Viewpoints

Visa’s Blog – Visa Viewpoints

PERSPECTIVES ON DIGITAL CURRENCY

Mar 20, 2013

China

Japan, China and Africa took big travel strides in 2012

Bags were packed. Tourists donned their favorite travel attire. And Visa account holders traipsed across the globe in 2012. While tourism spending growth on Visa accounts slowed slightly compared to 2011, travelers from Brazil, Canada, Mexico and the United States were still stretching their travel legs and spending along the way.

Roaming the world – People traveling to Brazil, Canada, Mexico and the United States spent $57 billion on their Visa accounts–a six percent spend increase in these countries compared to 2011.

China continues to jet to the U.S. – Visa account holders from China had their sights set on the U.S. as they moved into the top three contributors to U.S. inbound tourism. Chinese Visa account holders increased spending by almost 30 percent in 2012 – knocking the United Kingdom out of the top three for the first time since 2009.

Seeking adventure in Japan – Visa account holders from the United States, Mexico, Brazil and Canada showed an increased interest Japan – increasing travel spend in the country by an average of 25 percent, spending $948 million in 2012.

For more information about the 2012 Travel Snapshots, visit our Tourism Media Kit. For information about traveling with your Visa card, visit visa.com/travel.

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Posted by: Lucas Mast, Visa Corporate Relations on March 20, 2013 at 5:29 am

Jun 21, 2012

Visa at Mobile Asia Expo

All eyes are on Shanghai this week as they host the Mobile Asia Expo, where Visa is showcasing the latest in mobile payments technology. The conference marks a milestone for the GSMA in hosting a tradeshow of this scale in China, where more than 200 mobile technology companies are participating alongside Visa and the organizers expect more than 20,000 attendees by the end of the three day event.

Visa understands consumers everywhere have a distinctive relationship with their mobile device where it has become an extension of themselves whether they’re at work or at play – and they’re looking for a more interactive relationship with that device. It’s not difficult to envision a future where payments can be made with a wave or tap of the mobile phone; one where shoppers would be able to purchase items at their favorite store on-the-go with their mobile phones.

On day one of the conference, I spoke alongside senior executives from mobile technology firms about the current state of Near Field Communication (NFC) technology. NFC is increasingly being adopted by payment networks, banks, merchants, mobile device manufacturers and mobile network operators as the global standard for mobile payments, and has enormous potential for both consumers and businesses.

Visa is commercially ready to support mobile operators and financial institutions with the roll-out of NFC-based payment systems. We have moved the technology from pilot to commercial readiness and are optimistic that consumers will embrace NFC-enabled mobile payments this year.  A complex ecosystem is required to enable contactless payments, and Visa is working closely with merchants, acquirers, issuers and mass transit operators to increase acceptance of NFC payments at the point-of-sale.

At our booth in the Shanghai New International Expo Centre Hall N2, H10, Visa is showcasing the latest mobile payments technology, including demonstrations of Visa Mobile Contactless, Visa Mobile Prepaid, as well as Visa Person-to-Person Transfers.

Follow our live updates (in Mandarin) on Sina Weibo at http://e.weibo.com/visachina.

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Posted by: Niki Manby, Head of Emerging Products, Asia Pacific, Central Europe, Middle East & Africa, Visa on June 21, 2012 at 11:06 am

Sep 15, 2010

Update from Elizabeth Buse: Dispatch from the World Economic Forum

Greetings from the World Economic Forum in Tianjin, China!

This week’s conference was a fascinating and enriching experience for me, as I engaged with technology leaders, business partners, government officials, media and other influencers from around the world to highlight the benefits of digital currency for consumers, merchants, governments and economies worldwide.

Without question, the goals of the World Economic Forum and Visa are strongly aligned, as both organizations seek to promote social development and economic inclusion globally. In fact, on Monday, I participated in a panel discussion which specifically looked at the importance of aligning commercial and societal objectives when seeking to do business in emerging and “frontier” markets around the world.  In short, I made the point that we all need to seek to understand what governments are trying to do, assess the local situation and be prepared to adapt our business strategy accordingly. For those of you who are interested, a webcast of the panel discussion is available.

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Posted by: Elizabeth Buse, Visa Group President, Asia Pacific, Central Europe, Middle East & Africa on September 15, 2010 at 12:29 pm