Visa emerging from pandemic ‘storm’ as spending volumes recover

Visa emerging from pandemic ‘storm’ as spending volumes recover

The Edge Markets - World·2021-04-29 05:01

(April 28): Visa Inc is emerging from the COVID-19 pandemic, its top boss said on Tuesday, as a surge in online shopping helped the world’s biggest payment processor beat Wall Street estimates for quarterly profit and counter sluggish travel spending.

Payment companies are seeing an uptick in volumes from the coronavirus-induced slump as massive government stimulus and speedy vaccine rollouts fuel an economic recovery, unleashing pent-up demand for both goods and services.

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