In light of Cyclone Alfred’s development in Queensland and Northern NSW, we have made the decision to postpone the forthcoming Visa event until further notice. We appreciate your understanding and will work on rescheduling soon. Asia Pacific is set for another year of uncertainty and change in 2025. Complex supply chains, already a big driver […]
Tag: visa
Australian Consumer Spending Holds onto Gains, Starts 2025 in Expansion Territory
After a weak year overall for Australian consumer spending, Visa’s Australia Spending Momentum Index (SMI) remained in expansion territory at 100.7 in January. The reading’s relative consistency with the previous month, which included strong holiday sales, bodes well for a sustained recovery. Spending momentum improved in all states and territories except for the Australian Capital […]
Read More… from Australian Consumer Spending Holds onto Gains, Starts 2025 in Expansion Territory
Retail merchants of all sizes across all regions of the world adapted to the pandemic by moving more of their sales online
Last year as millions sheltered at home, e-commerce proved crucial to keeping retail sales flowing. Now, as outbreaks begin to subside and mobility returns, e-commerce’s share of total sales has fallen from its 2020 peak, raising questions about the lasting impact of the abrupt shift to e-commerce. Transaction data offer two reasons for optimism that the accelerated uptake in online selling will persist even after the pandemic. […]
