Visa Jumps on Debit Spending by Credit-Averse Millennials
- Debit spending continued to grow at faster clip than credit
- Visa CFO: Consumers look ‘pretty strong’ as they spend more
Visa Jumps on Debit Spending by Millennials
This Article is for Subscribers Only
You can thank the millennials.
Spending on Visa Inc. debit cards -- the favored plastic of the younger set -- continues to grow at a faster clip than on credit. Spending on the firm’s debit cards jumped 16.3 percent in this year’s first three months, helping the firm raise its financial outlook for 2018. Credit-card spending rose 13.7 percent.