Visa card spending in Asia-Pacific tops 1 trln USD

13:50, June 09, 2010      

Email | Print | Subscribe | Comments | Forum 

Global payments service company Visa said here on Wednesday that the total volume generated on all Visa cards across Asia-Pacific reached more than 1 trillion U.S. dollars for the 12 months that ended on March 31, 2010.

This is an increase of 13.2 percent over the same period last year, calculated on a constant dollar basis, Visa said in a statement.

The number of payment transactions rose to 9.8 billion, up from 8.6 billion a year ago, as the trend of consumers moving from using cash and checks to electronic forms of payment continued.

Elizabeth Buse, Group Executive, International, Visa Inc. said the strong growth in total volume and transaction volume were positive signs that businesses and consumers in Asia-Pacific are spending more.

"Beyond volume growth, the increasing number of transactions across the region reflects the global trend of an increasing proportion of transactions taking place using electronic forms at the cost of cash and paper payments. This trend makes it critical that infrastructure in both developed and developing economies can support the demand of business and consumers domestically and internationally."

Source:Xinhua

(Editor:黄蓓蓓)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Giant red lantern lights up in Tiananmen Square to celebrate the coming National Day on Oct. 1. (Xinhua/Li Xin)
  • A ceremony is held in Taipei, southeast China's Taiwan, on Sept. 28, 2011, to commemorate the 2,562nd birthday of Confucius (551-479 BC), a Chinese thinker, educationist and philosopher. (Xinhua/Wu Ching-teng)
  • The world's first Boeing 787 Dreamliner for delivery arrives at Haneda airport in Tokyo, capital of Japan, on Sept. 28, 2011. The Boeing 787 Dreamliner, whose buyer is All Nippon Airways (ANA), will implement a flight of ANA on Oct. 26 from Tokyo's Narita Airport to Hong Kong in south China. (Xinhua/Ji Chunpeng)
  • A Libyan National Transitional Council (NTC) fighter shows what is believed to be human jawbone found inside a mass grave near Abu Salim prison in Tripoli, Libya, Spet. 27, 2011. The NTC on Sunday said they had found a mass grave containing the bodies of 1,270 people killed by Gaddafi's security forces in a 1996 massacre at Abu Salim prison in southern Tripoli. (Xinhua/Li Muzi)
  • Rescue workers and local residents search for survivors after a building collapsed in old Delhi, India, Sept. 27, 2011. At least 10 people were killed and 35 injured when an old three-storey building collapsed. More than a dozen people are still feared trapped under the debris, police said. (Xinhua/Partha Sarkar)
  • A visitor has flying experience in the windmill castle of Jinshitan National Holiday resort in Dalian, northeast China's Liaoning Province, Sept. 27, 2011. The castle is a 23-meter-high building with 21 meters in diameter. The castle uses wind tunnel to make objects floating in the air. It is the first indoor stadium in China, which enables people to have flying experience. (Xinhua/Zhang Chunlei)
Hot Forum Discussion