STAR BUSINESS DESK

Visa Inc, the American multinational payment card services corporation, reported a robust 9 percent increase in revenue for the quarter ending March 2025, reaching $9.6 billion—up from the same period a year earlier.

On a constant-currency basis, revenue rose by 11 per cent, reflecting strong operational performance after adjusting for exchange rate fluctuations.

According to a company press release, this growth was primarily fuelled by increased payment volumes, a surge in cross-border transactions, and the sustained global transition towards digital payments.

Resilient consumer spending enabled Visa to achieve a GAAP net income of $4.6 billion, or $2.32 per share, for the quarter. Excluding specific items, the non-GAAP net income stood at $5.4 billion, equating to $2.76 per share.

Total payments volume rose 8 per cent year-on-year, while cross-border volume (excluding intra-Europe transactions) grew by 13 per cent. The number of processed transactions increased by 9 per cent.

In Bangladesh, Visa aims to transform the digital payment landscape to expedite economic growth and financial inclusion.

Ryan McInerney, chief executive officer of Visa, underscored the strength of consumer demand and attributed the company’s sustained growth to its diversified business model.

“Visa’s strong 9 per cent fiscal second-quarter net revenue growth was driven by healthy trends in payments volume, cross-border volume, and processed transactions. Consumer spending remained resilient, even amid macroeconomic uncertainty,” he stated.