European Commission Approves Visa Inc.’s Acquisition of Visa Europe
Visa Inc. (NYSE: V) today announced that the European Commission has approved the proposed acquisition of Visa Europe Ltd. by Visa Inc
Visa Inc. (NYSE: V) today announced that the European Commission has approved the proposed acquisition of Visa Europe Ltd. by Visa Inc
Connects banks with other mobile wallet providers for instant access, streamlined implementation
• 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
• 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
• 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
• 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
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
• 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
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.
-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
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.
Visa Europe today unveiled the new Visa / Apple Pay “Ready” campaign to run across broadcast and social media during the coming two months.
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