‘Adapt for Recovery’ | How small businesses are building for the future
As non-essential shops begin to reopen their doors, over half (56%) of small business owners surveyed are concerned they will not be able to bounce back from the impact of COVID-19, according to a new survey released by Visa today.
‘Alight here for Gareth Southgate’ – iconic Tube station renamed in celebration of England football team
• 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
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
Visa UK CSI - Consumer spending has weakest start to the year since 2012
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
Christmas spending expected to fall for first time in half a decade
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
Visa Introduces New Payment Wearables for Fans Attending the Olympic Winter Games PyeongChang 2018
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.
Decline in consumer spending during September points to continued weakness in UK economy
- 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%)
UK Consumer spending on course for weakest year since 2013 despite modest August uptick
- 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
Consumer spend falls for the third month in a row
• Consumer spending falls by -0.8% on an annual basis, following declines in May and June • Transport & Communication (-6.1%) and Clothing & Footwear (-5.2%) see most marked reductions in spend • Face-to-Face expenditure falls at quicker pace (-3.7% on the year), while E-commerce spend increases by +3.6%
Visa Expands Global Transaction Processing with Facilities in Singapore and United Kingdom
New Processing Centers Designed to Meet the Growing Demand for Digital Payments around the World
Visa and PayPal Extend Partnership to Europe
Visa and PayPal have 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.