10% growth for Visa in Europe

Multi-Purpose · 03:16 PM

It's still booming across the pond!

Use of credit cards and debit cards are remaining flat in the United States last year but in Europe Visa saw a 10.3% increase during that same time. The number of transactions went up 11% and the number of credit cards increased by 1.5% and debit cards increased by 7.1%

FT.com / Companies / Financial Services - Visa Europe sees spending rise

It doesn't look like increased spending so much as a switch over from cash to card payments.

Mogul of Pineapples · 06:35 PM

Europe has more growth because there are more markets to grow there. The region is made up of Westernized areas (which moved to card payments when the US did) and then the more developing areas (which are still cash based and currently transitioning cards).

That is why if you look at all of Europe as a whole you are seeing higher growth. I'm sure in the Westernized countries growth is slower, and in the developing countries, it's higher. That's why it's unfair to base it on an entire region.

Cucumber · 08:43 PM

Credit cards use will only go up! It's 2009 not 1909. Electronic card payments are the most convenient and safest way to spend and if you think everyone is using cards now wait and see in 10 years how many people use them!

debitcard guru · 06:45 PM

I know this is an old post. I just recently read debit card and cash use is up worldwide. In U.S. Visa claims debit usage has surpassed credit card use.

Cucumber · 04:45 PM

Quote:

Originally Posted by debitcard guru

I know this is an old post. I just recently read debit card and cash use is up worldwide. In U.S. Visa claims debit usage has surpassed credit card use.

Makes sense. I know I have been using my debit card more in '09. It's a good tool to monitor your spending since you only spend what you have.

03:16 PM	#1
Multi-Purpose Centurion Member Join Date: Apr 2008 Location: Somewhere in So Cal Posts: 106	10% growth for Visa in Europe It's still booming across the pond! Use of credit cards and debit cards are remaining flat in the United States last year but in Europe Visa saw a 10.3% increase during that same time. The number of transactions went up 11% and the number of credit cards increased by 1.5% and debit cards increased by 7.1% FT.com / Companies / Financial Services - Visa Europe sees spending rise It doesn't look like increased spending so much as a switch over from cash to card payments. __________________ Change will not come if we wait for some other person or some other time. We are the ones we've been waiting for. We are the change that we seek. -Barack Obama

06:35 PM	#2
Mogul of Pineapples Centurion Member Join Date: Jun 2008 Location: Where the smog from the 101 freeway coats my home's windows... Posts: 634	Europe has more growth because there are more markets to grow there. The region is made up of Westernized areas (which moved to card payments when the US did) and then the more developing areas (which are still cash based and currently transitioning cards). That is why if you look at all of Europe as a whole you are seeing higher growth. I'm sure in the Westernized countries growth is slower, and in the developing countries, it's higher. That's why it's unfair to base it on an entire region. __________________ “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.” -Warren Buffett Current Cards: American Express: Blue Cash, Simply Cash Bank of America: Visa Financial Rewards Platinum Plus Chase: Rewards Visa, Amazon Visa Discover: More Current Everyday Card: American Express Blue Cash

08:43 PM	#3
Cucumber Centurion Member Join Date: Apr 2008 Location: Zuma Posts: 456	Credit cards use will only go up! It's 2009 not 1909. Electronic card payments are the most convenient and safest way to spend and if you think everyone is using cards now wait and see in 10 years how many people use them! __________________ OBAMA Stop talking crap about him and give him a chance!

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06:45 PM	#4
debitcard guru Green Member Join Date: Jun 2009 Location: Indiana Posts: 17	I know this is an old post. I just recently read debit card and cash use is up worldwide. In U.S. Visa claims debit usage has surpassed credit card use.