Visa's Retail Spend Monitor Unveils Strong Holiday Spending Growth

Visa Inc. (V) recently unveiled its inaugural Retail Spend Monitor, an initiative by Visa Consulting & Analytics (VCA). The report reveals 4.8% year-over-year growth in U.S. holiday retail spending across all payment methods, signaling strong consumer confidence and adaptability in the market.This report highlights a resurgence in in-store shopping, accounting for 77% of payment volume, with retail sales growing 4.1% in physical locations compared with 1.6% the previous year. Meanwhile, online shopping cont ...