Viewpoints

Visa’s Blog – Visa Viewpoints

PERSPECTIVES ON DIGITAL CURRENCY

Dec 5, 2013

Cross Border

The Rich Will Continue Spending More…On Travel

Affluent travelers are expected to spend at least $1,000 more per holiday in the next year. Typically creatures of comfort, their top holiday destinations for the next year are still the modernized cities of the USA, UK and Australia. And one of the top deciding factors of where they go? Good weather apparently.

Another quirk of the affluent traveler? A need to connect with their internet banking facilities regardless of where in the world they are.

BBC Fast Track presenter, Carmen Roberts, speaks to Visa’s James Lim who reveals the difference between global and Asian affluent travelers in their top travel destinations and how they spend.

 

To find out more about the Study, download a copy of the report here.

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Posted by: Jag Mistry, Corporate Relations, Visa Inc. on December 5, 2013 at 6:28 pm

Aug 2, 2013

Are Travellers Addicted to Gadgets?

What gadgets are a traveller’s best friends and what do they use them for? And which country has the most connected travellers?

BBC Fast Track presenter, Carmen Roberts, speaks to Visa’s Ross Jackson on what Visa’s Global Travel Intentions Study revealed around the influence of technology on travel – pre, during and post-trip.

 

To find out more about the Study, download a copy of the report here

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Posted by: Jag Mistry, Corporate Relations, Visa Inc. on August 2, 2013 at 12:12 pm

Jul 31, 2013

A Conversation With Visa on Global Travel Trends

The latest version of Visa’s Global Travel Intentions Study reveals positive news for the Travel and Tourism industry.

BBC Fast Track presenter, Carmen Roberts, speaks to Visa’s Elizabeth Buse, Ross Jackson and James Lim on the Study’s findings, revealing the latest insights into today’s global traveler – where they are going, what they are doing, and how much they are spending.

 

 

Responses from the 12,631 travelers from the 25 countries surveyed are split by region and include destination choice, spending habits, budgets, transport preferences and future intentions, all of which reveal a thriving and rapidly evolving travel landscape.

To download a copy of the report, please click here

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Posted by: Jag Mistry, Corporate Relations, Visa Inc. on July 31, 2013 at 3:44 pm

Apr 24, 2013

Global Travel Budgets On the Rise: Visa’s Latest Travel Barometer Confirms Industry Growth

This week, Visa announced the results of its latest iteration of its Global Travel Intentions Study series – a look into the behavioral trends of today’s traveler. Responses from the 12,631 travelers from the 25 countries surveyed are split by region and include destination choice, spending habits, budgets, transport preferences and future intentions, all of which reveal a thriving and rapidly evolving travel landscape.

One of the most interesting findings is that budgets are no longer the top concern when choosing a holiday destination. The pull of attractions, scenery and rich cultural experiences are now stronger reasons for travel.

As if that wasn’t good news enough for the Travel and Tourism industry, the Study also showed that global travel budgets are set to increase. While global average budgets for travelers will increase by at least five percent, travelers from Asian markets are expected to increase their budgets by an average of 46 percent.

Amid the global economic uncertainty of the past four years, these findings hint at a welcome change in both the financial landscape and consumer mindset, suggesting either economic recovery or a growing aptitude for budget management. Both herald further good news for the health of international and national economies and will provide exciting opportunities for everyone involved in the Travel and Tourism industry globally.

Visa has long advocated that, as one of the world’s largest, most robust and democratic industries, Travel and Tourism has enormous potential to contribute towards stimulating economic growth, creating opportunity for wealth in both mature and emerging economies. In developing economies particularly, tourism provides a gateway to economic progress and electronic payments have played an important role by allowing countries to capture greater tourist spending and providing travelers with a form of exchange that is secure and convenient.

By identifying changes and developments that allow for a better understanding of the Travel and Tourism environment, the Study is part of Visa’s commitment to increase the collective level of information that the industry can use to make intelligent decisions – to benefit both the traveler and the industry at large. Cross-border understanding and co-ordination have never been more important for the Travel and Tourism industry, and Visa is committed to using the results of the Global Travel Intentions Study 2013 to help private and public partners understand and meet global demand, promoting growth across the industry.

For a summary of the results and for more detailed information on the Global Travel Intentions Study 2013, please visit this link.

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Posted by: Jag Mistry, Corporate Relations, Visa Inc. on April 24, 2013 at 10:45 pm

Dec 4, 2012

How To Make Your Travel Count in 2013

December 13 marks the symbolic arrival of this year’s one-billionth international tourist and, with the holiday travel season nearly upon us, the United Nations World Trade Organization (UNWTO) is running a campaign to showcase how each one of us can make a difference when traveling abroad.

The UNWTO ‘One Billion Tourists: One Billion Opportunities’ campaign aims to highlight how small changes in travel behavior can contribute to a positive change throughout the world. The UNWTO is asking the public to vote for some very simple travel tips they will commit to follow on their next trip – small changes that will make a real difference to the people and places they visit. These simple actions include using towels for more than a day, taking public transport and saving energy.

The tip that generates the most votes will form the crux of UNWTO’s “Thunderclap”campaign and will be announced on 13 December.

