Jan 30 (Reuters) - ** Shares of payments giant Visa V.N edge up 0.5% at $344.74 after the bell

** V's Q1 profit jumped nearly 11%, as easing concerns about an economic slowdown prompted consumers to splurge during the holiday season

** Payments volume - a gauge of overall consumer and business spending on Visa's network - jumped 9%, while its revenue rose 10% to $9.5 billion in the quarter.

** Shares hit their record high earlier in the day

** V shares rose 21.4% in 2024

(Reporting by Jaiveer Singh Shekhawat in Bengaluru)

((JaiveerSingh.Shekhawat@thomsonreuters.com;))