Visa Inc. saw spending growth rise 10.5 percent to $2.93 trillion in the fiscal fourth quarter, the slowest since the depths of the pandemic Visa posted less than 5 percent for the first fiscal quarter of 2021.
Shares gained as profit exceeded analysts’ expectations.
The volume was shy of the 11 percent increase Bloomberg analysts were expecting and a decrease from the 12 percent growth the firm reported for the previous three months
According to Visa CEO Al Kelly, while some short-term uncertainty exists, they remain confident in Visa’s long-term growth trajectory across consumer payments, new flows, and value-added services,”
Visa and its rivals are facing tough comparisons with a year earlier when spending jumped as economies opened back up as the pandemic began to recede.
When planning for 2023, Visa “did not factor in a steep economic downturn or recession,” Kelly said on a conference call with analysts. If such a decline occurs, “it will have some impact.”


OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities
Debate over H-1B visas shines spotlight on US tech worker shortages
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets
Hikvision Challenges FCC Rule Tightening Restrictions on Chinese Telecom Equipment
U.S. Stocks Slip as Investors Await Fed Rate Decision and Monitor Market Shifts
Why financial hardship is more likely if you’re disabled or sick
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease
South Korea Inflation Edges Up in November as Food and Service Costs Climb
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens
IMF Deputy Dan Katz Visits China as Key Economic Review Nears
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut
Rio Tinto Raises 2025 Copper Output Outlook as Oyu Tolgoi Expansion Accelerates
Stuck in a creativity slump at work? Here are some surprising ways to get your spark back
U.S. Soybean Shipments to China Gain Momentum as Trade Tensions Ease 



