Visa reported an uptick in quarterly profits, buoyed by steady consumer payment activity, cross-border travel resilience, and strong processed transaction numbers.

Visa is allocating higher client incentive payments to secure key banking and co-branded portfolios, testing operating margins in an increasingly competitive payments market.

PayPal increased its full-year earnings forecast as Chief Executive Alex Chriss advances a multi-phase turnaround focused on transaction margin growth and operational efficiency.