‘Forgotten’ Cash: British holidaymakers sit on £663m stack of leftover foreign currency
One third of British travellers caught in airport ‘Squanderlust’ spending
Topics: Economy, Finance
-
-
Visa Europe's analysis of spending growth on Sundays vs. other days of the week
Analysis of spending on Visa cards in the UK shows clear growth in Sunday trading versus other days of the week:
Average Sunday Average Saturday Average Day Increase in face-to-face spend from 2011 to 2015 35.2% 28.2% 27.9% Increase in online spend from 2011 to 2015 68.9% 56.7% 47.5%
Commenting on spending growth in Sunday trading, Kevin Jenkins, -
1 billion Visa contactless purchases made in last year
1.1 billion contactless transactions made by Visa cardholders across Europe in the last 12 months More than €12.6 billion spent in total More than 130 million Visa contactless cards are now in circulation in Europe Visa’s contactless infrastructure is ready for the next generation of digital payments
-
Boomer Parents prove to be savvier money users on holiday than their millennial kids
Research suggests 18-24 year olds use their cards less when overseas due to perceived higher costs, despite research proving otherwise
-
Apple Pay Coming to Millions of UK Visa Cardholders
Visa Europe will offer Visa debit, credit and reloadable prepaid cardholders access to Apple Pay "Supported by Visa’s extensive contactless infrastructure, Apple Pay in the UK offers an easy, secure and private way to pay, catapulting mobile payments into the mainstream" Jeremy Nicholds, Visa Europe
-
Smart devices on track to replace cash and cards
Smart devices on track to replace cash and cards as UK mobile payments projected to hit over £1.2bn a week by 2020 -UK mobile payments predicted to grow three-fold in the next five years as shoppers embrace new options and spend more on mobile -One in four estimate spending more than £50 a week on mobile by 2020
-
Generation Z ready for biometric security to replace passwords
Three-quarters of 16-24 year olds would feel comfortable using biometric security 69% believe it will be faster and easier than passwords and PINs Half of young people foresee the death of passwords by 2020
