Visa today released announcements on Outlook: USA, is the second annual report which outlines spending by international tourist on Visa payment cards. The report found that in 2008, Visa cardholders from the U.S. spent $42.4 billion on their Visa payment cards in the top 170 destination countries. This is up almost 3 percent from 2007.
A Global Market Insite study commissioned by Visa Inc. polled 5,539 adults across 11 countries who have traveled internationally in the past two years, and have a payment card.According to a new survey of international travelers in 11 countries, 44% of respondents say the last 12 months has not affected their willingness to travel abroad. And 23% of international travelers are more willing to travel abroad compared to one year ago.
The shift to making payments on a mobile phone is taking a major step forward with Visa launching the first mobile phone-based contactless payment system this week. The system uses NFC (Near Field Communications) technology, which has been agreed as the worldwide standard system, and will be rolled out initially across Malaysia.
Visa and GSMA have announced they are to continue developing a partnership to deliver mobile financial services globally. Making the announcement at Mobile Congress World in Barcelona, the ongoing collaboration between the world’s largest retail electronic payments network and the world’s most popular wireless technology aims to make mobile payments more accessible to the mass market.
The thousands of tourists who have come to Beijing to cheer on their favourite athletes and countries have contributed more than just their Olympic spirit - they have given an immediate financial lift to the Chinese economy.
Visa has partnered with Emirates Airlines to offer cardholders the opportunity to win one of 100 Skywards upgrades when booking online and paying for flights with their Visa card.
Visa International Latin America and Caribbean Region (LAC) has launched the Visa Travel Experience program to offer Visa Platinum, Visa Signature and Visa Infinite cardholders unforgettable travel experiences, expanding the benefits they already enjoy.