‘Alight here for Gareth Southgate’ – iconic Tube station renamed in celebration of England football team

Press Releases   •   Jul 16, 2018 09:26 BST

• Transport for London (TfL) and Visa proudly welcome home England manager Gareth Southgate and his team by renaming Southgate Tube station to honour the team’s achievement this summer; • Iconic London Underground station changed from ‘Southgate’ to ‘Gareth Southgate’ for 48 hours; • Commuters and football fans encouraged to share photos and videos using hashtag #SouthgateSelfie.

Weather and World Cup prompt first back-to-back jump in household spending in over a year

Press Releases   •   Jul 16, 2018 01:01 BST

Headline Findings: • Consumer spending: Increases +0.7% compared to a year ago • Face-to-Face spend: Outstrips eCommerce for second consecutive month • World Cup fever: Hotels, Restaurants & Bars and Food & Drink categories are best performing sectors

Consumer spending bounces back in May

Press Releases   •   Jun 18, 2018 00:01 BST

Headline findings: - Consumer spending: up +0.9% year-on-year, quickest increase since March 2017 - Face-to-Face spend: up +1.5% on the year, strongest upturn since October 2016 - Spending on household goods rises for the first time in 18 months

Consumer spending falls further amid weak high street performance

Press Releases   •   May 14, 2018 00:01 BST

Mark Antipof, Chief Commercial Officer at Visa, commented:

“With inflation beginning to fall and wages growing faster than expected in recent months, it would have been easy to assume we might be over the worst of the consumer squeeze. Yet there has been no corresponding improvement in spending, with April’s 2% decline a simple repeat of what we witnessed in March.

“Low confidence levels amongst shoppers and the gloomy outlook for the UK economy are likely to have contributed to this continued caution. It is clear that consumers remain in belt-tightening mode, with discretionary spending on furniture, electrical appliances and recreational activities worst hit.

“Retailers will be pinning their hopes on further improvements in household finances and warmer weather leading to a more upbeat few months heading into summer.” 

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere.

As the world moves from analogue to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce.

For more information, visit (www.visaeurope.com), the Visa Vision blog

(vision.visaeurope.com), and @VisaNewsEurope

Headline findings: - Consumer spending: drops -2.0% year-on-year, matching the decline seen in March - Face-to-face spend: down -5.4% on the year, quickest fall for six years - Household Goods and Recreation & Culture are weakest performing sectors

Read more »

Consumer spending decline continues as March rounds off worst quarter in over five years

Press Releases   •   Apr 16, 2018 00:01 BST

Mark Antipof, Chief Commercial Officer at Visa, commented:

“The negative impact that the ‘Beast from the East’ had on UK economic activity last month has been widely reported, but this doesn’t entirely explain March’s lacklustre consumer spending. We are in the midst of a dip in consumer confidence and this – coupled with other economic factors – is causing shoppers to continue to restrain themselves.

"High street sales suffered once again, however it is also noteworthy that e-commerce spend fell for the first time in 10 months, and by its fastest rate since 2012. That said, it is too early to read a great deal into this year-on-year decline, which should be viewed in the context of high growth rates in early 2017.”

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere.

As the world moves from analogue to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce.

For more information, visit (www.visaeurope.com), the Visa Vision blog

(vision.visaeurope.com), and @VisaNewsEurope

Headline findings: - Consumer spending: declines -2.1% year-on-year, following -1.0% drop in February - Face-to-Face spend: -3.0% on the year, while eCommerce falls by -1.2% - Transport & Communication weakest performing sector

Read more »

Visa UK CSI - Consumer spending has weakest start to the year since 2012

Press Releases   •   Mar 12, 2018 00:01 GMT

Mark Antipof, Chief Commercial Officer at Visa, commented:

“Britons have been in belt-tightening mode since last summer. February’s cold snap certainly didn’t alleviate this situation, particularly when we shine a spotlight on high street spending, and recreation and culture in particular, which saw its biggest decline since April 2010.

“On the other hand, hotels, restaurants and bars experienced another strong month. The resilience of this sector is somewhat unique, having reported uninterrupted growth since February 2011.

“As we look ahead into March, consumer spending is at risk of posting one of the worst Q1 results on record. Retailers will no doubt be hoping that the milder weather will put a spring in shoppers’ steps.”

Annabel Fiddes, Principal Economist at IHS Markit, said:

“The latest Visa UK CSI data pointed to a further modest reduction in consumer spending in February, with expenditure down -1.1% compared to a year ago. The High Street remained a key source of weakness, seeing spend fall for the tenth month in a row, while growth in eCommerce spending continued to disappoint.

“Rising living costs, lacklustre wage growth and relatively subdued consumer confidence are all likely playing a part in the ongoing reduction in household spending. Unless the squeeze on incomes subsides, it looks unlikely that household spending will pick up anytime soon.”

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive.

Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second.

The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere.

As the world moves from analogue to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce.

For more information, visit (www.visaeurope.com), the Visa Vision blog (vision.visaeurope.com), and @VisaNewsEurope

IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and expertise to forge solutions for the major industries and markets that drive economies worldwide.

