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20th January 2012

Half of Visa Europe transactions on mobile by 2020

Visa Europe issued two press releases outlining growth of Visa transactions during 2011. Visa transactions now account for one seventh of consumer spend across Europe. In Britain, a much heavier card using country the level is one third. Visa debit card usage accounts for 90% of all Visa card spend.


Peter Ayliffe, Chief Executive, Visa Europe said:
"We expect this growth in electronic payments to continue during 2012 when we will be launching mobile payments and our digital wallet services. These new products, that are a key part of our Future of Payments strategy, will revolutionise consumers' everyday shopping experience to the extent that by 2020 we predict that over half of all Visa transactions will be on a mobile device".