Consumer spending changes likely to stick, Visa says

For better or worse, some of the pandemic-triggered behavioral changes, like more online purchasing and digital payments, are likely to outlast COVID, a top executive for the company said. Increased consumer spending online and more digital payments in the wake of the COVID-19 pandemic have also meant an adverse impact on small and mid-sized retailers and more internet fraud, according to spending tracked by card network behemoth Visa. Read more…