Restraint defines consumer behaviour in May
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Restraint defines consumer behaviour in May
The Absa Merchant Spend Analytics Report for May 2025 indicates a slight uptick in card activity, following April’s sharp decline. According to Absa’s internal data, card spending increased by 2% month-on-month (MTM), while transaction volumes climbed by 4%. Despite the 2% growth in card spending and 4% increase in transaction volumes, this growth remain below the prevailing inflation rate of 2,8%. Card Spending (MTM): +2% (April 2025: -5%) Tra…
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