Californian credit card giant Visa Inc. profit tumbles 23% as payment volumes sour

Late on Wednesday, Visa Inc., the San Francisco, California-headquartered credit card behemoth, had released its quarterly earnings’ report for fiscal fourth quarter of the year that ended on September 30, while the American multinational payment processor had missed Wall St. estimates for its fourth-quarter profit, as tens of millions of people across the globe who had been laid-off due to the pandemic-led economic downturn appeared to have continued to keep…