Visa’s Transaction Volume Has Recovered Despite COVID-19

Visa (NYSE: V) is an iconic financial services brand, but the company wasn't spared when the COVID-19 pandemic sent the global economy spiraling. Visa makes money by charging fees to merchants when people spend money using its cards, and the company saw revenue decline sharply as people stopped spending money in March and April.

However, Visa's business is staging a strong comeback as spending has started to pick up and people use Visa cards to purchase things online.

Image Source: Getty Images.

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Source Fool.com