Visa (V) says May U.S. payments volume on a year-over-year basis was up 5%
Visa (NYSE:) disclosed:
On May 30, 2023, Visa announced volume and transaction data for April and from May 1-28 (“May”) 2023. As previously disclosed, in March 2022, we suspended our operations in Russia and therefore Russia-related volume and transaction data are not included in our results from April 2022 through May 2023.
May U.S. payments volume on a year-over-year basis was up 5%. Credit grew 5% and Debit grew 6%. May card not present volume on a year-over-year basis was up 7%, card not present volume excluding travel was up 7% and card present volume was up 3%.
May payments volume year-over-year growth for key international markets was relatively consistent with April 2023 year-over-year growth.
May cross-border volume excluding intra-Europe transactions was 151% of 2019, with card not present volume excluding travel at 175% of 2019. Total card present and card not present travel cross-border volume excluding intra-Europe transactions was 139% of 2019. May travel cross-border volume into and from our Asia Pacific region and into the U.S. continued to improve relative to 2019 levels.
May global processed transactions grew 9% year-over-year.
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