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The growing profit is related to the after-pandemic rebound in the global travel industry.
As a result, Visa processed 24% more cross-border payments compared to the first quarter of previous year. Compared to the same period in 2022, the company completed 50.1 billion transactions overall, an increase of 12%.
At that, the number on a quarterly basis was lower by 4.5%. Visa’s quarterly revenue grew by 11% over the prior year to $8 billion.
source: bloomberg.com
As a result, Visa processed 24% more cross-border payments compared to the first quarter of previous year. Compared to the same period in 2022, the company completed 50.1 billion transactions overall, an increase of 12%.
At that, the number on a quarterly basis was lower by 4.5%. Visa’s quarterly revenue grew by 11% over the prior year to $8 billion.
source: bloomberg.com