Central Banking

Visa expects global slowdown to weigh on card use

CHINA - The worldwide growth in sales involving Visa credit cards is expected to slow next year in line with a global economic slowdown, Visa International Chief Executive Officer Malcolm Williamson said 3 September.

"We are seeing a slow down, no question about it," Williamson told reporters during a visit to China, while adding that Visa card use should still make some inroads into cash and check payments.

Williamson said combined global growth in purchases per card this year will be "a very

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