THE E-COMMERCE REVOLUTION

A humble online pizza order in 1994 has morphed into a $500 billion industry today. Shopping online has become an increasingly important way for consumers, particularly in the Asia Pacific, to shop for everything from groceries to cars with approximately 29 million online transactions happening every day. View the video to see how e-commerce has evolved over the past 20 years.

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VISA INTRODUCES VISA CHECKOUT TO SIMPLIFY ONLINE SHOPPING ON ANY DEVICE

Visa has today announced the launch of Visa Checkout, a quick and easy payment service that enables Australian consumers to pay for goods online, on any device, in just a few clicks.

With 92% of Australians shopping online according to “The Future of Payments” report by Visa, and 37% abandoning an online shopping purchase after finding the experience too difficult, Visa Checkout removes the frustration from the large amounts of detail usually required to make a purchase online.

The new service helps consumers pay, and merchants accept payments, simply and easily. Enrolling in Visa Checkout is intuitive and simple, and shoppers can use any Visa debit or credit card or even other major payment cards to make purchases from a PC, mobile device or within a mobile app.

Once enrolled, shoppers provide their username and password to complete the payment process -without ever having to leave the merchant’s website. This solution replaces the need to fill in lengthy address and payment screens, which have traditionally been the reason people have walked away from an online purchase.

Event Cinemas is the first merchant in Australia to offer Visa Checkout. Other merchants accepting Visa Checkout through their eCommerce and mobile sites are scheduled to follow soon.

Visa Checkout replaces the V.me by Visa service, which was first introduced in Australia in late 2013.

Consumers can sign up for Visa Checkout at any time through a participating bank, or merchant checkout page or directly at www.visacheckout.com.au. For a video on the new Visa Checkout service click here.

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THE FUTURE OF BANKING AND FINANCIAL SERVICES CONFERENCE

George Lawson, Visa Senior Director Emerging Products and Innovation, recently spoke at FST Media’s Technology & Innovation – the Future of Banking and Financial Services conference in Melbourne. George talked about Visa’s innovation focus and the changing ways consumers are choosing to make purchases.

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Australian visitors to Brazil spent $6.4 million during the FIFA World Cup Group Stage.

TOURIST SPEND IN FIFA WORLD CUP GROUP STAGE

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MONEY SMART WEEK AMBASSADOR COMPETITION

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