Visa says U.S. payments volume climbed 11% Y/Y in August

Aug. 30, 2022 4:39 PM ETVisa Inc. (V)By: Liz Kiesche, SA News Editor14 Comments

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  • Visa (NYSE:V) said its U.S. payments volume in August increased 11% from a year ago, even after the company suspended its operations in Russia in March 2022, and was flat with July 2022.
  • Credit payments volume increased 17% and debit volume rose 7% Y/Y, both up one point from July.
  • August international market payments volume was generally consistent with July levels on a Y/Y basis, as well as versus the same period in 2019, Visa (V) said.
  • August cross-border volume, excluding intra-Europe transactions, increased one point from July at 129% of 2019, with card not present volume, excluding travel, down 1 point from July to 156% of 2019.
  • Global processed transactions increased 12% Y/Y and were 140% of 2019 level in August, both generally consistent with July.
  • Previously (July 26), Visa (V) fiscal Q3 earnings top consensus as cardholders hit the road and spend

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