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Visa sees ‘massive’ digital acceleration with millions trying e-commerce for the first time

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The COVID-19 outbreak is bringing more people into the digital fray and providing a further tailwind to e-commerce growth.

In Latin America alone, 13 million Visa Inc.
V,
-1.16%

cardholders made e-commerce transactions for the first time ever during the March quarter, the company’s Chief Product Officer Jack Forestell told MarketWatch. That represented about two in 10 active Visa cardholders in the region.

“We’re seeing a massive acceleration toward e-commerce adoption,” Forestell said, as the pandemic serves as a catalyst for trends that were already budding in the payments industry.

The momentum isn’t limited to Latin…



Source marketwatch.com

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