Srilanka, Feb. 10 -- Visa, the global leader in digital payments, announced that Visa saw a marked uptick in spending by both tourists and domestic consumers in Sri Lanka during the holiday season at the end of 2024.

Visa Consulting and Analytics, Visa's advisory arm, highlighted key findings of consumer spend patterns during this period that saw an increase in commerce across payment options and channels.

An analysis of end-of-year spends of 2023 and 2024 showcased 40 percent increase in cross-border card transactions in physical stores, with a clear preference for using debit cards, that witnessed almost 50 percent increase over last year. The more than 35 percent surge in domestic card spends over the previous year was anchored by ...