Media no image

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 »
Media no image

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 »
Media no image

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 »
Tvi1eriepqfwjw2cwvrw

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

Media no image

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.

###

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

Read more »
Media no image

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 »
Pv3iotdxhfbw4huawxfn

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.

Media no image

Brits experience major concerns over using cash on holiday

Press Releases   •   Feb 07, 2018 09:11 GMT

LONDON, 7 February 2018— Losing cash or having it stolen is the top holiday worry for Brits travelling abroad, new research from Visa, the world’s leader in digital payments, has found.

The latest Visa Global Travel Intention Study (GTI[1]) reveals that 41 per cent of British holidaymakers use their cards abroad and 70 per cent use it when booking their trip. But, despite their fears over cash, 56 per cent of Brits still exchange currency at home before going on holiday. More than eight in 10 (83 per cent) have some left over cash when they return home – above the European average of 78 per cent.

The average total spend for Brits per trip is £927 [2], considerably lower than the global average spend of £1,294 and one of the lowest in Europe. Nine per cent of travellers withdraw cash at ATMs when abroad, with the average withdrawal being £150 [3].

“We want to ensure that Brits’ holidays are as stress-free as possible when it comes to spending abroad. Our research shows that concerns around cash are top of the list when it comes to worries around travelling. Travellers can do away with these concerns and have a stress-free trip when using their Visa card abroad,” says Suzy Brown, UK and Ireland Marketing Director at Visa. “Visa is readily accepted at all of the top destinations where Brits go on holiday, so from buying their paella lunch in Spain, to enjoying theme parks in the USA, holidaymakers will be able to enjoy their travels without feeling anxious about carrying lots of cash around with them.

“And whether they choose to use their debit or credit card, if it is lost or stolen, they still don’t need to worry as they will be protected with Visa’s zero liability[4], unlike cash which if lost, is generally gone forever.

“Using their card also takes away the stress of having to figure out different notes and coins when travelling, plus if people use their card abroad, it saves them the time and hassle of having to get their holiday cash before they go and means they are not coming home with leftover cash.”

As far as destinations go, Brits are keen to soak up the sun. Spain, the USA and France top the list of most popular destinations visited in the last two years, and are the destinations holidaymakers are most likely to visit over the next two years. Overall, 78 per cent of Brits holiday within Europe. And the travelling bug shows no sign of slowing with Brits planning an average four trips away over the next two years.

As well as the weather, Brits’ other top reasons for travelling include experiencing culture and getting a flavour of local life. Family bonding is the top motivation for 55 per cent of holidaymakers, even young adults, with more than a quarter (26 per cent) of 18 to 35 year olds still choosing to go abroad with their parents for their most recent trip.

Tips for Stress-Free Payment While Travelling

  • When paying by card and given the choice of paying in your home currency or the local currency, pay in “local currency” for a competitive exchange rate
  • Use a credit or debit card for purchases. Visa offers security, convenience and ease when paying abroad. It is safer than carrying cash, backed by Visa’s Zero Liability Policy[5], which states accountholders won’t be held responsible for unauthorised charges on their account
  • Look for the Visa logo at any point-of-sale terminal or ATM to ensure international payment cards are accepted
  • Inform your bank before you travel to ensure they know you will be using your card abroad.

For more information about Visa’s Global Travel Intentions Study (GTI) visit visa.com/travelstudy.

####

Notes to editors

For more information, please contact europeanpressoffice@visa.com

About Global Travel Intentions 2017

The Global Travel Intentions Study analyses travel behaviour and tourism spending patterns of global travellers. One of the most comprehensive surveys of its kind that monitors and analyses international travel trends and consumer travel behaviour, it is part of Visa’s continued commitment to helping industry players in their pursuit of growth in the global travel and tourism industry. The GTI Survey was conducted in conjunction with research and business intelligence firm ORC International and collected data over the course of 15,523 interviews in 27 markets. This study was also fielded in 2013 and 2015. Where possible, trends are shown.

[1] . The GTI Survey was conducted in conjunction with research and business intelligence firm ORC International and collected data over the course of 15,523 interviews in 27 markets.

[2] Based on exchange rate from US Dollar on 18.01.18

[3] Based on exchange rate from US Dollar on 18.01.18

[4] Visa's Zero Liability Policy does not apply to Visa corporate or Visa purchasing card or account transactions, or any transactions that are not processed by Visa. For specific restrictions, limitations and other details, please consult your issuer.

[5] Visa's Zero Liability Policy does not apply to Visa corporate or Visa purchasing card or account transactions, or any transactions that are not processed by Visa. For specific restrictions, limitations and other details, please consult your issuer.

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.

