Visa sees mobile payment as big growth driver


MOBILE BOOST: Visa Inc reported a better-than-expected adjusted quarterly profit and said the mobile payment industry would be "a great driver" for business, sending its shares up nearly 4% in extended trading.

Visa Inc reported a better-than-expected adjusted quarterly profit and said the mobile payment industry would be "a great driver" for business, sending its shares up nearly 4% in extended trading. 

The world's largest credit and debit card company and its competitors are turning their attention to mobile payments, an industry given fresh impetus by the entry of Apple Inc. 

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