The number of shopping transactions made tomorrow - billed as Cyber Monday, the busiest online shopping day before Christmas - is expected to increase 16 per cent compared to last year.
That is expected to take the number of purchases to 7.7 million or £450 million through its credit cards alone, according to Visa Europe.
'A combination of pay day for the majority of consumers falling on the last Friday of the month and a weekend spent browsing the shops results in shoppers logging on to buy their gifts online [today],' the company said in a statement.
Some estimates put the amount expected to be spent online today at £1.3 billion compared to about £10.5 billion spent online through December as a whole.
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