Big 6 90+ DEL 2015

Late stage delinquency among the nation’s Big 6 issuers will be pushed higher in 2015 as 30 day to 89 day delinquency begins its climb in the first quarter. Forecaster RAM Research projects 90+ day delinquency among the Big 6 will inch up from an average of 99 basis points (bps) in Q4/14 to 105 bps by end-of-year (EOY) 2015.

Visa International PTX

Among Visa’s four international regions the hottest area is Central Europe Middle East Africa (CEMEA), posting a 32.5% year-on-year (YOY) surge in 2014 purchase transactions (PTX). CEMEA also reported a 13.9% increase in purchase dollar volume, leading the other regions by more than 400 basis points (bps) last year.

CFPB & Payday Lending

As expected the Consumer Financial Protection Bureau (CFPB) posse is circling the wagons of the payday loan industry. The CFPB says this week its mission is to end payday debt traps by requiring lenders to take steps to make sure consumers can repay their loans and not make loans on purely on the ability to collect from consumers.

African Payment Inclusion

While payment products are quickly penetrating African consumer markets they are primarily used for income dispensing by not for payments. South Africa, Nigeria, Tanzania, Uganda and Egypt have advanced in enabling access to and driving usage of different financial products including payments, lending, long-term savings or investments, and insurance.