Thursday July 2, 2020

Spending on Irish Visa cards rose by 12% to record €31.7 billion last year

Visa transactions now account for more than €1 in every €3 of consumer spending

16th February, 2016
Visa cards now account for more than 1 in every 3 of Irish consumer spending Pic: Pixabay

Annual spending on Irish Visa cards rose by a record €31.7 billion last year, an increase of 12 per cent on the previous year, to account for more than €1 in every €3 of Irish consumer spending, the electronic payments company said.

The total number of transactions on Irish Visa debit, credit and prepaid visa cards rose by around 16 per cent to 584 million transactions. However, Visa said the average transaction value fell by four...

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