MasterCard’s (MC) Asia Pacific – Middle East – Africa (APMEA) region Q1/15 Gross Dollar Volume (GDV) rose year-on-year (YOY) by 15.0%, but down sharply from Q1/14’s 19.0% YOY gain. GDV for the region declined in all of the past five quarters.
On a nominal basis, MCs APMEA GDV rose 8.8% to US$329 billion in Q1/15, compared to US$346 billion in Q4/14 and US$302 billion in Q1/14.
Purchase Dollar Volume (PDV) rose YOY 15.2% on a currency adjusted basis (FX) in the first quarter to US$220 billion.The total number of Purchase Transactions (PTX) hit 2659 million, compared to 2200 million one-year ago.
MC’s Cash Dollar Volume (CDV) was up by 14.5% YOY FX to US$109 billion. The total number of Cash Transactions (CTX) hit 1005 million, compared to 883 million one-year ago.
MC has 494 million cards-in-force (CIF) currently in the APMEA region, compared to 430 million in Q1/14. The total number of accounts rose to 463 million in Q1/15, compared to 401 million for Q1/14.
RAM Research projects MC APMEA GDV YOY (FX) to dip below 14.8% in the second quarter.
Gross Dollar Volume YOY (FX)
Source: CardData; MasterCard
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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.