Trends in credit card holders spending up 13%
Credit and Loan February 24th, 2010
Visa Inc. said cardholder spending trends in the Asia Pacific rose 13% to reach U.S. $ 981 billion over 12 months to 30 June 2009 which indicates the transition more and more dominant electronic payment.
Rupert Keeley, President of Visa Inc., Asia Pacific, Central Europe, Middle East and Africa, said the increased spending is mengisyarakatkan early signs of restoration of confidence in the region.
“Although it is too early to say the economy has recovered, we see the signs better. In total, spending Visa cardholders Asia Pacific for 12 months increases,” Keeley said in a release received bisnis.com.
He said the amount of U.S. $ 981 billion dollars calculated in a stable base. He further said that the volume of payments that represent the number of purchases using Visa cards, Visa Electron or Interlink brand increased 13% to $ 636 billion over 12 months.
“The acquisition is led growth based on even a little,” he said.
Visa Debit payment volume also rose to 33%, while the volume of Visa credit payments, which controls 84% of the total payment volume in Asia Pacific, increased 12% and Visa Commercial rose 8%. Visa services include consumer credit, debit, prepaid and commercial payments brand offered by Visa, Visa Electron, Interlink and PLUS.
