Topics: Pr-communication

  • Samsung Pay Now Available to UK Visa Cardholders

    • 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

  • Popular online payment method Visa Checkout launches to UK shoppers

    • 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

  • Sharper slowdown in consumer spending during April

    • 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%)

  • March rounds off weakest quarter for spending growth since Q4 2013

    • 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%)

  • February consumer spending picked up in momentum

    • 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

  • Visa Opens New Innovation Center in London; Extends Access to Visa’s Developer Platform for European Clients

    • 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 Technology Extends Mobile Payments into 12 European Countries by End of 2017

    • 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

  • Consumer spending growth slowed to a five month low in January

    Consumer expenditure growth weakens to +0.4% year-on-year in January, from +2.5% in December Face-to-face spending declines at quickest rate in four years (-3.1%), while e-commerce continues to rise (+4.1%) Hotels, Restaurants & Bars (+5.7%) and Recreation & Culture (+3.1%) are top performing sectors Clothing & Footwear sees biggest drop in spend since April 2012 (-3.8%)

  • December rounds up strongest quarter for consumer spend since 2014

    Headline findings · Consumer spending up +2.6% on the year in December · Spending growth remains solid in e-commerce categories (+5.5% year-on-year), but rises only slightly in face-to-face categories (+0.7%) · Hotels, Restaurants & Bars (+7.3%) and Recreation & Culture (+6.4%) see strongest increases in expenditure

  • Millennials want modern careers that turn passions into pay cheques

    - Cryptocurrency regulator, 3D printing technician and gig economy manager are predictions for future jobs - 52% of millennials expect to switch careers multiple times during their lifetimes - 62% will prioritise a career that aligns with their passions and interests

  • Cash is a Ghost of Christmas Past

    • More than £2bn spent on Visa cards during Black Friday • Online Visa spend in week leading up to Black Friday up 13% year-on-year with almost £1bn spent on Black Friday, alone • Contactless and mobile technology are driving new shopping habits in the run-up to Christmas

  • New European plans threaten disruption and inconvenience for UK’s online shoppers

    • 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 growth reached six month high in October

    • 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%)

  • Mobile Payments soar as Europeans embrace new ways to pay

    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

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