Payment firm Visa inflation-adjusted spending (on its credit and debit cards)

  • +0.7% y/y In June
  • follows +0.9% y/y in May

Visa reported spending in shops and retail establishments grew more quickly than online for a second month in a row, the first time that has happened since 2012

Mark Antipof, chief commercial officer at Visa citing:

  • Heatwave
  • World Cup
  • led to particularly strong increases in spending in restaurants and bars

via Reuters

(not a GBP mover, but notable regardless for those watching UK developments)