Visa (V) released its annual Retail Spend Monitor from Visa Consulting & Analytics. As per preliminary data, overall holiday retail spending increased 4.2% year over year across all payment types. The figures were not adjusted for inflation. As per the report, 73% of holiday payment volume was in physical stores while 27% of retail spend happened online. Online retail spending rose 7.8%.
The VCA Retail Spend Monitor analyzes retail sales activity over a seven-week period beginning November 1, using a subset of Visa payments network data in the U.S. and survey-based estimates for other payment methods.
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