Rob Cameron’s Post

Consumer habits play a significant role in driving the economy. Their spending patterns, preferences, and choices directly impact businesses, industries, and the overall economic landscape. Understanding consumer habits is crucial for businesses to adapt their strategies, products, and services to meet the evolving demands of the market. Consumer spending is a major component of aggregate demand, which is the total demand for goods and services in an economy. When consumers spend more, it signals to businesses that there is a high demand for their products, leading to increased production, employment, and economic growth. Conversely, when consumer spending declines, businesses may cut back on production, leading to job losses and slower economic growth.

Visa Introduces Subscription Manager to Simplify Recurring Payments for Cardholders. Visa has launched a new service called Subscription Manager, designed to help financial institutions provide Visa cardholders with a convenient way to track and manage their subscriptions. This service allows users to see where their card details are stored, view recurring payments attributed to their card, and stop unwanted recurring payments. The goal is to simplify the process of managing subscriptions, which can often be confusing due to different platforms' unique terms and conditions. The global subscription market is growing rapidly and is expected to reach $406 billion by 2025. As more consumers subscribe to services in sectors like retail and food, managing these payments has become increasingly challenging. Visa's Subscription Manager aims to address this issue by streamlining key aspects of recurring payments in one place. Leila Serhan, Senior Vice President and Group Country Manager for North Africa, Levant, and Pakistan, emphasized the importance of making the subscription management process simpler and ensuring cardholders know exactly where their money is going. The service is part of Visa's Digital Enablement product suite, which includes tools and solutions to enhance digital experiences for cardholders.  #Visa #SubscriptionManager #FinancialServices #DigitalEnablement #RecurringPayments #SubscriptionTracking #ConsumerConvenience

Subscription is meant to give the consumer the freedom to take decision on when and how to pay. When mismanaged it becomes a painpoint to the consumer. We keep this in mind when creating VAS products

Visa and TBC have joined forces to launch Visa's international payment platform, Visa Direct, in Georgia. The cooperation agreement was signed by TBC General Director Vakhtang Butskhrikidze and Ivan Ponomarov, the Head of Visa VDA for the Central Europe, Middle East, and Africa (CEMEA) region. This new platform will enable TBC customers to conduct international payments more quickly and efficiently. Users will have the capability to transfer funds, make payments, and receive money through the world's leading electronic wallets and mobile services. The collaboration between TBC and Visa is part of a long-term strategic partnership that has already seen the implementation of numerous innovative projects and initiatives aimed at streamlining banking operations and fostering business development. Source:https://lnkd.in/ekFAKv-N #payments #paymentservices #digitalpayments #onlinepayments #financialtechnology #financialservices #partnerships

Ready to revolutionize your business payments? Dive into the world of Visa Direct®, a groundbreaking payment platform by Visa. 💳 ✅ Tech Innovation: Visa Direct® is more than just a payment solution. It's transforming fund transfers, putting an end to slow transactions. ✅ Accelerate Transfers: Imagine transferring funds to cards and bank accounts worldwide, at a fraction of the speed of clunky bank wires. With Visa Direct®, it's not just a dream; it's a reality for businesses in Canada and beyond. ✅ Massive Reach: With 7.5 billion transactions in 2023 alone, Visa Direct® offers unparalleled reach and reliability, making it a top choice for businesses. ✅ Easy Integration: Worried about complexities? Don't be. Integrating Visa Direct® into your existing systems is smooth and secure. Read our latest blog to uncover more about the wonders of Visa Direct® and how it can elevate your business payments. 🔗 Explore here: https://hubs.li/Q02jHVq-0 #VisaDirect #PaymentInnovation #BusinessStrategy #Finance #PaymentSolutions #CanadianBusiness

🔔 Visa Aims to Capture Gen Z Loyalty with Value-Added Services 🔔 Visa 💳 is boosting its value-added services (VAS) to help banks attract Gen Z customers 📱. These services, which now make up 25% of Visa's $8.8 billion quarterly sales 📈, aim to enhance transaction protection, analysis, and optimization 🔒🔍. Antony Cahill, Visa's EVP, highlights that a third of VAS helps clients address payment challenges 💼, while the rest opens new revenue opportunities 💰. Visa focuses on digital-first banking to meet Gen Z's expectations 🌐, integrating various payment methods seamlessly 🔄. Their strategy includes cloud-based solutions ☁ and acquisitions like Pismo, enhancing global capabilities 🌍. As Visa evolves, it balances in-house development 🏗 with strategic acquisitions to stay competitive 🚀. #GenZ #Banking #FinTech #DigitalFirst #Visa #ValueAddedServices #Payments #CustomerExperience #Innovation #FinancialServices 💳💼🌐 Source: PYMNTS

Visa Aims to Capture Gen Z Loyalty with Value-Added Services (VAS). #GenZ #Banking #FinTech #DigitalFirst #Visa #ValueAddedServices #Payments #CustomerExperience #Innovation #FinancialServices.

DID YOU KNOW? Did you know that 74% of US travelers now use digital wallets on their trips? That's what a Visa report says! Visa has introduced a new digital emergency card replacement service to make travel stress-free. If you lose your card while traveling, you can request a new digital card to be sent directly to your digital wallet for authentication. Kathleen Pierce-Gilmore, the global head of issuing solutions at Visa, says, "Losing a card on vacation is stressful. Our new service offers instant, secure access to funds and helps issuers provide excellent customer service." #highriskbusiness #casino #latestupdate #paymentprocessing #highriskprocessing #news #creditcardprocessing #creditcardpayments

🚨 ICYMI: Visa Direct's Weekly Recap for 03/22/24 🚨 Thunes has expanded its strategic collaboration with Visa 🤝 This partnership with Visa Direct enables real-time transactions for consumers and businesses globally and creates new endpoints in key markets across Asia and Africa for digital payments, offering speed, convenience, and security. Read the full announcement here: https://vi.sa/4aolmi5 Remittances are more than money — they’re a lifeline 💪 Real-time, cross-border remittances can improve the lives of senders and receivers. Read more about Visa Direct and remittances here: https://vi.sa/4aGNcXh Frequent Flyers: The Microtisation of Remittances 🌎 The global remittance market is almost $800 Billion in size – so what’s driving remittance volume in APAC and what are the latest trends happening within the region and broader cross-border money movement? On the Money Travels podcast we discuss remittance trends and consumer expectations in Asia Pacific. Watch the full episode here: https://vi.sa/4aoseMt #VisaDirect #MoneyMovement #RealtimePayments

Visa launched Subscription Manager, a service that allows Visa cardholders to easily track their subscriptions. This service helps consumers see where their card details are stored, view recurring payments, and stop them if needed. Key Highlights: 📌Market Growth: The global subscription market is projected to reach $406B by 2025. 📌Consumer Benefits: Subscription Manager streamlines recurring payments, preventing unnoticed charges even after cancellations. 📌Digital Shift: A Visa report shows 63% of consumers are comfortable with an all-digital money future, with over half adopting mobile wallets recently. Salima Gutieva, VP and Country Manager for Visa UAE, emphasized the importance of transparency and control in the subscription economy. Subscription Manager supports Visa’s mandate for merchants to obtain consent after free trials before billing. #SubscriptionManagement #DigitalPayments #Visa Read more at: https://lnkd.in/dqEFyf6M