Visa quarterly profit rises 11%

[BENGALURU] Visa, the world's largest payments network operator, reported an 11 per cent increase in fourth-quarter profit on Wednesday, driven higher by its purchase of Visa Europe, and as more people made payments using its network.

Net income rose to US$2.14 billion in the fourth quarter ended Sept 30, from US$1.93 billion a year ago.

Earnings per Class A share rose to 90 US cents from 79 US cents a year earlier.

REUTERS