Visa announces volume and transaction data for July and to August 28

Visa announced volume and transaction data for July and from August 1-28. “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 August 2023. August U.S. payments volume on a year-over-year basis grew 7%. Credit grew 6% and Debit grew 7%. August card not present volume on a year-over-year basis was up 9%, card not present volume excluding travel was up 9% and card present volume was up 4%. August payments volume year-over-year growth for key international markets improved slightly relative to July 2023 year-over-year growth. August cross-border volume excluding intra-Europe transactions was 151% of 2019, with card not present volume excluding travel at 172% of 2019. Total card present and card not present travel cross-border volume excluding intra-Europe transactions was 141% of 2019. August travel cross-border volume into and from our Asia Pacific region and into the U.S. continued to improve relative to 2019 levels. August global processed transactions grew 10% year-over-year,” the company stated in a regulatory filing last night.