Visa Expands Global Transaction Processing with Facilities in Singapore and United Kingdom
New Processing Centers Designed to Meet the Growing Demand for Digital Payments around the World
Categories: uk
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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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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
