U.S. Spending Jumped 7% at Visa in August

U.S. payments volume at Visa (NYSE: V) jumped 7% year over year in August, according to a regulatory filing, as the company continues to see domestic spending rebound since the coronavirus pandemic struck in March.

The trend continues positive momentum for the company, which saw U.S. payments volume jump 8% in July year over year. The growth has been driven by debit card spending, which is up 26% and 24% year over year in July and August, respectively.

Source Fool.com