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.
A2P SMS services are used in several verticals such as entertainment, banking, financial services and insurance (BFSI), retail, tourism, marketing, media, and healthcare. The global A2P SMS market is the increasing number of mobile users opting for mobile payments, banking, and marketing activities.
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.