Visa's quarterly profit rises 10 percent, amends Visa Europe deal

(Reuters) - Visa Inc , the world's largest payments network operator, said it amended its deal to buy former subsidiary Visa Europe to eliminate the earn-out portion.

Visa reported a 10 percent rise in quarterly profit, helped by higher payments volumes.

The company's net income rose to $1.71 billion, or 71 cents per Class A share, in the second quarter ended March 31, from $1.55 billion, 63 cents per Class A share, a year earlier.

(Reporting by Nikhil Subba in Bengaluru; Editing by Sriraj Kalluvila)