By the numbers: Visa’s payments volume grew 7% year over year (YoY) in its fiscal Q1 2023 (ended December 31, 2022), per its earnings release. Growth slowed from the post-lockdown 20% YoY increase the same period a year ago.
The firm’s cross-border volume jumped 22% YoY during the quarter, down from 40% the year before.
Digging deeper: CEO Al Kelly highlighted three areas that contributed to the firm’s performance during Visa’s earnings call.
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