Visa registers 19% increase in international spending
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International visitors to the UAE spent over US$589mn on their Visa cards during the Dubai Shopping Festival (DSF) 2013, registering a 19% year-on-year growth over DSF 2012, according to data issued by Visa Inc.
Further statistics revealed that cardholders from Russia, Saudi Arabia and United Kingdom were the top spenders during DSF 2013, contributing in excess of US$82mn, US$66mn and US$53mn respectively to the UAE economy. Visa cardholders from each of these countries showed significant increase in spending compared to DSF 2012, with Russians spending 34% more on their Visa cards compared to last year’s sale, while Saudis spent 26% more than DSF 2012.