Sri Lanka, Feb. 5 -- Surge in card transactions by tourists was driven largely by in-store use of debit cards
Domestic debit spends grew by 45% while cross-border debit spends grew by almost 30%
Domestic cardholders in Sri Lanka spent 35%+ more than in 2023 Holiday Season, buoyed by increasing penetration of contactless payments
Visa (NYSE: V), the global leader in digital payments, today 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 & Analytics (VCA), 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 ana...