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Maspalomas 24h | Newspaper of Maspalomas and Southern Gran Canaria
Maspalomas moves 1.000 million in VISA card payments

Maspalomas moves 1.000 million in VISA card payments

Yurena Vega Tuesday, February 20, 2024

Card spending per tourist in Maspalomas, not including Playa del Inglés, during 2023 was positioned among the highest in the Canary Islands, with an average of 110 euros per person per day. This figure, higher than the regional average of 100 euros, highlights the attractiveness and exclusivity that the area offers to visitors. VISA cards moved payments worth 1.000 million euros in Maspalomas last 2023, according to the sector's financial projections.

The average spending figure in euros with a VISA card in the south of Gran Canaria according to data from Visa Payments Monitor has been 2023 euros in 548. The average expenditure per tourist in Maspalomas is around 1.500 euros per week through electronic payments. Estimates based on 2022 data indicate that total credit card spending in Maspalomas could exceed €1.000 billion annually.

In 2022, the total spending of tourists in the Canary Islands with VISA cards amounted to 14.800 billion euros. The main countries issuing tourists who spent with VISA cards in the Canary Islands in 2022 were the United Kingdom, Germany, the Netherlands and Belgium. Payment by credit card has been reinforced by the modernization of small businesses in Maspalomas, according to reports published by entities such as the Bank of Spain, the CECA and Visa Spain. A 2022 study by Visa Spain indicates that spending by credit card Credit in Spain grew by 12,3% in 2021. The report also indicates that online credit card spending grew by 23,4% in 2021.

 

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