Visa reported a rise in quarterly profit on Tuesday , as the world's largest payment processor benefited from a pickup in travel with economies reopening worldwide and more people shopping online.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.
Net income rose to US$3.58 billion, or US$1.65 per Class A share, for the fourth quarter ended Sept. 30, from US$2.14 billion, or 97 cents per Class A share, a year earlier.Source: Reuters
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