• Loss or theft of cash abroad is the biggest concern for Brits on holiday • Eight out of 10 Brits have left-over holiday cash lying around at home • Spain, USA and France are the most popular destinations for Brits

Read more »
Media no image

Visa Checkout reaches one million enrolled consumers in the UK

Press Releases   •   Jan 30, 2018 09:00 GMT

Visa Checkout reaches one million enrolled consumers in the UK

  • Online payment method reaches one million consumer accounts in the UK since introduction in mid-2017;
  • The UK is now one of the fastest growing markets for Visa Checkout globally;
  • Major merchants including The Hut Group, AXS, Domino’s, Ebuyer, HMV, Match.com and Mighty Deals signed up to offer the online payment method;
  • Partners including Adyen, Braintree, CyberSource, Pay360, Judopay, SafeCharge, Worldline and Worldpay have signed to offer the service to their merchants.

London – 30th January 2018: Visa Inc. (NYSE:V) today announced that Visa Checkout has surpassed one million enrolled accounts in the UK. Visa’s online payment method, which was launched in May 2017, enables consumers to pay securely in just a few clicks on any device across the internet with some of the world’s top merchants.

The popularity of Visa Checkout has been bolstered by several major merchant integrations. Online travel agent lastminute.com became the first retailer in the UK and Ireland to integrate Visa Checkout, and since then, other prominent online retailers have joined including The Hut Group (whose brands include lookfantastic, Zavvi and Myprotein), AXS, Domino’s, Ebuyer, HMV,Match.com and Mighty Deals.

Such has been the success of the service that some merchants are already seeing as much as a third of payment volumes on their websites made through Visa Checkout. The UK is now one of the fastest growing markets for Visa Checkout globally

Tony Holdway, Sales & Marketing Director, Domino’s, said: “Here at Dominos, we are always on the lookout for ways to improve and simplify the ordering process for our customers, so it makes sense that we should be amongst the first companies to offer Visa Checkout in both the UK and Ireland. We have seen fantastic adoption in both markets, with a significant proportion of our new and existing customers choosing to pay for their orders with Visa Checkout.”

“Today, consumers expect their favourite brands to offer seamless payment experiences across physical and digital touchpoints,” said Carleigh Jaques, SVP, Global Head of Digital Merchant Products, Visa. “Through Visa’s CyberSource payment management platform, our merchant customers like Domino’s, are empowered to bring their consumers the latest digital payments innovations, like Visa Checkout, to markets around the world. The power of our platform, coupled with Visa Checkout, delivers the safety, security and convenience that our merchants and their customers – in Europe and around the world – have come to expect from Visa.”

Consumer research commissioned by Visa shows that takeaway food is one of the key sectors for online spending in the UK. Over half (52%) of Brits have ordered takeaway online, a figure which rises to 85% of millennials between the ages of 18-35[1]. Visa’s Digital Payments Study 2017 also shows that a quarter (26%) of those surveyed made their takeaway orders using a mobile device, showing that consumers want quick, easy and seamless ways to pay digitally, something that solutions such as Visa Checkout can provide.[2]

Leading issuers including the Co-operative Bank, HSBC, NatWest, Nationwide and Royal Bank of Scotland are integrating their card art into the service for cardholders. In addition, new partners including Adyen, Braintree, CyberSource, Pay360, Judopay, SafeCharge, Worldline and Worldpay have signed up in recent months to offer the service to their merchants.

William Levaggi, Vice President, Digital Products at Visa in Europe, said: “Visa Checkout, which securely stores customers’ payment details, removes the hassle for customers of having to enter payment and shipping information each time they make a purchase. In a little over six months, we’ve seen over one million consumers embrace this new digital payment method, whether it be to book their next holiday or order their regular takeaway.

“Consumers have trust in the Visa brand, and the ease of using Visa Checkout in turn reduces online basket abandonment for retailers. Our merchant partners have seen a marked increase in conversion rates from customers using Visa Checkout. As online channels continue to be a key interface with consumers in the retail and service sector, it is more important than ever to offer people the right balance between security and convenience when they make payments.”

Edgar Verschuur, Head of Global Acquiring, Adyen, said: “In a highly competitive marketplace, the payment experience plays a critical role in business success. Adyen is committed to help merchants deliver a frictionless experience through all their channels. As the payments platform of choice for the world’s leading merchants we are excited to launch this latest Visa product. We have made Visa Checkout available for all markets through one integration to our single platform. As such our merchants can easily reach their shoppers around the globe."

In addition to reaching one million enrolled consumers in the UK, Visa Checkout now has over 25 million registered accounts in 26 markets worldwide and more than 350,000 merchants including some of the largest global retailers accept Visa Checkout.

[1]Visa Inc and Populus research, with 3,125 consumers across three markets – UK, Ireland and Poland – between the 2nd – 12th June 2017.

[2]Visa Digital Payments Study 2017 – Visa Inc and Populus research amongst 2,077 UK respondents – July 2017

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

About the Visa Digital Payments Study 2017

The research was commissioned by Visa Inc. and undertaken by Populus, with 3,125 consumers across three markets - UK, Ireland and Poland - between the 2 – 12th June, 2017.

