BANKING & FINANCE - Jan. 29, 1992
From Times Staff and Wire Reports
Visa Volume Up 17% in 3rd Quarter: The world’s largest consumer card payment system said credit card transaction volume was $102.4 billion in the third quarter, a gain of 17% over the same period of 1990. The number of cards circulating worldwide reached 274.8 million in the three months ending Sept. 10, an increase of 10% from the year-ago period. Visa saw its greatest gains in Latin America, where transaction volume leaped 83% to $3.4 billion. The number of cards grew 17% to 12.1 million. In Visa’s biggest market, the United States, volume rose 9% to a record high of $44 billion. Cards in circulation grew 6% to 140.5 million.
