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Latest news

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Consumer spending falls further amid weak high street performance

Press Releases   •   May 14, 2018 00:01 BST

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

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

Press Releases   •   Apr 16, 2018 00:01 BST

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

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

Press Releases   •   Mar 12, 2018 00:01 GMT

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

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

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

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Visa sponsors Alpine festival Snowboxx

Press Releases   •   Feb 14, 2018 09:00 GMT

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

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January sales dip for the first time since 2013

Press Releases   •   Feb 12, 2018 08:44 GMT

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%)

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

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.

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Brits experience major concerns over using cash on holiday

Press Releases   •   Feb 07, 2018 09:11 GMT

• 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

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Visa Checkout reaches one million enrolled consumers in the UK

Press Releases   •   Jan 30, 2018 09:00 GMT

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.

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

Press Releases   •   Jan 18, 2018 09:00 GMT

• 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

No festive cheer for retailers as December rounds off the worst year for consumer spending since 2012

No festive cheer for retailers as December rounds off the worst year for consumer spending since 2012

Press Releases   •   Jan 08, 2018 00:01 GMT

Headline findings: - December household expenditure falls by -1%, following the -0.9% drop in November - 2017 marks the first annual decline in consumer spending in five years, down -0.3% compared to 2016 - Spending at Food & Drink retailers edges up for first time in three months (+0.4%)

Black Friday failed to lift consumer spending in November

Black Friday failed to lift consumer spending in November

Press Releases   •   Dec 11, 2017 08:53 GMT

Headline findings: - Household expenditure falls by -0.9% on the year after -2.1% drop in October - Face-to-Face spend continues to decline (-3.5%), as Black Friday spend moved further online, up +2.4% - Majority of sectors record lower expenditure, with Transport & Communication being the worst hit (-6.0%) - Miscellaneous Goods & Services remains a bright spot, up +4.9%

Visa Readies Digital Payments for the Projected 500,000 Visitors Traveling to Russia for the 2018 FIFA World Cup Russia™

Visa Readies Digital Payments for the Projected 500,000 Visitors Traveling to Russia for the 2018 FIFA World Cup Russia™

Press Releases   •   Nov 29, 2017 09:46 GMT

Visa, the Official Payment Service Partner of FIFA, releases travel and spend data timed with the Final Draw for the 2018 FIFA World Cup Russia™

Christmas spending expected to fall for first time in half a decade

Christmas spending expected to fall for first time in half a decade

Press Releases   •   Nov 20, 2017 08:46 GMT

​Consumers plan to make the most of Black Friday promotions, but spend over the whole festive season is predicted to be lower than last year E-commerce set to take record share of Christmas spending, while the high street likely to face a challenging festive period

October spending declines at fastest rate in four years, driven by poor performance on the high street

October spending declines at fastest rate in four years, driven by poor performance on the high street

Press Releases   •   Nov 13, 2017 00:01 GMT

Headline findings: - Overall spending falls at quickest rate since September 2013 (-2.0% year on year) - The high street suffers from the second-steepest drop since April 2012 (-5.0%) - Clothing & Footwear sees record decline in spend (-9.0%) - Hotels, Restaurants & Bars show resilience, reporting growth of +3.2%

Visa Introduces New Payment Wearables for Fans Attending the  Olympic Winter Games PyeongChang 2018

Visa Introduces New Payment Wearables for Fans Attending the Olympic Winter Games PyeongChang 2018

Press Releases   •   Nov 08, 2017 08:37 GMT

Visa, the exclusive payment technology partner at the Olympic and Paralympic Games, today introduced three commercially available wearable payment devices. In the spirit of the Olympic Winter Games, Visa created NFC-enabled payment gloves, commemorative stickers and Olympic pins that allow fans and athletes to complete seamless and secure payments with a simple tap.

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Smartphones have replaced bank branches for millennials managing money on the go

Press Releases   •   Oct 30, 2017 09:08 GMT

Visa research shows high adoption of banking and money management apps among young Brits

Decline in consumer spending during September points to continued weakness in UK economy

Decline in consumer spending during September points to continued weakness in UK economy

Press Releases   •   Oct 09, 2017 00:01 BST

- Household expenditure declines -0.3% on the year, the fourth month in the last five to see a decline - Recreation & Culture (-1.3%) suffers biggest decline since July 2013 - High street continues to suffer as face-to-face spending declines -3.2% - Lower spending across Transport & Communication (-6.4%) and Household Goods (-2.6%)

Visa Announces Team Visa Roster for the Upcoming Olympic and Paralympic Winter Games

Visa Announces Team Visa Roster for the Upcoming Olympic and Paralympic Winter Games

Press Releases   •   Sep 20, 2017 10:16 BST

Visa has today announced its global team Visa roster for the Olympic and Paralympic Winter Games. The roster is comprised of over 40 Olympians and Paralympians from 17 countries, including British snowboarder, Billy Morgan and speed skater, Elise Christie.

UK Consumer spending on course for weakest year since 2013 despite modest August uptick

UK Consumer spending on course for weakest year since 2013 despite modest August uptick

Press Releases   •   Sep 11, 2017 00:01 BST

- Consumer spending rises for first time since April (+0.3% year-on-year) - Growth driven by higher E-commerce expenditure (+6.5% on the year), as Face-to-Face continues to decline (-2.6%) - With average growth of 0.2% each month this year, consumer spending is on track for its weakest calendar year of growth since 2013