Household spending sees slowest growth in almost three years
Headline findings: • Expenditure growth slows since July, rising by just +0.1% on the year • Hotels, Bars & Restaurants (+4.3%) and Recreation & Culture (+2.0%) both see slower increases in spend • Clothing & Footwear sees renewed fall in expenditure (-2.6%) • Reduced spending in face-to-face categories (-2.8%) is offset by further growth in e-commerce (+3.2%)
Visa Celebrates 30 Years of Olympic Partnership with New Wearable Payments Technologies and Expansion of Team Visa at Rio 2016
LONDON, UK – AUGUST 11, 2016: Visa Inc. (NYSE: V) is creating the most technologically advanced payment system ever at Rio 2016, in celebration of its 30-year partnership with the Olympic and Paralympic Games.
The world’s leading payments network will send its largest Team Visa group of athletes to an Olympic Games, including refugee athletes competing under the Olympic flag. Visa will also exp
Visa delivers exclusive Team GB wearable payment band to British athletes competing at Rio 2016
Innovative NFC-enabled wearables to be provided to all Team GB athletes
UK consumer spending showed resilience in July
-Consumer spending rises +1.6% year-on-year in July, an improvement over May (+0.8%) and June (+0.9%), but still lower than the average growth rate in the past 2 years (+2.4%) -Hotels, Restaurants & Bars is strongest performing sector (+8.9%) -Transport & Communication records a further drop in spending (-3.8%)
Visa Adds Refugee Olympic Athletes to Complete Team Visa Rio 2016 Roster
Sixty Olympic and Paralympic athletes form the company’s largest, most diverse Team Visa
Apple Pay Now Available to Millions of French Visa Cardholders
Today, Visa announced that Visa debit and credit cardholders from French banks Banque Populaire et Caisse d’Epargne (BPCE group) now have access to Apple Pay which launches today
European consumers ready to use biometrics for securing payments
• Two-thirds of consumers want to use biometrics when making payments • Three-quarters see two-factor authentication, where a form of biometrics is used in conjunction with a payment device, as secure • Half think payments will be faster and easier with biometrics • Fingerprint recognition is the most popular form of biometric
June rounds off weakest quarterly growth in two years, with the full impact of the Referendum result yet to be felt
Growth in consumer spending holds close to May’s 27-month low (+0.9% year-on-year) Transport & Communications which include flight bookings and car purchases dropped -4.2% Slowest increase in spending at Hotels, Bars & Restaurants since January 2013 (+3.3%) E-commerce spending rises at a faster pace (+4.6%), while face-to-face expenditure falls for the second month in a row (-1.3%)
Apple Pay Now Available to Visa Cardholders in Switzerland
Visa Inc. announced today that around 1 million Visa cardholders in Switzerland now have access to the newly launched Apple Pay – giving users an easy, secure and private way to pay
UK households set to spend £63.4 billion on international travel by 2025
• UK is predicted to become the second highest spenders in Europe, and the fourth globally • Average UK household spend on international travel to reach £9,300 annually by 2025 • Growth in spend by over 65s predicted to be a key driver
Visa Inc. Completes Acquisition of Visa Europe
Visa Inc. (NYSE: V) announces the completion of its acquisition of Visa Europe Ltd.