Payment networks spotlight spending resilience with upbeat quarter - Reuters
Payment networks spotlight spending resilience with upbeat quarter Reuters
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Notable Quotes
"Today's actions are really the cherry on top of a solid week for investors. Earnings season continues to come out stronger than expected."
— Ryan Detrick , Executive
"It appears that the upward trend could very well continue in May."
— Ryan Detrick , Executive
"Consumer spending remained resilient, and our strategy and innovations fueled strong performance in consumer payments, commercial and money movement solutions and value-added services."
— Ryan McInerney , Executive
"We are watching the impacts from the conflict in the Middle East closely."
— Ryan McInerney , Executive
"The Olympics and FIFA (World Cup) are exciting opportunities this year, and we also see further expansion opportunities for sponsorship beyond sports."
— Chris Suh , Executive
"We currently have a $7 billion annual run rate of stablecoin settlement volume, and it’s growing fast, up more than 50% since last quarter."
— Ryan McInerney , Executive
"Consumer spending remains highly resilient, and our multiple strategic and innovation initiatives are driving strong performance in consumer payments, commerce and money."
— Ryan McInerney , Executive
Key People
American Express is a multinational financial services corporation known for its charge card, credit card, and traveler's cheque businesses.
Chief Financial Officer of Visa.
Mastercard is a leading global payment technology company.
Saudi Energy Minister who formalised the nuclear deal with the US.
Chief market strategist at Carson Group.
CEO of Visa.
Tom Hainlin is a national investment strategist with U.S. Bank Wealth Management, Minneapolis.
Visa is a prominent financial services corporation facilitating electronic payments.
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<a href="https://news.google.com/rss/articles/CBMinAFBVV95cUxQQzNNZEVmbXBiM3ZvWkRPLU5ZNFA3dU1nUEFmeTV3dzl5OW9zeHJWR0t2WWo4VDBRMGJ0cHdISVVjakRHTS1NTm43VGlLb0VLcndYOHVYbUgxblNrcXFnamo3RGR2OEh6UEZILXZidjZNa3d0RzFPWkZreENYNjFFNDQ2NkdKUXloTUNjSS1zeWp6N0NjUk9oOG5CMDQ?oc=5" target="_blank">Payment networks spotlight spending resilience with upbeat quarter</a> <font color="#6f6f6f">Reuters</font>
Visa's strong performance is attributed to resilient consumer spending and a significant increase in stablecoin settlement volume.
Mastercard, Visa, and American Express reported quarterly profits exceeding expectations, highlighting consumer spending resilience amid economic uncertainties.
Mastercard, Visa, and American Express reported higher-than-expected quarterly profits, underscoring consumer spending resilience despite economic pressures.
Mastercard, Visa, and American Express reported quarterly profits exceeding expectations, highlighting consumer spending resilience amid economic uncertainties.
Visa reported a quarterly profit exceeding estimates, driven by resilient consumer spending and a 9% increase in payment volumes.
Euronet reported a 40% increase in adjusted earnings per share for Q1 2026, driven by digital growth and strategic initiatives.
Mastercard's recent performance underscores consumer spending resilience despite global economic pressures.
Mastercard, Visa, and American Express reported quarterly profits exceeding expectations, highlighting consumer spending resilience amid economic uncertainties.
Payment processors Mastercard, Visa, and American Express reported higher-than-expected quarterly profits, underscoring consumer spending resilience despite economic pressures.
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