MasterCard (MC) U.S. credit + debit purchase dollar volume (PDV) rose 7.1% year-on-year (YOY) in Q1, driven by an 8.1% YOY gain in U.S. debit cards. However, MasterCard’s YOY gains in both U.S. card products has been slowing over the past year.
MasterCard’s Q1 YOY PDV gain in U.S. credit cards of 6.1% is the slowest since the fourth quarter of 2013 (5.7%). However, MasterCard posted a strong 2014 in U.S. credit cards PDV rising 8.4%, compared to 7.0% in 2013, according to CardData.
MasterCard’s Q1 YOY PDV gain in U.S. debit cards of 8.1% is the slowest since the first quarter of 2013 (6.9%). However, MasterCard posted a strong 2014 in U.S. credit cards PDV rising 9.3%, compared to 9.5% in 2013, according to CardData.
MasterCard’s Q1 U.S. PDV was $287 billion, compared to $298 billion in the prior quarter and $268 billion one-year ago.
The number of Purchase Transactions (PTX) for credit + debit jumped 8.5% to 5.1 billion for the first quarter.
At the end of Q1/15 MasterCard had 328 million U.S. accounts representing 365 million credit and debit cards.
MasterCard U.S. Credit Cards & Debit Cards YOY
Source: MasterCard; CardData
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