MasterCard’s (MC) Canadian Purchase Dollar Volume (PDV) rose year-on-year (Y/Y) by 7.2% on a local currency basis in the second quarter (Q2/14) to US$31 billion. MC Canadian Gross Dollar Volume (GDV) was up 5.4% on a local currency basis to US$33 billion in Q2/14, compared to US$29 billion in Q1/14 and US$30 billion in Q2/13. On a US dollar basis GDV declined 90 basis points (bps) Y/Y in Q2/14.
Visa’s (VS) Canadian PDV increased 0.7% in Q2/14 to US$59 billion. VS Canadian GDV was flat at US$64 billion.
MC’s Canadian Cash Dollar Volume (CDV) decreased 14.4% on a local currency basis in Q2/14 to US$2 billion. The total number of Cash Transactions (CTX) remained flat at six million.
MC has 49 million cards-in-force (CIF) currently in the Canadian region, compared to 50 million in Q2/13. The total number of accounts declined to 40 million in Q2/14, compared to 41 million for Q2/13.
Visa has 45 million cards and 35 million accounts in Canada.
RAM Research projects MC Canadian PDV will rise slightly to US$34 billion in the third quarter.
MasterCard Canadian Purchase Dollar Volume (PDV) & Purchase Transactions (PTX)
PERIOD PDV PTX
2Q/2013: $31 billion 353 million
3Q/2013: $31 billion 370 million
4Q/2013: $32 billion 376 million
1Q/2014: $27 billion 336 million
2Q/2014: $31 billion 382 million
Source: CardData; MasterCard
For more data on MasterCard’s Canadian Region access CardData®. For information and commentary on MasterCard’s Canadian Region visit the searchable CardFlash® Library of more than 58,000 articles published since 1995. Custom RAM Research® projects on MasterCard’s Canadian 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.