Proprietary Report with Analysis on U.S. Credit Card Marketshare/Gross Dollar Volume.
The nation’s four major payment card networks produced $1485 billion in U.S. gross dollar volume (GDV) in the first quarter (1Q/17) for a 6.0% year-on-year (YOY) gain. Visa continues to rule the market, growing its U.S. GDV marketshare from 58.7% in 1Q/16 to 61.1% in 1Q/17, largely at the expense of American Express, according to CardData.
Visa +240 bps Q1 YOY GDV U.S. Marketshare; AXP -150 bps YOY
Visa posted a 10.3% YOY gain in first quarter GDV of $908 billion, compared to . . . .