Contacts:

Ian Burge, UK and Ireland PR Lead, Visa

T +44 (0) 203 144 2196

burgei@visa.com

Visa Press Office, London

+44 (0) 20 7795 5336

europeanmedia@visa.com

Twitter: @VisaNewsEurope

Website: www.visaeurope.com

Visa Inc. (NYSE:V) today announced that Visa Checkout has surpassed one million enrolled accounts in the UK. Visa’s online payment method, which was launched in May 2017, enables consumers to pay securely in just a few clicks on any device across the internet with some of the world’s top merchants.

Read more »
Media no image

Visa partners with DragonPass to bring enhanced and exclusive airport experiences for cardholders

Press Releases   •   Jan 18, 2018 09:00 GMT

Visa partners with DragonPass to bring enhanced and exclusive airport experiences for cardholders

Visa issuers can offer their European customers access to a range of exclusive privileges and discounts

In 2016 over 2 billion people passed through Europe’s airports[1] with the global duty-free industry expected to grow to approximately US$67bn by 2020 from an estimated US$45.7bn in 2016[2]

London, UK – 18 January 2018 – Visa (NYSE:V) in partnership with DragonPass today launched a new programme for its European clients. The new ‘Airport Companion Programme’ is now available to financial institutions throughout Europe, enabling them to provide their customers with an array of exclusive services to enhance the airport travel experience for their Visa cardholders.

When financial institutions sign up to Airport Companion, their cardholders will have access to more than 1,000 airport lounges worldwide as well as exclusive airport restaurant discounts. Financial institutions also have the option to add other premium features such as transportation, spa, fast track and digital coupons for free meals or beverages. The Programme enables cardholders to manage their membership through their banking app allowing them to make payments, receive smart recommendations and more.

“We are constantly looking for new ways to add value for Visa cardholders, whilst simultaneously supporting the commercial interests of our clients,” said Mike Lemberger, senior vice president, products and solutions, Visa in Europe. “Our new partnership with DragonPass is an excellent example of delivering a valued service globally to differentiate our offering and utilizing mutual assets in doing so. We know Visa cardholders regularly travel through airports and this new partnership will provide consumers in Europe with a one-stop shop of exclusive benefits to enhance their travel experience worldwide”.

The DragonPass offering is powered by the Visa Developer Platform https://developer.visa.com, using Visa APIs (Application Programming Interface) to enable seamless account verification and programme eligibility, making it easier for banks to integrate the service into their own apps and tailor services to their specific customer base and commercial interests. A simplified digital on-boarding process gives financial institutions the ability to deploy services quickly and effectively to suit their requirements. DragonPass also enables financial institutions to run bespoke segmented campaigns to optimise the service - driving acquisition, retention and increased customer value.

DragonPass’ global footprint is growing rapidly with more than 1,000 airport lounges and over 2,000 airport restaurant discounts available to users worldwide. The Programme offers discounts at a range of outlets from Caviar House in Malaga to Los Clos in Dubai, as well as access to lounges such as the Maple Leaf lounge in Frankfurt and the Plaza Premium Lounge in London’s Heathrow Airport.

“We are delighted to team up with Visa to provide an innovative set of travel solutions designed to give more value back to Visa customers through enriched Visa payment propositions,” said Andrew Harrison Chinn, global managing director for DragonPass. “Our approach and services are always designed at simplistically linking an often complex and multifaceted airport ecosystem to provide the customer with a more enjoyable travel experience.”

[1] https://www.aci-europe.org/press-releases.html

[2] https://www.ft.com/content/5628f254-778e-11e7-90c0-90a9d1bc9691

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

# # #

Visa Contact:

Emma Vince

Visa Press Office, London

+44 (0)20 7795 5336

europeanmedia@visa.com









About DragonPass

Founded in 2005, DragonPass Company Limited (NEEQ:835868) is one of the fastest growing providers of travel benefits and services in the world. Through its innovative smart airport online platform and mobile solutions, DragonPass serves over 10 million members worldwide and provides a suite of services including lounge access, airport restaurant program, limousine and concierge services. Its expanding global service network covers lounges and restaurants in more than 120 countries and over 450 airports and railway stations. The combination of DragonPass innovative product offering and technology platform creates a unique experience for end users, driving branding and user engagement for its corporate partners. For more information, visit http://en.dragonpass.com.cn/.

DragonPass Contact

Sarah Gorton

Email: sarah@dragonpassuk.com

Phone: +44 7805 336868

• Visa issuers can offer their European customers access to a range of exclusive privileges and discounts • In 2016 over 2 billion people passed through Europe’s airports with the global duty-free industry expected to grow to approximately US$67bn by 2020 from an estimated US$45.7bn in 2016

Read more »

Contacts 4 contacts

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

  • Press Contact
  • qjGisvang.asavNgchtjyjuymfen@hkskstratxquhegjnfiyrqmiheuiezvrus.oehmcom
  • 0207 413 3153

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