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Visa predicts 'busiest' Cyber Monday ever

The busiest day of the year for online shopping begins as retailers brace themselves for "Cyber Monday".

Amazon is expected to be one of the online retailers that benefits from Cyber Monday. Credit: PA

It comes after last week's "Black Friday" - a day of flash sales designed to kick off the festive shopping season - arrived in the UK and was marred by violence.

Online shopping figures have consistently peaked on the first Monday of December over recent years, with Visa Europe predicting this year's Cyber Monday will be the busiest ever.

The payment service predicts £450 million will be spent on its cards alone as online transactions reach the 7.7 million mark.

Cyber Monday sales will have grown by 16% on last years, making it the busiest online shopping day in history.

Visa Europe director of commercial development, Jeremy Nicholds, explained: "With an average of £312,500 expected to be spent online every minute on December 2, the Christmas shopping season will certainly start with a bang."

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