MAM

Visa Asia Pacific reports exponential growth in international online spending

MUMBAI: Online spending by Visa cardholders' at e-commerce merchants outside their home countries for the three months ended September exceeded $377 million, representing 71 per cent growth over the same period in 2004.

Visa Asia Pacific said that the number of international online Visa card transactions also increased from 1.9 million in the third quarter of 2004 to more than 3.6 million for the same period in 2005, a 94 per cent year-on-year gain.

 

Visa cardholders from the US, UK, Japan, New Zealand and Australia were the top international online spenders. These markets contributed 58 per cent to the total Visa card international online spending in Asia Pacific, or approximately $220 million.

Singapore, Hong Kong, Thailand and the Philippines all saw growth of over 100 per cent when compared with the same quarter in 2004.

 

 

When shopping at online merchants outside their home countries, Visa cardholders spent most on:

Transport - about $109 million, an increase of 79 per cent year on year.

Retail and trade - at about $103 million, a 90 per cent increase.

Professional and commercial services - at about $63 million, an increase of 18 per cent.

Education - at about $26 million, up 50 per cent

And, sports and leisure -at about $24 million, an increase of 83 per cent.

Visa Asia Pacific executive vice president and general manager product group Philip Yen said, “The rise in online shopping throughout Asia Pacific is part of a wider global trend that has seen online sales increase dramatically over the past few years. These figures demonstrate that the online environment makes it extremely easy for consumers to purchase goods and services while traveling or to shop overseas without leaving their homes.”

“Consumers and merchants are both contributing to this growth. For the consumers, the convenience and security that online shopping provides combined with their increasingly pressing need to manage time efficiently are the driving factors. For merchants, their recognition of the ease and speed that the online channel brings to their businesses contributes strongly to the rise in the number of online shops. Visa expects to see these figures continue to grow well into 2006 and beyond,” added Yen.

 

 

With internet shopping increasing in popularity, it is more important than ever for consumers to protect themselves against online card fraud. As part of an initiative to combat fraud, Visa is urging online shoppers to protect themselves by signing up for 'Verified by Visa'.

'Verified by Visa' is an easy-to-use password protected service that verifies a cardholder's identity during an online transaction. It helps to provide consumers and retailers with the same level of confidence as enjoyed in a face-to-face transaction. A free service to the cardholder, 'Verified by Visa' provides proof that a genuine cardholder and a genuine Visa retailer are taking part in the transaction.

To protect themselves further, Visa provides some online shopping tips for cardholders:

Use a secure web browser – look for an ‘s’ after the ‘http’ in the web page address or URL.

Keep your passwords secret as you would your PIN for ATM transactions.

Protect your card details – provide details only when making purchases.

Never send payment information via email. Most reputable merchant sites use encryption technologies that protect private data.

Keep a record of the transaction.

Review your monthly account statement thoroughly. Check all transactions, even the small ones, because criminals ‘test’ stolen accounts by buying inexpensive items first.

Promptly notify your financial institution of any suspicious transaction or email.

Compare products and prices between shops for the best price and quality.

Check delivery and return policies.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/23/vivo-ipl17.jpg?itok=iNCfLrxt
Hot match ke liye hamesha Taiyaar Reh!

MUMBAI: Hotstar, India's leading video-on-demand platform has launched its Vivo IPL 2017 commercial, a clarion call to get ready for the most avidly watched cricket tournament of the year. Hotstar, which is the exclusive digital streaming partner for Vivo IPL, has kicked off its campaign with a 60...

MAM Media and Advertising Ad Campaigns
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/23/fastrack2.jpg?itok=arKksj7y
Fastrack signs multi-year partnership with The Music Run

MUMBAI: Fastrack, an iconic youth accessories brand, has extended its association as the Presenting sponsor of The Music Run™, the fastest growing event in the mass running and entertainment space globally.

MAM Marketing Brands
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/23/MIB800.jpg?itok=RHZfbqeL
Audo-visual, electronic media greatest beneficiary of Govt ads in 2016-17

NEW DELHI: A sum of Rs 5.0983 billion was spent on government advertisements through the audio video and electronic media.

MAM Media and Advertising Media Agencies
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/23/Ranveer_Singh-DurexIndia.jpg?itok=-tVA_evR
Ranveer Singh continues Durex association with denims

MUNBAI: Bollywood superstar Ranveer Singh reinforced his association with Reckitt Benckiser’s condom brand Durex. The actor has now decided to endorse the rubber maker’s new denim product line - denims. Singh tweeted about the announcement today along with a teaser video from his official handle @...

MAM Media and Advertising Ad Campaigns
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/22/Ministry_Ayush-ASCI.jpg?itok=pyr8Xpnq
Over 250 complaints of misleading ads about AYUSH products since Jan 2015

NEW DELHI: The Advertising Standards Council of India (ASCI) referred 263 complaints of allegedly AYUSH products related advertisements to the Consumer Affairs Ministry since January 2015, including seven advertisements of herbal medicines in 2016.

MAM Media and Advertising Media Agencies
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/22/Woodland-800x800_0.jpg?itok=v8zCy5jP
Season 2 of Woodland's #AgainstAllOdds digital campaign returns

Mumbai: The second season Footwear and apparel and apparel accessories brand Woodland’s #AgainstAllOdds digital campaign is back with highlighting the stories of people who are pursuing offbeat adventure sports in spite of severe obstacles.

MAM Marketing Brands
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/21/Santoor-Femina_1.jpg?itok=t-ppxUD8
Manipal girl Ashna Gurav wins the Santoor Femina Style Diva South 2017

Bangalore : The winners of this year’s Santoor Femina Style Diva South were declared at a glittering ceremony attended by who’s who of the Hindi and Kannada film industry. The evening witnessed 14 gorgeous girls take over the stage at the 5th edition of Santoor Femina Style Diva South 2017 powered...

MAM Marketing MAM
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/21/BARC_0.jpg?itok=qmHu_GyY
Four brands enter the most advertised brands list in week 10 of 2017

BENGALURU: Four brands entered the list of top 10 brands in terms of television ad insertions for week 10 (Saturday, 4 March 2017 to Friday, 10 March 2017) of 2017. The new brands to enter the list of most the 10 advertised brands per week on television in week 10 were: One brand from the phone/...

MAM Marketing Brands
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/21/Jio-Airtel.jpg?itok=AC2HS5x9
Jio takes Airtel to ASCI over network speed ad

NEW DELHI: The telecom war between Reliance Jio and other telecom service providers took a new turn when a complaint was lodged with the Advertising Standards Council of India (ASCI) against broadband tester Ookla's network speed test that said Bharti Airtel has the fastest network speed.

MAM Marketing MAM

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories