Visa third-quarter profit jumps 33%

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July 23 (Reuters) – Visa Inc reported a 33% rise in quarterly profit on Tuesday, as a robust economy encouraged customers to spend more and boosted fees for the world’s largest payment processor.

Net income rose to $3.10 billion, or $1.37 per Class A share, in the quarter ended June 30 from $2.33 billion, or $1 per Class A share, a year earlier. (bit.ly/32LPG4m)

Net revenue rose 11.5% to $5.84 billion. (Reporting by C Nivedita in Bengaluru; Editing by Bernard Orr)

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