Visa transactions in Lebanon reach 4.7 million in 2002
The total number of Visa transactions in Lebanon over the year ending June 2002 totaled 4.7 million, which represents an increase of 43 per cent from the previous year – the third highest growth pattern throughout the Middle East.
In addition, figures revealed a staggering 51 percent increase in card numbers since the same period last year, the highest growth in the region, and means that there are now over a quarter of a million cards in circulation throughout the country.
Visa-branded cards generate more than $2.3 trillion in annual volume and are accepted at more than 29 million physical locations around the world, including more than 800,000 automated teller machines (ATM). The Visa organization plays a pivotal role in developing innovative payment products and technologies to benefit its 21,000 member financial institutions and their cardholders. — (menareport.com)
© 2002 Mena Report (www.menareport.com)