Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 7.8% year-on-year (YOY) in Q1/15 reaching $1.1 trillion. Visa led the way in the first quarter posting a 9.0% YOY gain for U.S. PDV, according to CardData.
Visa reported first quarter PDV of $627 billion, compared to $651 billion for Q4/14 and $575 billion for Q1/14.
MasterCard posted a 7.1% YOY gain with first quarter PDV of $287 billion, compared to $298 billion for Q4/14 and $268 billion for Q1/14.
American Express posted an estimated 6.0% YOY gain with first quarter PDV of $163 billion, compared to $176 billion for Q4/14 and $154 billion for Q1/14. AmEx reports gross dollar volume (GDV) on a quarterly basis.
Discover reported a 2.7% YOY gain with first quarter PDV of $26.4 billion, compared to $30.9 billion for Q4/14 and $25.7 billion for Q1/14.
RAM Research forecasts US PDV will slightly top $1.2 trillion in the second quarter.
U.S. PAYMENT CARD PURCHASE DOLLAR VOLUME
(Visa + MasterCard + American Express + Discover)
1Q/14: $1023 billion
2Q/14: $1114 billion
3Q/14: $1117 billion
4Q/14: $1156 billion
1Q/15: $1103 billion
For data, background and forecasts on U.S. PDV: Search CardWeb.com’s CardFlash® Library of more than 58,000 archived articles; Access CardWeb.com’s CardData® for current and historical Performance, Portfolios, Profiles, etc. Visit RAM Research® (ramresearch.com) for quarterly and annual forecasts covering more than 150 metrics. [complimentary or deeply discounted access to CardWeb.com subscribers].
Additional database re