International cash dollar volume (CDV) for Visa and MasterCard credit and debit cards hovered at the US$800 billion level throughout 2014. While the nominal dollar basis shows a slight decline, the year-on-year (YOY) growth was very robust in most of the Visa and MasterCard regions, on the currency adjusted basis, according to CardData.
CC +DC Cash Dollar Volume
4Q/13: US$811 billion
1Q/14: US$743 billion
2Q/14: US$787 billion
3Q/14: US$808 billion
4Q/14: US$798 billion
In the Visa CEMEA region the CVD, on a local currency basis, increased by 13.5% and the Visa LAC region was also up by 12.8% on a local currency basis. By comparison, the YOY CDV growth rate for the U.S. was 5.2%, according to CardData.
In the MasterCard Europe region the CVD, on a local currency basis, soared by 25.2% and the MasterCard APMEA region was up by 15.1% on a local currency basis. Overall, the total CDV for all four international regions combined rose 17.6% on a local currency basis.
For more data on International CDV access CardData®. For information and commentary on International CDV visit the searchable CardFlash® Library of more than 58,000 articles published since 1995. RAM Research® forecasts on International CDV are available exclusively through CardWeb.com.®