• Plans requiring additional checkout steps means more declined transactions and longer and more complicated checkout experiences • 52% of UK shoppers say increased online checkout steps will cause them to abandon purchases • Changes mean no more express checkouts or quick in-app payments from mobiles, reduced access to non-European online shopping sites, and longer queues
• Consumer spending rises +2.5% on the year in October, up from +2.3% in September • E-commerce spending increases solidly (+4.3%), face-to-face expenditure expands for 1st time in 3 months (+1.8%) • Growth led by Hotels, Restaurants & Bars(+9.0%) and Recreation & Culture(+7.4%) • Spending on Clothing & Footwear rose at quickest rate since September 2015(+4.7%)
The number of Europeans regularly using a mobile device for payments has tripled since 2015 (54% vs 18%) 74% of British consumers are ‘Mobile Payments users’ – people who manage their money or make payments using a mobile device The fastest growth rate for mobile banking adoption is with 55-64 year olds
• Consumer spending increases +2.4% year-on-year in September, having been broadly flat in August (+0.1%) • Spending via e-commerce increases solidly (+6.0% on the year), while face-to-face expenditure saw a minimal increase (+0.1%) • Recreation & Culture (+6.8%) and Hotels, Restaurants & Bars (+6.0%) are best performing sectors
• 85% of Britons say banks are the most trusted institution in the provision of biometric authentication payment services • Britons are twice as likely to trust banks as government agencies to store their biometric information (60% vs 33%)
Headline findings: • Expenditure growth slows since July, rising by just +0.1% on the year • Hotels, Bars & Restaurants (+4.3%) and Recreation & Culture (+2.0%) both see slower increases in spend • Clothing & Footwear sees renewed fall in expenditure (-2.6%) • Reduced spending in face-to-face categories (-2.8%) is offset by further growth in e-commerce (+3.2%)
LONDON, UK – AUGUST 11, 2016: Visa Inc. (NYSE: V) is creating the most technologically advanced payment system ever at Rio 2016, in celebration of its 30-year partnership with the Olympic and Paralympic Games.
The world’s leading payments network will send its largest Team Visa group of athletes to an Olympic Games, including refugee athletes competing under the Olympic flag. Visa will also exp
Innovative NFC-enabled wearables to be provided to all Team GB athletes
-Consumer spending rises +1.6% year-on-year in July, an improvement over May (+0.8%) and June (+0.9%), but still lower than the average growth rate in the past 2 years (+2.4%) -Hotels, Restaurants & Bars is strongest performing sector (+8.9%) -Transport & Communication records a further drop in spending (-3.8%)
Sixty Olympic and Paralympic athletes form the company’s largest, most diverse Team Visa
Today, Visa announced that Visa debit and credit cardholders from French banks Banque Populaire et Caisse d’Epargne (BPCE group) now have access to Apple Pay which launches today
• Two-thirds of consumers want to use biometrics when making payments • Three-quarters see two-factor authentication, where a form of biometrics is used in conjunction with a payment device, as secure • Half think payments will be faster and easier with biometrics • Fingerprint recognition is the most popular form of biometric
