Visa Europe unveils new Visa / Apple Pay “Ready” campaign
Visa Europe today unveiled the new Visa / Apple Pay “Ready” campaign to run across broadcast and social media during the coming two months.
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Brits expected to spend £1.9 billion as Black Friday kicks off the first major weekend of Christmas shopping
Black Friday: o £721m forecast to be spent online on Visa cards, peaking between 18:00 and 19:00 (the commuter hour) – spend up 17% on 2014 and 61% on 2013 o £1.19bn forecast to be spent face to face on Visa cards, peaking between 13:00 and 14:00 – spend up only 4% on 2014 but 20% on 2013 Cyber Monday: o £629m to be spent online – spend up 17% on 2014 and 45% on 2013
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The UK ranks 2nd in readiness to embrace future shopping experience – Visa Europe’s Future of Retail research
Three major trends shaping the future of retail identified by the report are outlined below: 1. Customers want personalised shopping experiences across all touch points 2. There is growing demand for social shopping experiences 3. Mobile technology has the potential to bridge the gap between online and offline retail experiences
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Consumer spending growth edges up to three-month high in October
Headline findings:
Consumer spending increases at fastest annual rate in three months (+2.1%)Majority of spending categories see increased expenditure, led by Hotels, Bars & Restaurants and Recreation & Culture (+10% and 5.3% respectively)Renewed increase in spending on the high street as online expenditure continues to rise solidly
Kevin Jenkins, Managing Director UK & Ireland -
Visa Inc. to Acquire Visa Europe
Strategic Acquisition to Create One Global Company That Further Extends Visa’s Payment Leadership; Adds Approximately 3,000 European Issuers, over 500M Card Accounts and more than €1.5 trillion in Payments Volumes to Visa Inc. Portfolio
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Summer hotspots confirmed: East Asia and Eastern Europe enjoy surge in UK tourism spend
• Strong summer for trips abroad, with total spend by Brits up 5.4% over summer 2014 • Far-flung destinations such as Indonesia, Mexico and Japan saw fastest growth in UK holiday spend • Brits are increasingly going card-first abroad
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Visa Europe becomes Official Payment Partner to the FIA Formula E Championship
• Visa Europe extends sponsorship of Formula E, signing as Official Payment Partner for the next three race seasons until 2018 • Visa to sponsor current FIA Formula E Champion title holder Nelson Piquet Jr as driver ambassador • Visa Fastest Lap to continue in this season
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Visa Expenditure Index for September - Solid increase in September consumer spending, driven by leisure and entertainment activities
Headline findings
Consumer spending continues to rise at a steady rate of +1.8% year-on-yearSolid increases seen across a broad range of categories, with the Recreation & Culture and Clothing & Footwear sectors among the best performersStrong growth for e-commerce of +5.8% year-on-year, though high street spending remains flat -
Visa Europe unveils a vision for the future of wearable payments, in collaboration with Central Saint Martins
Visa Europe has teamed up with renowned art and design institution, Central Saint Martins, to challenge design students and graduates to imagine how a wearable payment device could look and function by 2020
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The contactless transaction threshold increases to £30 today. Visa Europe welcomes this new threshold increase and believes it will be the most significant to date.
• The increase to £30 could affect approximately 3 million Visa transactions a day, for a total of over £70 million • Supermarkets, clothes retailers, department stores and pharmacy chains will benefit the most from the increase as 12-20% of all of their transactions fall into the £20-£30 band
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‘Forgotten’ Cash: British holidaymakers sit on £663m stack of leftover foreign currency
One third of British travellers caught in airport ‘Squanderlust’ spending
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Spend by Chinese visitors to the UK hits record level, giving UK retailers a much-needed boost
• Chinese Visa cardholders visiting the UK spent £50m in July, overtaking tourists from France as the second highest spenders in the UK • A new simplified visa scheme for Chinese nationals introduced in July is expected to further boost Chinese tourism spending in the UK • The British high street was the main beneficiary, attracting £2 in every £5 of Chinese holiday spend
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