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Visa's profit, revenue tops estimates on payment volume growth Feb 2, 2017
 

View shows Visa credit cards(Reuters) - Visa Inc , the world's largest payments network operator, reported better-than-expected quarterly profit and revenue as more people made payments using its network. The company, whose shares were up 3.4 percent in extended trading on Thursday, also affirmed its full-year profit and revenue forecasts. Visa, like MasterCard Inc and its other peers, has been trying to capture the Chinese market, which is dominated by state-run China UnionPay Co Ltd. Visa remains committed to China in the long-term and plans to formally submit a license application in the country, Alfred Kelly said in his first earnings call since taking over as chief executive from Charles Scharf on Dec. 1.


 
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