Visa's profit beats estimates driven by strong travel demand

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Visa's profit beats estimates driven by strong travel demand
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Visa's (V.N) fourth-quarter profit beat estimates on Tuesday as consumers undeterred by inflation and a cost-of-living crisis continued to swipe cards to travel and dine out, sending shares nearly 3% higher in extended trading.

fourth-quarter profit beat estimates on Tuesday as consumers undeterred by inflation and a cost-of-living crisis continued to swipe cards to travel and dine out, sending shares nearly 3% higher in extended trading.

Visa said payment volumes rose 9% in the quarter, while cross-border volumes excluding transactions within Europe, which drives revenue from international transactions, increased 18%.

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