Skip to main content

Contactless Technology Powers Fifty Percent of Purchases at 2018 FIFA World Cup Russia™

Visa, the Official Payment Services Partner of FIFA, today released an analysis of spending inside the 2018 FIFA World Cup Russia™ stadiums from the opening match on June 14 through the semi-finals on July 11. The data highlights the increased consumer adoption of innovative payment technology, as fifty percent of purchases with Visa in tournament venues utilized contactless transactions, including cards, mobile devices and wearables.
Commemorative card released by Visa
Visa cardholders on average spent 1,408 rubles (approximately $23.00) per transaction inside the stadiums throughout the tournament, with fans from Russia spending the most, followed by the United States and Mexico, respectively. The largest average individual purchases were seen on in-stadium merchandise (4,200 rubles; approximately $68.00), Fan Fest merchandise (3,300 rubles; approximately $53.00) and in-stadium food and beverage (800 rubles; approximately $13.00).
Commemorative payment ring released by Visa
“Visa’s sponsorships enable us to showcase the latest in payment innovation on a global stage,” said Lynne Biggar, chief marketing and communications officer, Visa Inc. “Visa cardholder spending data during the FIFA World Cup™ illustrates the growth of contactless payments in Russia and fans’ reliance on quick and secure payments so that they can spend less time in line and more time focused on the pitch.”
Commemorative payment band released by Visa
Of the 62 matches played at the 2018 FIFA World Cup Russia™ until the semi finals, the opening match between the host nation and Saudi Arabia at Luzhniki Stadium had the highest payment volume, with fans spending over 55 million rubles (approximately $900,000).  Of the total spend at the Opening Match, 69 percent came from Russian citizens and 31 percent came from non-Russian citizens.

“The Russian payment industry is undergoing a dynamic transformation and has seen huge growth,” said Ekaterina Petelina, country manager, Visa Russia. “Through our partnership with FIFA, Visa is focused on providing fans in Russia with new ways to pay, while advancing our business in market.”

Top Spending Nations
The ten countries whose fans spent the most inside the FIFA World Cup™ stadiums on their Visa cards were as follows:
  • Russia: 750 million rubles ($12 million)
  • United States: 188 million rubles ($3 million)
  • Mexico: 94 million rubles ($1.5 million)
  • China: 67 million rubles ($1.1 million)
  • Argentina: 41 million rubles ($700,000)
  • Peru: 35 million rubles ($560,000)
  • England: 34 million rubles ($550,000)
  • Brazil: 28 million rubles ($500,000)
  • Colombia: 26 million rubles ($420,000)
  • Australia: 25 million rubles ($400,000) 

    In-Stadium Spending

    The opening match on June 14 -- where fans from 123 countries filled the stadium -- saw the highest volume of payment transactions.  The July 1 match between Russia and Spain saw the second highest volume of transactions during the tournament. 

    On average, in-stadium transaction amount for all 62 matches was 1,168 rubles (approximately $19.00). Russian fans on average spent 1,090 rubles (approximately $18.00) on in-stadium purchases throughout the FIFA World Cup™ while international guests attending the tournament spent 1,915 rubles(approximately $31.00).

    Top Stadium Purchase Volume

    The five FIFA World Cup™ stadiums where fans spent the most on their Visa cards include:
  • Luzhniki (Moscow): 533 million rubles ($8.6 million)
  • Saint Petersburg: 208 million rubles ($3.3 million)
  • Samara: 125 million rubles ($2 million)
  • Sochi: 117 million rubles ($1.9 million)
  • Spartak (Moscow): 114 million rubles ($1.8 million)
     
    Top Fan Fest Purchase Volume

    The five FIFA World Cup™ Fan Fest watch party venues where fans spent the most on their Visa cards include:
  • Luzhniki (Moscow): 251 million rubles ($4 million)
  • Saint Petersburg: 38 million rubles ($615,000)
  • Kazan: 11 million rubles ($170,000)
  • Samara 8.8 million rubles ($141,000)
  • Sochi: 8.5 million rubles ($136,000)

    Cashless from Kick-off to the Final Match

    For the 2018 FIFA World Cup Russia™, Visa is the exclusive payment service in all stadiums where payment cards are accepted. In-stadium, fans can pay with contactless Visa credit and debit cards and mobile payment services at the more than 3,500 point-of-sale terminals and 1,000 mobile concessionaires that have been equipped with the latest in payment innovation.

Comments

Popular posts from this blog

Column: Caleb Otieno: Make empathy a reflex

‘Empathy is about standing in someone else 's shoes, feeling with his or her heart, seeing with his or her eyes. Reflection is the means of processing thoughts and feelings about an activity, incident, or day. It gives us a chance to come to terms with our thoughts and feelings surrounding it”  People who understand how to watch, listen and observe the actions and emotions of those around them are often perceived as the most successful in life. A conscious alignment of one’s self with others starts with the development of empathy in the early years.  In the early years of life from age two to seven, young children are naturally ego-centric and are very much inclined to think mostly about themselves and their immediate needs. They are not yet ready to consider the needs and feelings of others. Developing a sense of empathy is an important developmental process for young children. It is at the heart of good relationships, and it begins with valuing others and their perspectives.  Tea

New Research Finds Corner Shops are Faring Well Against Big Box Stores in Emerging Markets

Today,   Flourish Ventures   released a new research report showing that corner shops are doing better than predicted despite protracted supply chain issues and big-box and online retail competitors. The study confirmed better-than-expected sales and that 94% of consumers surveyed plan to shop as much or more at their corner shops in the future. Both shopkeepers and customers believe, however, that corner stores will need to accelerate digital technology adoption to remain relevant and competitive.                                                                                                                                                   The  2022 Digitizing the Corner Shop  research report, published by Flourish, a global fintech investor in partnership with Bain & Company and 60 Decibels, elevates the voices of more than 800 shopkeepers and 800 of their customers in Brazil, Egypt, India, and Indonesia. These primary research findings and accompanying Flourish analysis provide

Novo Nordisk opens regional office in Kenya

From left: Pharmacy and Poisons Board CEO Dr Fred Siyoi, Denmark Deputy Ambassador to Kenya Henrik Larsen and Novo Nordisk's Vice President (Business Area Africa and Gulf) Mads Bo Larsen during the opening of Novo Nordisk's Nairobi Office Novo Nordisk, a global healthcare company headquartered in Denmark with more than 95 years of innovation and leadership in diabetes care has opened a regional office in Nairobi, Kenya. Medicine is their key contribution and they supply nearly half of the world’s insulin. However, it takes more than medicine to defeat diabetes. The company, therefore, works in partnerships to drive change to defeat diabetes. Some of the key projects in Kenya include the Base of the Pyramid (BoP) project that works to improve access to diabetes care for people at the base of the economic pyramid and the Changing Diabetes® in Children (CDiC) programme that aims to bring all elements of necessary diabetes care closer to the children and build capacity for