Visa sees recovery in U.S. payments volume in May

(Reuters) - Visa Inc's total U.S. payments volume fell at a much slower pace in May from the previous month, indicating that consumer spending was picking up as the government starts to ease coronavirus-induced lockdowns.U.S. payments volume in May dropped to 5%, compared with an 18% fall in April. Quarter-to-date, Visa posted an 11% drop in payments volume, the company said in a filing https://bit.ly/2MiHd1k on Monday.Cross-border volumes, excluding intra-Europe transactions, that drive its..