Visa, Mastercard profits expected to jump as travel rebounds

FILE PHOTO: Visa credit and debit cards are seen in this picture illustration taken August 2, 2022. REUTERS/Benoit Tessier

(Reuters) - U.S. card companies are expected to benefit as pandemic-weary consumers continue to fuel demand for travel, one of the biggest contributors to revenue, despite rising inflation.

With more companies resuming business travel and people planning vacations, Visa Inc, Mastercard and American Express are likely to see a jump in cross border volume, according to analysts.