Visa reported a three percent over-the-year decrease in payments volumes in the U.S. for April, while the same measure was flat in May, through a regulatory filing issued last week (subscription required).
The news likely contributed to a down week for Visa’s stock: shares of V closed on Friday at $112.25 a share, a 5.96 percent drop from its Tuesday open.
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But a nearly opposite report from its biggest rival — MasterCard’s Ajay Banga said U.S. payment volumes grew 9.5 percent from April 1 to May 28 — couldn’t prevent a decrease in share value for that network. Shares of MA stock fell 5.36 percent from May 29 to June 1, closing at $391.78 on Friday.
Read the full story on MasterCard’s spending growth here.
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