Visa CFO Says Customers Are Still Spending

The video discusses spending trends, highlighting stable global spending across income levels. It notes a shift from goods to services post-pandemic, with travel and entertainment seeing significant recovery. US debit and credit trends show resilience, with digitization playing a key role. The video also covers retail swipe fees and ongoing regulatory discussions. Globally, economic stability is observed, with no significant slowdown except in areas with COVID restrictions.

What has been the trend in spending levels across different income groups?

• Spending has decreased significantly.

• Spending has remained stable and strong.

• Only high-income groups are spending more.

• Spending is declining in low-income groups.

How has the spending on services changed post-pandemic?

• There is no change in services spending.

• Services spending has returned to pre-pandemic levels.

• Goods spending has overtaken services permanently.

• Services spending has decreased.

What category has seen a massive recovery in recent months?

• Healthcare

• Electronics

• Travel

• Groceries

What is the primary reason for the resilience of debit usage?

• Higher credit card interest rates

• Government incentives for debit use

• More people using digital payments

• Increased cash usage

What is a major component of the fees retailers pay during transactions?

• Visa's service charge

• Interchange fees to issuing banks

• Merchant's profit margin

• Government tax

What is the current status of negotiations regarding swipe fees?

• Fees have been increased.

• Fees have been eliminated.

• Negotiations are ongoing with major retail groups.

• No negotiations are happening.

Where is consumer spending showing signs of impact due to COVID restrictions?

• Europe

• Africa

• United States

• Asia