Uptake of mobile devices to manage money, conduct banking and make payments is greater than ever, as 78% of Irish people now use their mobile devices to keep track of their finances and make everyday payments such as bills, parking and going out.
Visa's Irish Consumer Spending Index, which measures expenditure across all payment types (cash, cheques and electronic payments), revealed that Irish household spending rose +2.5% year-on-year in August, with the rate of expansion unchanged from that seen in July. Household spending has now seen an increase year-on-year for the past six consecutive months.
Growth of spending by households in Ireland continued to gather pace at the start of the third quarter of the year. Visa's Irish Consumer Spending Index, which measures expenditure across all payment types (cash, cheques and electronic payments), signalled a +2.5% year-on-year increase in expenditure in July, up from +1.8% in June.
Visa (NYSE:V) and PayPal (Nasdaq: PYPL) today announced an extension of their strategic partnership to Europe. The two companies are already collaborating in the U.S. and Asia Pacific to accelerate the adoption of secure and convenient online, in-app and in-store payments. This latest step brings the benefits of the partnership to European consumers and businesses.
Visa's Irish Consumer Spending Index, which measures expenditure across all payment types (cash, cheques and electronic payments), recorded another month of modest growth in consumer spending year-on-year, with a 1.6% increase in June.
Visa's Irish Consumer Spending Index, which measures expenditure across all payment types (cash, cheques and electronic payments), signalled continued modest growth of consumer spending year-on-year in May. Expenditure was up +0.6% on the year compared with +9.2% in May 2016, with the rate of expansion little-changed from that seen in April (+0.7%).
Visa has announced the launch of “AIB Everyday Rewards” offering AIB cardholders cashback from some of Ireland’s favourite shopping brands.
Dublin, 9 May 2017: According to Visa's Irish Consumer Spending Index, which measures expenditure across all payment types (cash, cheques and electronic payments), household spending continued to increase on an annual basis during April.
The latest data from Visa's Irish Consumer Spending Index, which measures expenditure across all payment types (cash, cheques and electronic payments), saw a +4.2% year-on-year increase in expenditure. The latest reading pointed to a solid expansion, but still represented slower than the average growth since the series began in September 2014.
The latest data from Visa's Irish Consumer Spending Index, which measures expenditure across all payment types (cash, cheques and electronic payments), showed a -0.7% year-on-year fall in consumer spending, compared to a +3.9% rise in January. The primary factor for the decline was the additional trading day (Leap Day) in February 2016.
Today, Visa announced that Visa debit and credit cardholders from Ulster Bank can now use Apple Pay, giving users an easy, secure and private way to pay. Apple Pay can be used with any of the contactless point-of-sale terminals which are already used by Visa cardholders every day throughout Ireland.
Today, Visa announced the Everywhere Initiative, an innovation program designed to encourage the development of the “next big thing” in payments as the industry shifts from plastic to digital, will expand into Europe.