(MENAFN - Arab News) Visa inc. a leader in global payments has released the visa everywhere travel report for the 2014 fifa world cup brazil which analyzes travel data and cross border spend on all visa products including credit debit and prepaid payment cards.
during the four-day opening period of the tournament (june 12-15 2014) visa found that gcc visitors spent more than 500000 on their visa accounts with the uae and saudi arabia making up 70 percent of the total.
this represents a five-fold increase over the same four-day period in 2013 and 47 percent more when compared to the opening four-day period of the confederations cup (june 15-18 2013).
the global attraction of the fifa world cup — and growing confidence and understanding of the convenience of electronic payment platforms — has combined to see the enormous increase in card usage from the gcc region. the gcc spending was part of a total spending of 27 million from global visitors to brazil during the 4-day opening period of the tournament.
visitors from the united states followed by the uk france and mexico represented the largest overall tourist spend in brazil during the four-day period. on saturday (june 14) alone international travelers to brazil spent more than 10.7 million using visa products. this was the highest tourist spend day in the country in 2014.
'these numbers reflect the significant impact that mega sporting events like the world cup can have in boosting local commerce in host market economies" said ihab ayoub gm for mena at visa.
'this positive trend aligns with brazil's expectation that more than 600000 international travelers may visit the country during this event — ultimately boosting the country's economy including a significant number from the middle east" he added.