The benefits of cross-border tourism on global economic development are abundant, but sustaining growth is essential. As more and more of us undertake regular travel, be it for business or pleasure, it is vital that we take steps to ensure that the money we spend is used to benefit the local economies.Supporting the larger issues that affect the travel and tourism industry is important to us at Visa, and  we are committed to expanding the ways in which every single traveler can easily and effectively contribute to local communities.UNWTO Secretary-General Taleb Rifai confirmed the UN’s belief in the campaign saying, “Imagine the difference one tourist could make by adopting small changes, from using their towels for more than one day, to hiring a local guide or buying local products. Now imagine if these simple actions were multiplied by one billion; that is the power of one billion tourists. Every single person who has traveled in 2012, whether on holiday or business, is part of the one billion and can make a real difference.”So, how can you do your bit for the economy and make a difference in 2013? Vote now at www.1billiontourists.unwto.org and pledge to work together to promote sustainable tourism this coming year.

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Posted by: Jag Mistry, Corporate Relations, Visa Inc. on December 4, 2012 at 11:55 am

Aug 13, 2012

Postcards from London: U.S. Chip Cards Excel In Trials Around the City

Just in time to travel to the London 2012 Olympic Games, my new Visa EMV chip corporate credit card arrived in the mail.  This type of card was new to me,  so I put it to the test in London, where this technology is more commonplace.  One place I tested it out was Upper Playground, a cool store in London’s Soho neighborhood that features the work of local artists.

 

 

Making purchases was quick and simple. The main difference was that instead of swiping my card, I inserted it in the terminal.  Then I simply signed for my purchase, just as I normally would in the U.S.

Other American travelers at the Olympics this year are likely to have been carrying their new chip cards with them, too.  That’s because last year, Visa announced plans to accelerate the migration to chip technology in the U.S.  Since that time, U.S. financial institutions have reported issuing an estimated 1.5 million chip cards as of June 30, 2012, and we are continuing to see positive momentum as the industry moves toward more broad-based adoption of this technology.

Why is chip coming to the U.S. now?  EMV contact and contactless technology will help lay the foundation for NFC-based mobile payments, which we expect to take-off in the coming years.  Chip also provides an added layer of security to transactions and enhanced acceptance for Americans traveling abroad.

Being at the center of innovation is nothing new for Visa.  Bringing chip to the U.S. is another way that we are paving the way forward.

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Posted by: Lucas Mast, Visa Corporate Relations on August 13, 2012 at 11:45 am

Aug 8, 2012

Postcard from London: Excited Olympic Travelers from Around the World

The spirit of the London 2012 Olympic Games is alive and well!  The sun is shining,  the fans are cheering and the athletes are realizing their dream of competing on behalf of their country.

We wanted to capture some of that excitement, so we set out on the streets of London to talk to Visa cardholders from around the world.  We asked them to share their thoughts about the Olympic Games,  supporting their countries and athletes, shopping and their overall experience using their Visa cards.

We also took a minute to demonstrate the Olympics-themed Visa payWave application showcased on the new Samsung S III, giving them a glimpse into the future of mobile payments.

Thanks to the fans for making this video possible!





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Posted by: Lucas Mast, Visa Corporate Relations on August 8, 2012 at 5:45 pm

May 22, 2012

Industry Insights: Ken Paterson, Mercator – Part 2

Following our last video post with Ken Paterson, VP of Research Operations at Mercator Advisory Group, in which he discussed payment solutions for emerging markets, we now bring you the second part from our meeting with him. In today’s video, Ken discusses the importance of consumer education around electronic payments as a means to build trust in developing markets. Ken has over 25 years of experience in financial services market research, and his payments-related expertise ranges from product development and positioning to assessment of international payment system opportunities. For more information about how Visa is approaching financial inclusion in emerging markets, click here.

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Posted by: Erika White, Visa Corporate Relations on May 22, 2012 at 9:20 am

May 17, 2012

Industry Insights: Ken Paterson, Mercator – Part 1

Visa met with Ken Paterson, VP of Research Operations at Mercator Advisory Group, to discuss his perspective on payment initiatives in emerging markets. Ken has over 25 years of experience in financial services market research, and his payments-related expertise ranges from product development and positioning to assessment of international payment system opportunities. In this video, Ken comments on potential payments solutions for developing markets, in particular mobile payments and prepaid programs. For more information on Visa’s initiatives in emerging markets, please see our news about a partnership with Orange, which will offer consumers access to mobile prepaid accounts in African and Middle Eastern countries as well as other press releases.

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Posted by: Erika White, Visa Corporate Relations on May 17, 2012 at 2:01 pm

Apr 27, 2012

Visa reveals regional travel patterns at leading global industry events

What happens to a country’s tourism economy when they endure man-made or natural calamities? How are shifts in income levels and traveler preferences affecting global tourism patterns and what can countries do to understand these trends and build on their reputation to continue to attract tourism dollars?

Answers to these questions and more were discussed when Visa took part in two key global travel and tourism events last week as part of our ongoing commitment to contributing market intelligence and thought leadership to the global travel and tourism industry.  

 

Visa’s David Katz speaking to the panel moderator, Peter Greenberg

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Posted by: Jag Mistry, Corporate Relations, Visa Inc. on April 27, 2012 at 10:26 am