How Visa’s SMI is different
The Spending Momentum Index (SMI) leverages the power of the Visa network to fill an important gap in tracking and monitoring the overall momentum of cyclical upturns and downturns in consumer spending.
Based on current, depersonalized transaction data from a sample of Visa-branded credit and debit credentials, the SMI represents actual aggregate spending behavior by millions of consumers. This key advantage gives the SMI a timely, customizable view into consumer spending trends.
In addition to the national public SMI, sub-indexes are available to Visa clients on a subscription basis in four key areas: consumer location, card segment, spending sectors, and customized to the client’s portfolio.
Depending on how the SMI is used by the client, the index can help to inform acquisition, usage and retention initiatives. It can also be an early indicator of local and national changes in worker incomes and jobs, allowing for timely and comprehensive risk management. Additional industry benchmarking is available that can give clients a deeper understanding of payment and economic trends.