Visa reports May 2023 U.S. payments volume up 5% YoY; cross-border volume reaches 151% of 2019

VISA INC.

May U.S. payments volume +5% YoY (Credit +5%, Debit +6%); card-not-present volume +7%.
Cross-border volume ex-intra-Europe at 151% of 2019; travel cross-border into Asia Pacific and U.S. improving.
Global processed transactions grew 9% YoY in May; quarter-to-date Apr 1–May 28 also +9%.
Quarter-to-date U.S. payments volume +5% YoY; cross-border volume ex-intra-Europe +24% YoY.

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