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
Topics: Pr-communication
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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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Visa Europe Expands Tokenisation Service to Support Cloud-based Payments and Much More
Visa Europe today announces the expansion of the Visa Europe Payment Tokenisation Service (VEPTS) to enable financial institutions and others to integrate tokenisation into services such as mobile payment apps, e-wallets, and card on file payment options.
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High street enjoys a strong return in January
Headline findings: • Consumer spending rose +2.7% on an annual basis in January, the highest growth rate since May 2014 • Clothing & Footwear surged +5.0% from a dip in December, thanks to cold weather and January sales • High Street spending bounced back to an eight-month high
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Solid overall spending growth in December, but e-commerce the clear winner at Christmas
• Consumer spending increases solidly in December (+2.3% year-on-year), rounding off 2015 as the second strongest year since 2008 • Sharp rise in e-commerce spending (+7.4%), but face-to-face spending is broadly flat (-0.1%) • Growth led by Hotels, Restaurants & Bars (+8.1%), Household Goods (+4.9%) and Recreation & Culture (+4.8%)
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£1.3bn to be spent on the British high street as shoppers make last-minute dash for Christmas presents
-More than 37 million transactions will take place on Wednesday 23rd December, up 10% on 2014 -Shopping will peak in the lunch hour break between 1pm-2pm, with 3.2 million transactions set to take place -Across the whole day, more than £1 million will be spent on Visa cards every minute, rising to nearer £2 million every minute in the peak hour
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E-commerce grows strongly despite modest overall spending in November
Headline Findings •Modest increase in consumer spending in November (+1.1% on the year) •Expenditure continues to rise solidly in e-commerce (+4.1%), but declines on the high street (-1.5%) •Hotels, Restaurants & Bars, Recreation & Culture and Clothing & Footwear see strongest increases in spending during November
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Swatch partners with Visa for pay-by-the wrist contactless payments
Swatch SA and Visa Inc. together with Visa Europe have signed an agreement giving eligible Visa cardholders in the U.S., Switzerland and Brazil the ability to tap and pay with Swatch’s new "pay-by-the-wrist" watch, SWATCH BELLAMY. Slated to launch in early 2016, SWATCH BELLAMY can be used globally, anywhere contactless, NFC-based (near-field communications) Visa payments are accepted.
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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 & Irel -
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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