The Traderszone Network

Published in TZ Latest News 29 January, 2015 by The TZ Newswire Staff

Visa reports better-than-expected profit

Visa, which earns money from both the volume and value of transactions using its cards, said total volume increased to $1.90 trillion from $1.84 trillion. Visa lost its right to process domestic payments in Russia in the middle of last year when Moscow hit back after the imposition of Western sanctions over its role in Ukraine. Visa reaffirmed its revenue and margin forecasts for 2015 after taking into account an expected 2 percentage point negative impact from changes in foreign exchange rates. About 60 percent of Visa’s transaction volumes are outside the United States.