Visa Inc. Completes Acquisition of Visa Europe
Visa Inc. (NYSE: V) announces the completion of its acquisition of Visa Europe Ltd.
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Consumer spending slows amid economic and political uncertainty
• Slowest increase in consumer spending since February 2014 • Transportation and communications dropped -5.2% year-on-year, driven by slowing growth in car sales • Clothing & Footwear retailers buck the trend, posting +4.2% year-on-year, its first rise in three months • Growth in e-commerce slows to +2.3% year-on-year while face-to-face expenditure falls slightly on an annual basis (-0.8%)
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European Commission Approves Visa Inc.’s Acquisition of Visa Europe
Visa Inc. (NYSE: V) today announced that the European Commission has approved the proposed acquisition of Visa Europe Ltd. by Visa Inc
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Visa Europe Announces New Digital Enablement Programme with Launch Partners to Include Google’s Android Pay and Leading UK Banks
Connects banks with other mobile wallet providers for instant access, streamlined implementation
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Visa limbers up to show Everything Counts for Team GB
• New campaign launches in partnership with the British Olympic Association • Everything Counts platform enables the British public to share the stories of athletes on the road to being part of Team GB • Athletes Adam Gemili, Adam Peaty, Claudia Fragapane and Elinor Barker signed as Team Visa Ambassadors
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Europeans “touched to pay” three billion times in the last 12 months – cementing contactless payments’ growing popularity
• 1-in-5 in-person Visa-processed card payments are now contactless • 3 billion contactless transactions made using Visa cards and devices across Europe between 1 May 2015 and 30 April 2016 • 165 million Visa contactless cards and 3.2 million POS terminals are now in active in Europe
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Online spending grows at fastest rate for 16 months as the experience economy powers ahead
Headline findings: • Total consumer spending increases by +2.5% year-on-year in April • E-commerce growth rate of +8.4% year-on-year but face-to-face expenditure is broadly flat (+0.2% year-on-year) • Clothing and footwear sees biggest fall in year-on-year spending since September 2014
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Small businesses retain strong trust in banking providers but still looking for more from their payment services
• SMEs identify banks as their preferred provider of transaction services, but take-up of newer ways to pay and be paid varies • Key barriers to change highlighted as perceived cost, risk and other priorities being addressed first
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Wet weather hits the high street, but consumer spending maintains growth at end of Q1
Headline findings: • Consumer spending rises by +2.3% year-on-year • Strong increases in expenditure seen in Recreation & Culture (+5.6%) and Hotels, Restaurants & Bars (+5.3%), but spending at Clothing & Footwear retailers declines (-1.8%) • Growth led by higher e-commerce spending (+4.2%), as face-to-face expenditure falls slightly (-0.9%)
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Consumers embrace £30 limit as higher value spend drives new contactless behaviour across the UK
• Contactless transactions over £20 grew at more than double the rate of those under £20 following the introduction of new £30 spend limit • Bars and pubs a prime driver of growth for contactless above £20, seeing 30% average weekly growth • Contactless payments now make up 10% of all face-to-face payments between £20 – £30
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Visa Europe launches “Cashfree and Proud” campaign
London, 21 March 2016 – Visa Europe today launches “Cashfree and Proud” on 21 March, a new campaign telling cardholders they can make a Visa contactless payment with confidence and feel liberated from the need to carry cash.
The campaign, which runs in the UK from March to May, recognises and harnesses that sense of achievement people feel when they begin to use contactless and realise that the -
Valentine’s Day & half-term boost spend on hotels, dining and entertainment to record levels
• Household spending increases +2.2% year-on-year in February • Sharp rise in spending on Hotels, Restaurants & Bars (+13.6%) and Recreation & Culture (+9.7%), while expenditure growth reaches 13-month high across Food & Drink (+4.8%) retailers • E-commerce on upward trajectory as growth improves to +6.3% on an annual basis
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