The company delivers next generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 85 percent of the Fortune Global 500 and the world’s leading financial institutions.

Headquartered in London, IHS Markit is committed to sustainable, profitable growth. IHS Markit is a registered trademark of IHS Markit Ltd. All other company and product names may be trademarks of their respective owners © 2018 IHS Markit Ltd. All rights reserved. e-mail: economics@ihsmarkit.com

Headline findings: Consumer spending: falls -1.1% year-on-year, declining for ninth time in ten months Face-to-Face spend: -2.5% on the year, while eCommerce rises only slightly (+0.2%) Recreation & Culture sees its greatest decline since April 2010

Read more »

Planes, Trains and Automobiles – Visa Launches Program to Give Consumers a Better Travel Experience

Press Releases   •   Feb 22, 2018 13:05 GMT

Visa launches Transportation Center of Excellence to reimagine payments for all parts of the journey – from parking and refuelling to travel by air and rail

Visa sponsors Alpine festival Snowboxx

Press Releases   •   Feb 14, 2018 09:00 GMT

London, UK – 14 February 2018 – Visa Inc. (NYSE: V) today announced that it will sponsor European snow and music festival, Snowboxx, in France, as the event’s ‘Official Payment Partner.’ Together with its partner, iZettle, Visa will transform the payments landscape at Snowboxx – aiming to help 100 percent of the festival’s merchants accept card, mobile and contactless payments.

The sponsorship marks a shift from previous Snowboxx festivals, where festival-goers were required to make payments by cash, or via a payments token system. The introduction of contactless payments this year means customers can now tap and pay quickly, securely, and conveniently with their cards, mobile phones, or wearables – making payments abroad in the same way they would do at home.

After five years of growth, Snowboxx has established itself as an unmissable date in the calendar for snow lovers and festival-goers alike. The event, taking place over seven days in Avoriaz, France from 17-24 March 2018, will see 6,000+ festival-goers enjoying live performances from artists including headliners Fatboy Slim, Loyle Carner and Chase & Status DJ Set and Rage.

Stephen Day, Vice President of Marketing for Europe at Visa, says:“At Visa, we are dedicated to being the best way to pay and be paid for everyone, everywhere – even at the top of a snowy mountain. Contactless payments – whether by card, mobile, or wearable – can offer huge benefits to those on ski holidays. They are fast (reducing queues), secure (lost cards can be replaced, unlike lost cash), and convenient, meaning consumers can ski or snowboard without the burden of carrying cash. Visa is working to upgrade the payment experience at select sports, music and other major events. Our sponsorship of Snowboxx is to enable choice – making sure the infrastructure is in place so that anyone who would like to pay digitally can do so.”

Alan Crofton, Festival Director of Snowboxx, says: “We are delighted to have Visa on board as the Official Payment Partner of Snowboxx 2018. Working with Visa we will be enabling contactless card payments across all transactional points at Snowboxx. This is another great step forward for Snowboxx which continues to grow from strength to strength each year. We aim to provide customers with a seamless experience through all steps of their journey and this will provide customers with an efficient payment solution across all aspects of the festival.”

Johan Bendz, Chief Communication and Strategy Officer at iZettle, says: “We’re really excited to partner with Visa in making Snowboxx 2018 as cashless as possible, giving festival-goers the choice to pay in whatever way suits them best, whilst making sure each seller has the tools needed to get paid and sell smarter.”

For 2018, Snowboxx will return to its home in Avoriaz between 17-24 March 2018, a top-tier ski resort in the French Alps that offers the largest connected ski area in the world – 650 km of pistes spanning across France and Switzerland. Find more details about the festival here.

[1] Snowboxx Sales Data 2017

- ENDS -

About Visa Inc.

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analogue to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit (www.visaeurope.com), the Visa Vision blog (vision.visaeurope.com), and @VisaNewsEurope

Contact details:

Leela Shanson

europeanmedia@visa.com

About Snowboxx

Snowboxx has grown to become the most iconic snow festival in Europe; five sell out festivals in five years is no mean feat! Witnessing mind blowing artists in the most unique snow-covered venues is an experience you will never forget. The perfect mix of incredible snow in the stunning resort of Avoriaz, a jam-packed music programme and endless experiences including Bottomless Brunches, the best Après, Igloo Parties, snowball night fights, human bowling and breakfast pool parties is what makes Snowboxx the best week on snow imaginable. For more info visit www.snowboxx.com.

Useful links: You can download Snowboxx hi-res images here.

Facebook: www.facebook.com/Snowboxx/

Instagram: www.instagram.com/snowboxx/
Twitter: www.twitter.com/Snowboxx/

Download 2018 Promotional video here.

Download full press kit here.

