31/01/2024
If you are open-minded about determining which of our Discovery Bank accounts might suit you, get in touch me via a DM or sending me an email to [email protected].
Discovery published an article on SpendTrend
Card usage stats showed, plausibly enough, that Discovery Bank clients across the country are 37% more likely to travel in December compared to the rest of the year. This behaviour varies across cities, and is highest among Joburgers (+52%), followed by Durbanites (+29%) and Capetonians (+22%).
After New Year's, there was a noticeable shift in spending habits. A 44% drop in average daily spend on alcohol signalled the start of healthier resolutions as clients took on Dry January - or maybe that money was just better spent elsewhere, as seen with the 96% increase in spend on stationery and school supplies for the upcoming academic year!
You can read the full write-up here
Our latest SpendTrend analysis looks at client transaction data during the last festive holiday season ? between 1 December 2023 and 15 January 2024 ? revealed some interesting client preferences and broader trends.
