Visa reports significant growth in cashless payment volumes in the first quarter of 2025, indicating rising consumer confidence in the digital economy.
Increase in Payment Volumes
Visa's payment volume in the U.S. increased by 6%, and international payments rose by 9%. Notably, cross-border transactions, excluding intra-European operations, grew by 13% in constant dollars, reflecting broad global acceptance of digital transactions.
Rising Demand for Contactless Payments
Visa continues to benefit from the rapid shift towards contactless payments. Data shows that the total number of digital tokens and virtual payment methods rose by 7%, reaching 13.7 billion. This enables faster, more secure transactions.
Tokenization as a Key Trend
Tokenization is becoming a significant aspect of Visa's growth. The company reports that nearly 50% of all global e-commerce transactions are now tokenized. This adds a layer of security against fraud and data breaches, making digital payments safer and more convenient.
These figures reflect a growing interest in cashless and tokenized payments, affirming consumer confidence in the digital economy.
