Visa Sees ‘Beginning of the End’ of Pandemic Spending Woes
- U.S. debit-card volumes soar after stimulus payments
- Visa CEO says ‘recovery is well underway’ around the world
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The third round of stimulus checks has been a boon for Visa Inc.
The network saw volume on its U.S. debit cards climb 31% to $806 billion as consumers shopped online and the U.S. government began sending direct payments to millions of Americans during the first three months of the year. Visa’s stock climbed in late trading.