Visa tops profit estimates, raises full-year earnings forecast

The world’s largest payments network, like its smaller rival Mastercard Inc (MA.N), gets most of its revenue through transaction fees, which are earned every time a customer swipes their credit or debit card on the company’s network. Visa has seen card payments grow thanks to higher U.S. consumer spending and rising oil prices. Higher gas prices translate to a higher dollar volume in transaction fees for Visa. …read more

Source:: Yahoo Finance


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