the [Visa Europe] combination," Katri wrote in a January investor note.

Investors have taken to this trend of a "less cash" or cashless society in spades and Visa offers several attractive components to the trend.

Visa is helping usher in an era of mobile commerce, which is expected to reach more than $151 billion in the U.S. according to research firm eMarketer. As such, Visa may benefit due to card not present (CNP) transactions, which usually call for higher interchange fees, boosting earnings.

Investors will be looking to hear how the company's recent account wins, including Costco and USAA are going. 

Analysts surveyed by Yahoo! Finance expect the company to earn 79 cents a share on $4.31 billion in revenue for the period. 

Over the past 12 months, shares of Visa have gained nearly 9% excluding dividends, compared to the near 11% gain in the S&P 500.

Here are five ETFs that may benefit if investors like Visa's first-quarter results.

iShares U.S. Financial Services ETF

The $1.17 billion iShares U.S. Financial Services ETF (IYG) - Get Report  has Visa make up 5.99% of its portfolio, charging investors an expense ratio of 0.43%.

Webush Securities's Katri -- who has an outperform rating on shares -- thinks the Visa Europe integration could transition Visa Europe's model and help drive revenue higher.

"Provides incremental revenue opportunities in Western Europe, while transforming VE's card association model into a commercial model," Katri wrote to investors. "The region includes 38 countries with $3t card payment volumes, while there's also a significant opportunity in targeting nearly $3t in transactions paid for with cash."

PureFunds ISE Mobile Payments ETF

The $81.7 million PureFunds ISE Mobile Payments ETF (IPAY) - Get Report  has Visa make up 5.84% of its portfolio, charging investors an expense ratio of 0.75%.

In January, Oppenheimer analyst Glenn Greene noted he preferred Visa shares to MasterCard (MA) - Get Report because of its recent Costco and USAA wins, as well as the Visa Europe integration.

Davis Select Financial ETF

The $35 million Davis Select Financial ETF (DFNL) - Get Report  has Visa make up 5.15% of its portfolio, charging investors an expense ratio of 0.65%.

iShares U.S. Financials ETF

The $1.85 billion iShares U.S. Financials ETF (IYF) - Get Report  has Visa make up 3.42% of its portfolio, charging investors an expense ratio of 0.43%.

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PowerShares Dynamic Large Cap Growth Portfolio ETF

The $418.3 million PowerShares Dynamic Large Cap Growth Portfolio ETF (PWB) - Get Report  has Visa make up 3.36% of its portfolio, charging investors an expense ratio of 0.58%.