Business Technology

Friday 20 September 2019

Christmas shoppers to spend €22m online on 'Cyber Monday'

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Christmas shoppers across Ireland will spend €22m online this Monday.

The first Monday in December is the busiest day for online shopping and has been dubbed ‘Cyber Monday’.

Visa Europe has revealed that Irish online shoppers are set to spend €22m on the day, a 17pc increase on last year.

It also estimates approximately one million eCommerce transactions will be made by shoppers across Ireland this weekend on Visa debit, Visa credit and Visa prepaid cards, with some €74m to be spent between between this Friday and Monday.

Conor Langford, Ireland country manager with Visa Europe, said online shopping is exploding in Ireland, with Irish eTailers attracting customers at home and from all across the world.

“At Visa Europe, we are enabling Irish companies to take advantage of the possibilities that eCommerce presents by making sure that online spending is safe and convenient,” he said.

“Visa Europe remains committed to developing new products to make online shopping even easier in order to create more opportunities for Irish companies so they can gain even more customers in the future.”

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Over the course of the month of December alone, Irish online shoppers will ring up seven million transactions with their Visa cards -  bringing the total level of eCommerce spending over the four week period to €474 million.

Figures show €1 in every €4are spent on Visa card in Ireland.

Visa Europe claims that online spending on its cards – debit, credit and prepaid – has risen to €4.6bn annually, that’s €8,925 online every minute on an average day.

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