Contact details:

If you want to get in touch regarding press opportunities at Snowboxx, please contact:

Alan Crofton

Snowboxx Festival

alan@snowboxx.com
020 7112 1101

About iZettle:

iZettle is on a mission to help small businesses succeed in a world of giants. Founded in Stockholm in 2010, the financial technology company revolutionized mobile payments with the world’s first mini chip card reader and software for mobile devices. Today, iZettle’s commerce platform for small businesses in Europe and Latin America provides tools to get paid, sell smarter and grow your business. Find out more information about iZettle’s small business community at iZettle.com.

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Sponsorship will see Visa work with iZettle to bring contactless payments to Snowboxx festival in France for the first time.

Read more »

January sales dip for the first time since 2013

Press Releases   •   Feb 12, 2018 08:44 GMT

Mark Antipof, Chief Commercial Officer at Visa, commented:

“Consumer spending entered the New Year on a downbeat note, falling for the eighth time in the past nine months, as Britons continued to cut back on spending. Clothing, furniture and household goods bore the brunt of consumers’ caution yet again, while spending on the British high street in general fell sharply as the traditional January sales failed to bring shoppers out in numbers this year.

“The transport and communications sector was another victim of the spending squeeze, posting the sharpest decline of all spending categories. Given the widely reported slump in car sales in recent months, this was perhaps to be expected.

“It wasn’t all doom and gloom in January though. Britons tackled the January blues with evenings out and early holiday bookings, giving a boost to hotels, restaurants and bars. Spending on jewellery, beauty products and trips to hair salons recorded strong growth too, as consumers continued to prefer small treats over big tickets items.”

Annabel Fiddes, Principal Economist at IHS Markit, said:

“Latest Visa UK CSI data signalled a disappointing start to the year, with consumer spending falling for the fifth month in a row on an annual basis. This suggests the weak expenditure trends in 2017 have carried through into 2018, as households continue to face rising living costs and lacklustre wage growth.

“Subdued spending trends coincide with a slowing of the overall UK economy during 2017, while the PMI surveys for January point to a further softening of growth momentum at the start of the year. Lingering uncertainties around the outcome of the ongoing Brexit negotiations are also weighing on consumer confidence, which has stayed well below the levels seen prior to the 2016 Brexit vote.

“However, labour market conditions remain tight, with employment at a record-high, which is expected to place greater upward pressure on earnings growth going forward. Combined with forecasts of cooling inflationary pressures over the coming months, these factors could lead to a relative improvement in expenditure trends as the squeeze on pay-packets unwinds, although overall trends are likely to remain largely subdued in the current economic environment.”

Visa Inc. (NYSE:V) is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. 

We operate one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead with prepaid or pay later with credit products.

For more information, visit our website (www.visaeurope.com), the Visa Vision blog (www.vision.visaeurope.com), and @VisaNewsEurope

IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and expertise to forge solutions for the major industries and markets that drive economies worldwide.

The company delivers next generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 85 percent of the Fortune Global 500 and the world’s leading financial institutions.

Headquartered in London, IHS Markit is committed to sustainable, profitable growth. IHS Markit is a registered trademark of IHS Markit Ltd. All other company and product names may be trademarks of their respective owners © 2018 IHS Markit Ltd. All rights reserved. e-mail: economics@ihsmarkit.com

Headline findings: Household spending falls by -1.2% on the year, the first January drop since 2013 Sharp decline in High Street spend (-4.0%), and slower growth in E-commerce (+1.5%) Transport & Communication suffers from quickest drop (-6.5%), while Hotels, Restaurants & Bars reports further rise (+3.7%)

Read more »

New partnership sees Visa provide Revolut prepaid cards to Team GB ahead of the Olympic Winter Games PyeongChang 2018

Press Releases   •   Feb 08, 2018 09:05 GMT

• Visa and Revolut establish partnership that sees Revolut become a Visa card issuer; • To mark the partnership and Visa’s sponsorship of the Olympic Winter Games PyeongChang 2018, every member of Team GB’s delegation to South Korea has received a contactless Revolut Visa prepaid card; • Team Visa athletes Billy Morgan and Elise Christie amongst those receiving the cards to take to South Korea.

Contacts 4 contacts

  • Press Contact
  • Michelle.Curley@hkstrategies.com
  • +44 20 7413 3153
  • +44 7725 112679

About Visa UK

About Visa Europe

Visa Europe is a payments technology business owned and operated by member banks and other payment service providers from 38 countries.

Visa Europe is at the heart of the payments ecosystem providing the services and infrastructure to enable millions of European consumers, businesses and governments to make electronic payments. Its members are responsible for issuing cards, signing up retailers and deciding cardholder and retailer fees. Visa Europe is also the largest transaction processor in Europe, responsible for processing more than 18 billion transactions annually.

There are more than 500m Visa cards in Europe, while €1 in every €6 spent in Europe is on a Visa card. Total expenditure on Visa cards exceeds €2 trillion annually, with €1.5 trillion spent at point-of-sale.

Visa Europe is an independent business with an exclusive, irrevocable and perpetual licence to use the Visa brand in Europe. Visa Europe works in partnership with Visa Inc. to enable global Visa payments in more than 200 countries and territories.

For more information, visit www.visaeurope.com and @VisaEuropeNews