TECH08

Visa profit beats as payment volumes surge on travel demand

Oct 25 (Reuters) – Visa Inc (V.N) reported better-than-expected quarterly earnings on Friday as more Americans took advantage of a stronger dollar to fly to international destinations and splurge on shopping and entertainment. Upbeat earnings from Visa and rival American Express (AXP.N) further underscore the strength in U.S. consumer spending, which has largely managed to …

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Visa, Mastercard profits expected to jump as travel rebounds

Oct 20 (Reuters) – U.S. card companies are expected to benefit as pandemic-weary consumers continue to fuel demand for travel, one of the biggest contributors to revenue, despite rising inflation. With more companies resuming business travel and people planning vacations, Visa Inc (<V.N>), Mastercard (<MA.N>) and American Express (<AXP.N>) are likely to see a jump …

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