Tourists' card-use jumps in Asia-Pacific

Tourists' card-use jumps in Asia-Pacific
Tags: Debit / Credit, Other, Transaction Processing
December 8, 2005

eyefortravel.com: Visa Asia Pacific found that tourists to the Asia-Pacific region spent U.S. $5.7 billion on their Visa cards in the third quarter of this year. The figure represents a 19 percent increase from the same period in 2004. According to Visa's findings, tourists from the United States, United Kingdom, Japan, Australia and Hong Kong were the biggest spenders, accounting for 54 percent of total Visa spending in the Asia-Pacific region between July 2005 and September 2005. During that same period, international cardholders also withdrew $1.3 billion from their accounts at ATMs and through cash-back debit transactions.