Visa, Mastercard pin hopes on China reopening as travel boom fades
Yahoo! Finance
Mastercard Inc and Visa Inc will rely on China reopening to give travel spending a boost, Wall Street analysts said, as the pace of growth in other parts of the world eases from a post-pandemic boom. Executives at the payments companies on Thursday pointed to further room for travel recovery in China, which earlier this month reopened its borders after dropping its stringent COVID-19 control measures. After splurging on vacations for most of last year, consumers have started cutting down on di...
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