Visa Q1 profits rise 6%

By Associated Press

Jan 28, 2023 12:08 am

NEW YORK CITY: Payment processing giant Visa Inc. said Thursday that its profits rose 6 percent in its latest quarter from a year earlier, helped by the continued rise of digital payments across the globe.

The company also said its current chief executive officer (CEO), Al Kelly, will step down on Wednesday. He will be replaced by his second-in-command, Ryan McInerney.

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