Visa’s (VS) Latin America Caribbean (LAC) region Purchase Dollar Volume (PDV) rose year-on-year (Y/Y) by 12.6%, on a local currency basis, in the second quarter (Q2/14) to US$101 billion, compared to US$95 billion in the prior quarter, and compared to $101 billion one-year ago.
VS LAC Gross Dollar Volume (GDV) was up 9.7%, on a local currency basis, to US$266 billion in Q2/14, compared to US$250 billion in Q1/14 and US$270 billion in Q2/13, according to CardData.
VS LAC Cash Dollar Volume (CDV) increased 8.0%, on a local currency basis in Q2/14 to US$165 billion. The total number of Cash Transactions (CTX) rose to 1013 million, compared to 975 million one-year ago.
VS has an estimated 439 million cards-in-force (CIF) currently in the LAC region, compared to 430 million in Q2/13. The total number of accounts rose to an estimated 411 million in Q2/14, compared to 401 million for Q2/13. (As of January 1, 2014 VS no longer updates cards and accounts on a current quarterly basis)
RAM Research projects VS LAC PDV will remain flat at US$101 billion in the third quarter.
VISA LAC Gross Dollar Volume (GDV) & Purchase Transactions (PTX)
PERIOD GDV PTX
2Q/2013: $270 billion 2305 million
3Q/2013: $259 billion 2348 million
4Q/2013: $287 billion 2506 million
1Q/2014: $250 billion 2367 million
2Q/2014: $266 billion 2405 million
Source: CardData; Visa
For more data on Visa’s LAC Region access CardData®. For information and commentary on Visa’s LAC Region visit the searchable CardFlash® Library of more than 58,000 articles published since 1995. Custom RAM Research® projects on Visa’s LAC Region are available exclusively through CardWeb.com.®
LAC is comprised of countries in Central and South America and the Caribbean.
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.