• First fall in household expenditure since 2013 (-0.8% on the year) • Face-to-face spending declines notably (-5.3%), while e-commerce rebounds (+6.9%) after weak April (-0.3%) • Clothing & Footwear (-5.2%) and Household Goods (-4.1%) among the weakest performing sectors in May
• Visa migrating to the next generation of the 3-D Secure platform, the technology platform originally developed by Visa and underpinning the Verified by Visa service • Upgrade will enhance the security and convenience of mobile online payments globally • Today, three times as many Europeans make online purchases using their mobile device compared to 2015
• Service powered by Visa tokenisation to enable simple and secure mobile payments • 94% of UK 18-24 years olds already use their mobile device for banking and payment services
• Visa Checkout, the easier way to pay online with a single sign-in, is making its debut in the UK, launching on lastminute.com • An exciting range of promotions is kicking off the partnership between Visa and lastminute.com • Enrolled customers have a 51% higher conversion rate when compared to other customers and data shows reduced cart abandonment
Visa teams up with surf and music event as part of an evolving sponsorship strategy Sponsorship deal will see Visa work with its partner Square to bring 100% card and mobile payment acceptance options to Boardmasters, for the first time
• Consumer spending rises at the weakest pace for three months in April (+0.5% year-on-year) • Renewed increase in face-to-face spend (+0.3%) contrasts with slight dip in e-commerce (-0.1%) • Food & Drink categories see best growth for three years (+5.9%), while Clothing & Footwear records first increase in expenditure for five months (+2.3%)
New European competition invites start-ups to submit ideas focused on improving the local community and travel experience, enhancing everyday lives of people everywhere.
• Household expenditure increases by +1.0% on the year, down from +1.3% in February • Average annual growth rate falls to +0.9% in Q1, down from +2.7% in Q4 2016 • Spending through e-commerce continues to drive growth (+8.2%); face-to-face expenditure however declines for third month running (-1.3%)
• Spending rises +1.5% on the year in February, up from +0.4% in January • Expenditure through e-commerce channels continues to increase (+3.2%), while face-to-face spending falls again (-3.0%) • Recreation & Culture (+3.3%) and Hotels, Restaurants & Bars (+1.2%) see further increases in spend on an annual basis
Live competition at Mobile World Congress challenges five start-ups to bring payments to the Internet of Things
• At just over 1,000 square meters, new Innovation Center is Visa’s largest to date • Space will host partners and clients from across Europe to collaborate on new ways to pay • Center features live demonstrations including Internet of Things applications, virtual reality and biometrics • Mayor of London’s office welcomes the investment in the London fintech community
• Visa Token Service, which enables secure and convenient mobile payments, is live in five European markets, with seven more in the pipeline • European consumers currently spending an average of €9 in face-to-face transactions when they use their mobile device to pay • More than 1.2 million European merchants offer contactless point-of-sale, driving uptake in mobile payments
