The Singapore economy has seen a boost in
foreign visitor spending during the days leading to the opening
day of the Singapore 2010 Youth Olympic Games, according to
spending data from Visa.
More than US$8.3 million was spent by
international visitors to Singapore on Visa-branded payment cards
on the Opening Day of the Singapore 2010 Youth Olympic Games in
The money spent by visitors on their Visa
Credit, Debit and Prepaid cards on 14 August 2010, showed an
increase of nearly 50% over the same day in 2009.
In the lead up and first two days of the Games
(11-15 August 2010), more than US$42.5 million was spent by
international visitors to Singapore on Visa-branded payment cards.
This is a 45% increase from the same period in 2009. Top contributors to visitor spending in
Singapore as measured by spending on Visa-branded payment cards
8. Hong Kong, China
Meranda Chan, Country Manager, Singapore and
Brunei, Visa, said, “Based on initial spending figures, the
Singapore 2010 Youth Olympic Games looks to have started on a
positive note for the local economy and businesses. We’ve also
seen a strong showing for our Visa Prepaid cards, with more than
30,000 active cards so far.”
For the first time at an Olympic Games, Visa
Prepaid cards have been issued with all Games tickets. In addition
to providing access to public transport, the Visa Prepaid card
offers young fans a convenient, cashless way to make purchases at
competition venues. Visa Prepaid cards allow cardholders to spend
only the funds loaded onto the card, minimizing the risk of
overspending, and can be used wherever Visa cards are accepted.
They also allow anyone who does not have a visa card to make card
purchases at the venues. Visa has been a worldwide sponsor of the Olympic
Games for 24 years and is the only card accepted at Singapore 2010
Youth Olympic Games competition venues.
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