EVO Payments International has done a successful completion of the purchase of Citigroup’s merchant acquiring business in Mexico, conducted through Banco Nacional de Mexico S.A. (Banamex), a wholly-owned subsidiary of Citigroup.
Visa and MasterCard U.S. credit card gross dollar volume (GDV) will likely grow at a 10.1% year-on-year (YOY) in the third quarter (3Q/15). Visa and MasterCard U.S. credit card gross dollar volume (GDV remained a solid 9.9% year-on-year (YOY) gain in the second quarter (2Q/15).
U.S. credit card outstandings end-of-period (EOP) among the Big 6 issuers will likely gain 3.1% in the third quarter according to CardData and RAM Research. Outstandings rose by a mere 2.3% year-on-year (YOY) in the second quarter to $474.5 billion.