Spending on the UK high street will peak at £1.3bn on Visa cards on Wednesday 23 December, just two days before Christmas, according to Visa Europe. Shoppers will make 37m transactions, up 10% in 2014, and total spending is predicted
Household spending continued to increase in November, according to the latest Visa Europe UK Consumer Spending Index data. That said, the annual rate of growth slowed from +2.1% in October to a 21-month low of +1.1%, which partly reflected a
£1.9bn will be spent on Visa cards on Friday 27 November – Black Friday – making it the biggest day for spending on this day in history. This year’s event will be driven primarily by the growth in e-commerce, as
Social media and smartphone adoption make the UK market one of the most revolutionary in Europe and the most prepared for tomorrow’s shoppers, according to the new Future of Retail Report from Visa Europe. The research reveals that the UK
The UK is becoming an increasingly “cash-last” society as one in four Brits expects to use their mobile phone to make payments on a daily basis by 2020, growing from the one in 12 who do so already today. According to new
Visa Europe today confirmed it has secured commitment from 55% of the UK’s issuance base, which accounts for more than 60m card holders, and thousands of the UK’s retailers, large and small, to commercially rollout V.me by Visa at scale
Total spending on Visa cards in the UK has surpassed £600bn for the first time reports Visa Europe, which today announces its annual results for the year ending 30 September 2014. Annual point-of-sale spend on Visa cards in the UK grew
The use of contactless cards to make payments has continued to gain monthly momentum in the UK, according to figures released by Visa Europe today. Consumers made almost 20 million (19.7 million) contactless transactions across the UK in May 2014,
Marks & Spencer has introduced contactless payment in 25 stores across London, including its flagship Marble Arch, Stratford City and White City branches and a number of Simply Food stores. These stores are expected to go live throughout summer 2012. The
Visa Europe is launching a digital wallet service, V.me by Visa, to consumers in the UK, Spain and France in autumn 2012. The company has also announced payments processor WorldPay will be a key development partner in the delivery of
Asda, the UK’s second largest supermarket, is piloting contactless payment in 25 stores from July 2012. The contactless technology, provided by Streamline and Visa Europe, means Asda customers will be able to tap the reader with their contactless enabled card,
WHSmith, one of the UK’s largest retailers of stationery, books, newspapers, magazines and impulse products, is the latest business in the UK to launch contactless payment in partnership with Streamline and Visa Europe. The new contactless payment option will initially
Visa Europe is taking a 15% stake in Mobile Money Network (MMN), which provides mobile commerce and payments services for retailers. The investment is said to form part of Visa Europe’s strategy to deliver increased value for consumers, retailers and
Housewares retailer, Lakeland, is launching contactless payment in stores in partneship with Barclaycard and Visa Europe. From 30 June 2012, all 57 Lakeland stores will accept contactless card and mobile payments, allowing customers a faster and more convenient way to
Superdrug, the UK’s second largest health and beauty retailer, has launched contactless payment at 50 of its UK stores and plans to expand the technology across the UK during 2012. The contactless technology has been provided by WorldPay’s card payment
