Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. is growing 7.6% year-on-year (YOY) in Q2/15 reaching a record $1205 billion. It is expected PDV for Q3/15 will also hit a record $1301 billion, according to RAM Research.
Visa led the way in the second quarter posting a 8.8% YOY gain for U.S. PDV, according to CardData. However, YOY PDV growth is slowing a tad for all four U.S. networks.
Visa reported second quarter PDV of $683 billion, compared to $628 billion for Q1/15 and $628 billion for Q2/14.
MasterCard posted a 6.9% YOY gain with second quarter PDV of $310 billion, compared to $286 billion for Q1/15 and $290 billion for Q2/14.
American Express posted a 5.2% YOY gain with second quarter PDV of $182 billion, compared to $168 billion for Q1/15 and $173 billion for Q2/14.
Discover reported a 2.4% YOY gain with second quarter PDV of $30 billion, compared to $26 billion for Q1/15 and $29 billion for Q2/14.
As previously reported in CardFlash, RAM Research’s forecast for Q2/15 US PDV was dead on at $1205 billion.
U.S. PAYMENT CARD PURCHASE DOLLAR VOLUME
(Visa + MasterCard + American Express + Discover)
2Q/14: $1120 billion
3Q/14: $1117 billion
4Q/14: $1156 billion
1Q/15: $1109 billion
2Q/15: $1205 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 resources include CardWeb.com’s CardExecs® – comings & goings of payments movers & shakers; CardWeb.com’s CardWatch® – ears & eyes on marketing globally (57K items); and CardWeb.com’s CardPixes® – form & function of card design (7K items).