Visa Credit Cards Drive V+M Payment Card Purchase Transactions Growth

Purchase transactions (PTX) for Visa and MasterCard credit and debit cards in the U.S. grew by 7.0% year-on-year (YOY) in the fourth quarter (4Q/16) to 21.3 billion. The growth was driven by credit cards, and more specifically Visa, according to CardData. U.S. purchase transactions for Visa and MasterCard payment cards (debit+credit) hit 21,311 in 4Q/16, compared…

PayPal Continues to Rock ’n Roll as Q4 PTX & TPV Top 20% YOY

PayPal continues to gain market share as total payment volume (TPV) soared 22% year-on-year (YOY) in the fourth quarter (4Q/16). However, the transaction margin declined 340 basis points (bps) in the quarter, compared to 4Q/15, according to CardData. During 2016, PayPal added 18 million active accounts, reflecting double digit YOY growth. Transaction revenues for 4Q/16…