Visa's fiscal third-quarter profits rise 9% as payments become increasingly digital

Category: Finance

Visa Inc. reported a 9% increase in fiscal third-quarter profits, earning $4.87 billion as consumers shift from cash to credit and debit cards. The company processed $3.325 trillion in transactions, with growth driven by Europe and Latin America, while U.S. payments grew by 5.1%. Despite the overall trend towards digital payments, growth in credit and debit card volumes has slowed slightly.

Keywords: Visa, payment processing, digital payments

Source: AP News

Update At: 7/24/2024

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