Visa’s (VS) Asia Pacific (AP) region Purchase Dollar Volume (PDV) slowed down year-on-year (Y/Y) to 12.2%, on a local currency basis, in the second quarter (Q2/14) to US$337 billion, compared to a 15.0% Y/Y growth rate in Q1/14. Based on PDV, the VS AP region remains the second fastest growing region, outside the CEMEA region, according to CardData.
VS AP Gross Dollar Volume (GDV) was up 9.3%, on a local currency basis, to U.S. $487 billion in Q2/14, compared to US$481 billion in Q1/14 and US$456 billion in Q2/13. On a U.S. dollar basis GDV was up 6.1% Y/Y.
VS AP Cash Dollar Volume (CDV) increased 3.1%, on a local currency basis in Q2/14 to US$150 billion. The total number of Cash Transactions (CTX) rose to 908 million, compared to 818 million one-year ago.
VS has an estimated 740 million cards-in-force (CIF) currently in the AP region, compared to 692 million in Q2/13. The total number of accounts rose to an estimated 645 million in Q2/14, compared to 592 million for Q2/13. (As of January 1, 2014 VS updates cards and accounts on a one-quarter lag basis)
RAM Research projects VS AP PDV will rise to US$341 billion in the third quarter.
VISA AP Purchase Dollar Volume (PDV) & Purchase Transactions (PTX)
PERIOD PDV PTX
2Q/2013: $304 billion 3554 million
3Q/2013: $314 billion 3558 million
4Q/2013: $339 billion 3677 million
1Q/2014: $328 billion 3567 million
2Q/2014: $337 billion 3832 million
Source: CardData; Visa
For more data on Visa’s AP Region access CardData®. For information and commentary on Visa’s AP Region visit the searchable CardFlash® Library of more than 58,000 articles published since 1995. Custom RAM Research® projects on Visa’s AP Region are available exclusively through CardWeb.com.®
Total volume, payments volume and cash volume, and the number of payments transactions, cash transactions, accounts and cards represent cards carrying the Visa, Visa Electron and Interlink brands. Card counts include PLUS proprietary cards.
Payments volume represents the aggregate dollar amount of purchases made with cards carrying the Visa, Visa Electron and Interlink brands for the relevant period; and cash volume represents the aggregate dollar amount of cash disbursements obtained with these cards for the relevant period and includes the impact of balance transfers and convenience checks; but excludes proprietary PLUS volume. Total volume represents payments volume plus cash volume.
Visa payment products are comprised of credit and debit programs, and data relating to each program is included in the tables. Debit programs include Visa’s signature based and Interlink (PIN) debit programs.
The data presented are based on results reported quarterly by Visa’s financial institution clients on their operating certificates. Estimates may be utilized if data is unavailable. On occasion, previously presented information may be updated.