Visa Inc

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Visa’s quarterly revenue just missed Wall Street estimates — a rarity for the world’s biggest payments network.

The company warned that cardholders’ spending overseas has slowed sharply, especially for travel related purchases, and that this quarter’s revenue growth will be about 2.5 to 3.5 percentage points lower than the outlook it shared on Jan. 30.

SINGAPORE (Dec 19): International sales now account for an average of 35% of revenue of Singapore e-commerce businesses, according to a study published Thursday by digital payments giant Visa Inc.