The Fifa World Cup, held from June 11 to July 19, also helped boost activity across Visa’s network as it drew visitors to the US. (EPA Images pic)NEW YORK: Visa reported a surge in fourth-quarter profit on Tuesday as customers swiped their cards to pay for travel, shopping and dining out, signalling resilient US consumer spending underpinned by a strong labour market and wage growth.
The Fifa World Cup, which ran from June 11 to July 19, also helped boost activity across Visa's network as it brought many visitors to the United States.
Payments volume, a gauge of consumer and business spending on Visa's network, jumped 9% in the quarter. Cross-border volume excluding intra-Europe, a measure of international travel demand, jumped 14%.
