Visa’s Fintech Fast Track programme is designed to enable the next generation of fintechs to join Visa’s network and build innovative digital commerce experiences for consumers and merchants Fast Track programme grows 360% year-over-year, and supports the creation of payment innovations like digital wallets, Business to Business (B2B) and digital currency payments
- New programme set to transform availability of market-leading digital payment innovations to Visa’s clients - Solutions available through Visa’s partnerships with fintechs at the forefront of payment technology - Fintech Partner Connect will support new ways for businesses and consumers to seamlessly and securely pay, get paid, send money and more.
Visa has facilitated the first request to pay message sent and received using Pay.UK’s standards, ahead of the anticipated commercial launch of request to pay later this year.
- Consumer spending: increases by +0.2%, following +0.4% rise in August - Face-to-Face expenditure: up by +1.1%, while eCommerce spend falls by -0.2% - Sector data show that Hotels, Restaurants & Bars and Food & Drink categories continue to see strongest increases in spend
- Consumer spending: rises +0.4%, after -0.9% decline in July - Face-to-Face spend: increases +0.3%, but eCommerce expenditure declines by -0.2% - Hotels, Restaurants & Bars and Food & Drink categories see the biggest increases in expenditure
- Consumer spending: down -0.9% compared to July last year - Face-to-Face spend: decreases -1.2%, while eCommerce expenditure falls by -0.5% - Warmer weather supports solid increase in spend across Food & Drink and Hotels, Restaurants & Bars categories
Headline findings: - Consumer spending: drops -2.0% year-on-year, matching the decline seen in March - Face-to-face spend: down -5.4% on the year, quickest fall for six years - Household Goods and Recreation & Culture are weakest performing sectors
Headline findings: - Consumer spending: declines -2.1% year-on-year, following -1.0% drop in February - Face-to-Face spend: -3.0% on the year, while eCommerce falls by -1.2% - Transport & Communication weakest performing sector
Headline findings: - December household expenditure falls by -1%, following the -0.9% drop in November - 2017 marks the first annual decline in consumer spending in five years, down -0.3% compared to 2016 - Spending at Food & Drink retailers edges up for first time in three months (+0.4%)
Headline findings: - Household expenditure falls by -0.9% on the year after -2.1% drop in October - Face-to-Face spend continues to decline (-3.5%), as Black Friday spend moved further online, up +2.4% - Majority of sectors record lower expenditure, with Transport & Communication being the worst hit (-6.0%) - Miscellaneous Goods & Services remains a bright spot, up +4.9%
Visa, the Official Payment Service Partner of FIFA, releases travel and spend data timed with the Final Draw for the 2018 FIFA World Cup Russia™
Headline findings: - Overall spending falls at quickest rate since September 2013 (-2.0% year on year) - The high street suffers from the second-steepest drop since April 2012 (-5.0%) - Clothing & Footwear sees record decline in spend (-9.0%) - Hotels, Restaurants & Bars show resilience, reporting growth of +3.2%
- Household expenditure declines -0.3% on the year, the fourth month in the last five to see a decline - Recreation & Culture (-1.3%) suffers biggest decline since July 2013 - High street continues to suffer as face-to-face spending declines -3.2% - Lower spending across Transport & Communication (-6.4%) and Household Goods (-2.6%)
- Consumer spending rises for first time since April (+0.3% year-on-year) - Growth driven by higher E-commerce expenditure (+6.5% on the year), as Face-to-Face continues to decline (-2.6%) - With average growth of 0.2% each month this year, consumer spending is on track for its weakest calendar year of growth since 2013
• Consumer spending falls by -0.8% on an annual basis, following declines in May and June • Transport & Communication (-6.1%) and Clothing & Footwear (-5.2%) see most marked reductions in spend • Face-to-Face expenditure falls at quicker pace (-3.7% on the year), while E-commerce spend increases by +3.6%
• 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%)
• 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
• 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
Visa Europe is a payments technology business owned and operated by member banks and other payment service providers from 38 countries.
Visa Europe is at the heart of the payments ecosystem providing the services and infrastructure to enable millions of European consumers, businesses and governments to make electronic payments. Its members are responsible for issuing cards, signing up retailers and deciding cardholder and retailer fees. Visa Europe is also the largest transaction processor in Europe, responsible for processing more than 18 billion transactions annually.
There are more than 500m Visa cards in Europe, while €1 in every €6 spent in Europe is on a Visa card. Total expenditure on Visa cards exceeds €2 trillion annually, with €1.5 trillion spent at point-of-sale.
Visa Europe is an independent business with an exclusive, irrevocable and perpetual licence to use the Visa brand in Europe. Visa Europe works in partnership with Visa Inc. to enable global Visa payments in more than 200 countries and territories.
For more information, visit www.visaeurope.com and @VisaEuropeNews