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Visa Profit Jumps on Consumer Spending

Visa reported a surge in fourth-quarter profit as resilient consumer spending drove a 13 percent increase in net revenue. Payments volume jumped across its global network, supported by steady international travel and a strong labor market.

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FILE PHOTO: Credit card is seen in front of displayed Visa logo in this illustration. REUTERS/Dado Ruvic/Illustration/

VISA INC-CLASS A SHARES posted a fourth-quarter net income of $6B on Tuesday, driven by resilient consumer spending and travel demand in the United States.