×
32
Fashion Jobs
VF
Production Planning Manager
Permanent · 香港
NIKE
Dir of Asia Manufacturing & Operations
Permanent · HONG KONG
PUMA
Senior Manager Chemical Compliance
Permanent · Hong Kong
VF
Senior Manager, Regional Projects
Permanent · 香港
VF
Senior Manager - Apparel Digital Product Creation
Permanent · 香港
VF
Senior Manager, Ecommerce, Timberland Apac
Permanent · 香港
LEVI'S
Gsp Purchasing Operations Analyst
Permanent · Wan Chai
ESTÉE LAUDER COMPANIES
Business Intelligence Solutions Manager, Asia Pacific
Permanent · Hong Kong
I.T.
Project Manager, Ecommerce
Permanent · Hong Kong
ESTÉE LAUDER
Vice President, Marketing, Estee Lauder, Asia Pacific
Permanent · Hong Kong
I.T.
Administration Assistant
Permanent · Hong Kong
LULULEMON
Part-Time Educator | Harbour City
Permanent · Tsim Sha Tsui
LULULEMON
Educator (Part-Time) | Hong Kong Ifc
Permanent · Hong Kong
LULULEMON
Educator (Full-Time) | Hong Kong Ifc
Permanent · Hong Kong
PUMA
Intern Apparel
Internship · Hong Kong
ESTÉE LAUDER COMPANIES
Microservices Lead Engineer, Asia Pacific
Permanent · Hong Kong
LULULEMON
Assistant Manager | New Town Plaza
Permanent · Hong Kong
LULULEMON
Educator (Full Time) | Hong Kong Hysan Place
Permanent · Hong Kong
LULULEMON
Educator (Part Time) | Hong Kong Hysan Place
Permanent · Hong Kong
LULULEMON
Educator Full Time | Hong Kong Festival Walk
Permanent · Hong Kong
LULULEMON
Key Leader | Hong Kong New Town Plaza
Permanent · Hong Kong
LULULEMON
Educator- Full Time
Permanent · Hong Kong

Visa transaction volumes hurt as coronavirus crisis deepens

By
Reuters API
Published
Mar 31, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Visa Inc said on Monday its transaction volumes had been hit as the coronavirus pandemic wreaks havoc on consumer spending, leading it to forecast mid-single-digit percentage revenue growth for the second quarter.


Reuters


"As countries have imposed social distancing, shelter-in-place or total lock-down orders, domestic spending, most notably in travel, restaurants, entertainment and fuel, has sharply declined week on week," the world's largest payments network said in a statement.

The company said transaction volumes fell in the second half of March and there has been a rapid deterioration in cross-border travel-related spending.

The coronavirus has upended the retail industry as shoppers stay at home to avoid catching the highly contagious illness and stores remain shut.

Mastercard Inc, American Express, and PayPal Holdings Inc have also warned of slowing revenue growth due to the outbreak.

Visa, which reported a 4% fall in March to date in U.S. payments volume from a year earlier, said it expects operating expense growth in high single digits and earnings per share growth in the high end of low single digits.

Analysts expect revenue of $5.83 billion and earnings per share of $1.36 in the second quarter ended March 31, according to Refinitiv IBES data.

Earlier this month, Visa had already warned that its second-quarter revenue growth would be slower than its previous forecast.

© Thomson Reuters 2020 All rights reserved.