Swiss payments provider Viseca reported a 6.2% year-on-year decline in first-half net profit to CHF 60.7 million, despite growth in transaction volumes and card issuance.
Revenue fell 0.4% to CHF 263.5 million, reflecting lower net interest income and slightly reduced fee revenue. The company cited a one-off interchange income benefit from the prior year, higher project-related costs and increased operating expenses—up 2% to CHF 187.6 million—as key factors behind the profit decline. Staffing levels decreased by 2.4% to 761 full-time equivalents.
Transaction activity increased 7.3% to 281.9 million payments, equivalent to roughly 1.6 million daily transactions. Transaction volume rose 2.9% to CHF 18.7 billion, with domestic growth at 2.8%, European cross-border at 3.4% and other international at 1.0%. The total card base expanded 2.3% to 4.47 million cards in circulation.
Viseca’s balance sheet strengthened, with total assets rising to CHF 1.81 billion and equity reaching CHF 966.6 million, translating to a 53.4% equity ratio. The company expressed confidence for the second half, pointing to ongoing digitalization initiatives and sustained growth in transactions and card issuance.
