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Visa profit rises on increased travel, online spending

Visa Inc reported a rise in quarterly profit on Tuesday that beat Wall Street estimates, as the world's largest payment processor benefited from a pickup in travel with economies reopening worldwide and more people shopping online. Payment companies are seeing volumes rebound from the coronavirus-induced slump as massive government stimulus and speedy vaccine rollouts fuel an

Visa beats estimates as reopening of economies, vaccinations boost spending | Money

Wednesday, 28 Jul 2021 07:27 AM MYT Visa reported a 34 per cent jump in third-quarter payment volumes on a constant dollar basis, while the number of transactions processed surged 39 per cent. Reuters pic Follow us on Instagram and subscribe to our Telegram channel for the latest updates. NEW YORK, July 28 ― Visa Inc beat estimates for quarterly profit yesterday as vaccinations and reopening of economies spurred people to spend more on travel and entertainment, boosting volumes for the world s largest payment processor. Payment companies are seeing an uptick in volumes from the coronavirus-induced slump as economic stimulus and rising vaccinations take effect, with the rise of e-commerce during lockdowns also driving up transactions.

More than 100 business leaders urge lawmakers to pass infrastructure bill

More than 100 business leaders urge lawmakers to pass infrastructure bill
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