Mega Monday Defies Recession Visa Europe Predicts The ...

Posted by tvcgroup on Nov. 30, 2009

Today, Visa Europe predict that in spite of the recession Brits will still spend over £175 million on Visa cards on what is now known as ‘Mega Monday’ – the busiest online shopping day of the year.Over the course of the day, approximately £122,330 will be spent on Visa cards every minute with more than £100 million spent on debit cards. This equates to almost 2.4 million transactions on 30th November alone. The busiest period for online sales predicted to be around lunchtime with another peak around 7pm.For the previous two years, the busiest online shopping day has always been the Monday closest to the start of December and this year it falls on 30th November. Part of this trend is that customers will go online to see if they can find a better deal on an item seen in a shop.Last year, 1st December was the busiest day in the UK for online sales with over £141 million spent – a year on year growth of 34% versus 2007. This year, the growth is expected to be approximately 25%. Visa bases its ... Distribut

Categories Pop Culture

Tags shopping, christmas, online, europe, monday, mega, deal, shipping, visa, recession, eretail

More Details »