• Transport for London (TfL) and Visa proudly welcome home England manager Gareth Southgate and his team by renaming Southgate Tube station to honour the team’s achievement this summer; • Iconic London Underground station changed from ‘Southgate’ to ‘Gareth Southgate’ for 48 hours; • Commuters and football fans encouraged to share photos and videos using hashtag #SouthgateSelfie.
• Visa and Revolut establish partnership that sees Revolut become a Visa card issuer; • To mark the partnership and Visa’s sponsorship of the Olympic Winter Games PyeongChang 2018, every member of Team GB’s delegation to South Korea has received a contactless Revolut Visa prepaid card; • Team Visa athletes Billy Morgan and Elise Christie amongst those receiving the cards to take to South Korea.
• Loss or theft of cash abroad is the biggest concern for Brits on holiday • Eight out of 10 Brits have left-over holiday cash lying around at home • Spain, USA and France are the most popular destinations for Brits
• 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
• Strong summer for trips abroad, with total spend by Brits up 5.4% over summer 2014 • Far-flung destinations such as Indonesia, Mexico and Japan saw fastest growth in UK holiday spend • Brits are increasingly going card-first abroad
One third of British travellers caught in airport ‘Squanderlust’ spending
• Chinese Visa cardholders visiting the UK spent £50m in July, overtaking tourists from France as the second highest spenders in the UK • A new simplified visa scheme for Chinese nationals introduced in July is expected to further boost Chinese tourism spending in the UK • The British high street was the main beneficiary, attracting £2 in every £5 of Chinese holiday spend
Research suggests 18-24 year olds use their cards less when overseas due to perceived higher costs, despite research proving otherwise
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