Visa's total transactions across all payment cards in
"The Kingdom registered a record overall growth of 43 percent in e-commerce in Q1 2014 compared to the same period last year, making it the highest growth rate in the MENA region," he told
It is against this background that Visa launched a month-long risk awareness campaign for consumers in
The campaign is designed to highlight Visa's security and fraud prevention initiatives and educate consumers on how they can protect themselves when using electronic payment cards at all points of sale, including both online and offline transactions, he added.
These are highlights of the interview:
What is Visa's month-long risk awareness campaign for consumers in
Visa launched a month-long risk awareness campaign for consumers in
How does Visa support electronic payments trend in the Kingdom?
Visa is supporting the electronic payments trend by aggressively leading educational and brand building programs, including efforts to open Debit BINs (Bank Identification Number) for online transactions. Earlier this year, Visa announced the launch of a month-long risk awareness campaign for consumers in the Kingdom. The campaign is designed to highlight Visa's security and fraud prevention initiatives and educate consumers on how they can protect themselves when using electronic payment cards at all points of sale, including both online and offline transactions.
Visa is committed to empowering customers with the right tools. Which are they?
Given the growing reliance of electronic payments in the Kingdom, Visa is committed to empowering customers with knowledge about our products so that they can use their Visa cards with confidence, anytime, anywhere.
Visa has been developing financial literacy programs that teach individuals how to spend, save and budget responsibly. The first program was launched in 1995 then spread globally in 1996. In 2009, Visa pledged to reach 20 million people through financial literacy education by 2013. Today, Visa's global financial literacy initiative is localized across more than 30 countries. Visa's Practical Money Skills for Life program is an award-winning website that is aimed at helping consumers manage their money through all stages of life. In the
What is the extent of growth in Visa's card transaction volume in the Kingdom?
The total number of Visa cards in circulation across
What is the total number of Visa cards in circulation in
The market for payment cards, including credit and debit cards in the
An increasing number of banks in the Kingdom have been introducing payment cards targeting specific segments of the market, including women, Shariah-compliant cards and those aimed at frequent travelers. How is Visa coping with such trends?
Visa has a range of products that are flexible and diversified by nature. As a result, our payment platform can run all of these programs without any intervention on our part. In fact, Visa is well-equipped to manage more complicated products such as SME and multicurrency cards as well.
What are key features of the Visa Everywhere Travel Report for the 2014 FIFA World Cup Brazil?
Visa released the Visa Everywhere Travel Report for the 2014 FIFA World Cup Brazil earlier in June, which analyzes travel data and cross border spend on all Visa products, including credit, debit and prepaid payment cards.
During the four-day opening period of the tournament (
The global attraction of the FIFA World Cup, and growing confidence and understanding of the convenience of electronic payment platforms has combined to see the enormous increase in card usage from the GCC region. The GCC spending was part of a total spending of
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