News
Experts predicting record online spending in Ireland
Visa Ireland says that internet spending across the country is expected to hit 420 million between now and Christmas.
Visa Ireland says the average Irishman or woman will be parting with 227 million online in the run-up to Christmas as they look to purchase gifts for their friends and family.
Furthermore, Monday December 10th is expected to be the day where people spend the most, with internet retailers expecting a record Christmas for expenditure.
Conor Langford, vice-president of Visa Ireland, explained that Visa expects half of its transactions to be made through a mobile phone by 2020.
"This Christmas we expect a new record to be set, thanks to a combination of a continued rise in internet usage, an improvement in consumer sentiment and the security features associated with Visa cards," he explained.
Meanwhile, small firms also look likely to benefit in Dublin if plans for a new shopping centre get the go-ahead in the coming months.
Posted by Emily Smith
Date published 18 Feb 2013 | Last updated 26 Nov 2012
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