Visa

The company also anticipates the corona crisis to impact its business.

(Photo: AP)

San Francisco The credit card giant Visa has increased profits and revenues significantly in the most recent business quarter despite the Corona pandemic. The surplus increased four percent year-on-year to $ 3.1 billion in the three months to the end of March, according to the Mastercard rival on Thursday after the US market closed in San Francisco, California.

Revenue rose seven percent to $ 5.9 billion. However, Visa warned that the pandemic had already led to a significant drop in consumer spending and that the coming quarters could be difficult. The company is therefore withdrawing its annual outlook.

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