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    News in brief

    Visa mobile spend heads for 50%

    News in brief

    Over half the spending put through Visa in Europe in 2020 will be via a mobile device, predicts the payments company. The forecast is based on new figures which show spend on Visa cards in Europe grew 14% in 2011, totaling €1.16 trillion, meaning that €1 in every €7 of consumer spending in Europe is on a Visa card. Almost 80% of that is on debit cards.

    Filed by Email Joe Davies Published • Last updated 24 January 2012, 14:55

    • Frans Stander

      It would be interesting to see some predictions by Visa for the African regions, as Visa is currently embarking on some major mobile ventures into Africa. Certain African countries already exceed the 50% spending on mobile devices.

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