Visa’s Net Income Records 16% Increase in Q2 2013

Thu, July 25, 2013: Visa Inc has announced financial results for the company’s fiscal third quarter 2013 ended June 30, 2013 with its net income for the quarter was US$1.2 billion (RM3.84 billion), increased 16 per cent over the prior year adjusted results.

The CEO of Visa Inc, Charlie Scharf said they will remain to deliver solid financial performance by their commitment and focus in their long-term strategic goal of supporting our issuers, acquirers, merchants and government partners through flexibility and innovation in electronic payments, especially through mobile, eCommerce and data-driven solutions.

Other Visa’s fiscal third quarter 2013 financial highlights are:

• Payments volume growth, on a constant dollar basis, for the three months ended June 30, 2013, was 13 per cent over the prior year at US$1.1 trillion (RM3.52 trillion).
• Cross-border volume growth, on a constant dollar basis, was 11 per cent for the three months ended June 30, 2013.
• Total processed transactions, which represent transactions processed by VisaNet, for the three months ended June 30, 2013, were 15.0 billion, a 14 per cent increase over the prior year.