MasterCard’s (MC) Canada region Purchase Dollar Volume (PDV) rose year-on-year (Y/Y) by 9.0% on a local currency basis in the first quarter (Q1/14) to US$27 billion. On a US dollar basis PDV was flat, according to CardData. Based on PDV, the MC Canadian region is the smallest region.
MC Canada Gross Dollar Volume (GDV) was up 7.3% on a local currency basis to US$29 billion in Q1/14, compared to US$35 billion in Q4/13 and US$30 billion in Q1/13. On a US dollar basis GDV was down 2.0% Y/Y.
The average purchase ticket in MC Canada region has declined 9.5% Y/Y. One-year ago it stood at US$88.82, compared to US$85.11 in Q4/13 and US$80.36 in Q1/14, according to CardData.
MC’ Cash Dollar Volume (CDV) was down sharply by 9.7% on a local currency basis in Q1/14 to US$2 billion. The total number of Cash Transactions (CTX) dipped to five million, compared to six million one-year ago.
MC has 56 million cards-in-force (CIF) currently in the Canada region, compared to 50 million in Q1/13, about the same as Visa. The total number of accounts rose to 46 million in Q1/14, compared to 41 million for Q1/13.
RAM Research projects MC Canada PDV will rise to US$28 billion in the second quarter.
MasterCard Canada Purchase Dollar Volume (PDV) & Purchase Transactions (PTX)
PERIOD PDV PTX
1Q/2013: $27 billion 304 million
2Q/2013: $31 billion 353 million
3Q/2013: $31 billion 370 million
4Q/2013: $32 billion 376 million
1Q/2014: $27 billion 376 million
Source: CardData; MasterCard
For more data on MasterCard’s Canada Region access CardData®. For information and commentary on MasterCard’s Canada Region visit the searchable CardFlash® Library of more than 58,000 articles published since 1995. Custom RAM Research® projects on MasterCard’s Canada Region are available exclusively through CardWeb.com.®
Gross dollar volume, purchase volume, cash volume and the number of purchase transactions, cash transactions, accounts and cards on a regional and global basis for MasterCard-branded and MasterCard Electronic branded cards.
GDV represents purchase volume plus cash volume and includes the impact of balance transfers and convenience checks; “purchase volume” means the aggregate dollar amount of purchases made with MasterCard-branded cards for the relevant period; and “cash volume” means the aggregate dollar amount of cash disbursements obtained with MasterCard-branded cards for the relevant period. The number of cards includes virtual cards, which are MasterCard-branded payment accounts that do not generally have physical cards associated with them.
The MasterCard payment product is comprised of credit, charge and debit programs, and data relating to each type of program is included in the tables. Debit programs include MasterCard-branded debit programs where the primary means of cardholder validation at the point of sale is for cardholders either to sign a sales receipt or enter a PIN. The data include information with respect to transactions involving MasterCard-branded cards that are not processed by MasterCard and transactions for which MasterCard does not earn significant revenues.
Information denominated in U.S. dollars is calculated by applying an established U.S. dollar/local currency exchange rate for each local currency in which MasterCard volumes are reported. These exchange rates are calculated on a quarterly basis using the average exchange rate for each quarter. MasterCard reports period-over-period rates of change in purchase volume and cash volume on the basis of local currency information, in order to eliminate the impact of changes in the value of foreign currencies against the U.S. dollar in calculating such rates of change.