Visa Net income in the fiscal first quarter ended in December, grew 26% from a year earlier to U.S. $ 1.29 billion. "This is the result of our continued investment in the core business, rapid international expansion and deployment of payment solutions," said President Director (CEO) Visa Charlie Scharf.
Visa Operating income rose 12% to U.S. $ 2.85 billion. While shopping transactions using Visa cards worldwide increased 8.7% to U.S. $ 1.08 trillion. It is the fastest growing Visa for nine months.
Purchases using debit cards rose 3.6% in the three months before the end of 2012. The growth of credit cards reached 12%. This transaction is also supported by the increase 4% to 14.2 billion.
Foster City-based company, California is targeting half the revenue Visa from outside the United States (U.S.) in 2015.
Shopping friction with Visa in Asia Pacific region other than the U.S. rose 13% during this period. While Europe and the Middle East and Africa rose 37%.
According to Scharf, China is an exciting opportunity for Visa. This region is dominated by the output card bank associations of China, UnionPay. For your information, this China-made plastic cards could overtake MasterCard last year as the world's second largest card networks, in terms of consumer spending.
While MasterCard last week closed the yearbook 2012 with profits rising 15% to U.S. $ 2.8 billion. The company doubled the dividend to U.S. $ 60 cents per share.
"Strong financial performance allows increasing returns to shareholders," said MasterCard CEO, Ajay Banga. He said he would focus on strategies that aim to support the growth of emerging markets.
The company also plans to buy back shares of U.S. $ 2 billion. While Visa will buy back up to U.S. $ 2.9 billion.
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