Business Services Industry
MIDDLE EAST: SPENDING VIA VISA UP 43%.(Visa International)(Brief Article)
IPR Strategic Business Information Database, October, 2004
According to Al-Bayan newspaper (October 4, 2004), Mr. Kamran Siddiqi, General Manager Middle East of Visa International, said that the consumption spending via the Visa credit card in the Middle East rose by 43% last fiscal year, which ended on March 31, 2004. Mr. Siddiqi estimates the total spending via Visa in the Middle East at $8 billion last fiscal year.
He added that the consumption expenditures through the Visa credit cards in the region grew by more than 200% in the years 1999-2003.
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