The nation’s four major payment card networks produced $1485 billion in U.S. gross dollar volume (GDV) in the first quarter (1Q/17) for a 6.0% year-on-year (YOY) gain. Visa continues to rule the market, growing its U.S. GDV marketshare from 58.7% in 1Q/16 to 61.1% in 1Q/17, largely at the expense of American Express, according to CardData.
Visa +240 bps Q1 YOY GDV U.S. Marketshare; AXP -150 bps YOY
Visa posted a 10.3% YOY gain in first quarter GDV of $908 billion, compared to $937 billion for 4Q/16 and $823 billion for 1Q/16, according to CardData.
Mastercard’s marketshare slipped 100 basis points (bps) YOY from 26.6% to 25.6%. Mastercard posted a 2.2% YOY gain with 1Q/17 GDV of $380 billion, compared to $388 billion for 4Q/16 and $372 billion for 1Q/16.
American Express’ marketshare declined 150 basis points (bps) YOY from 12.6% to 11.1%. American Express posted a 6.3% YOY decline with first quarter GDV of $165 billion, compared to $174 billion for 4Q/16 and $176 billion for 1Q/16. AmEx was impacted by the loss of the Costco and JetBlue partnerships.
Discover’s marketshare declined 10 basis points (bps) YOY from 2.2% to 2.1%. Discover reported a 6.7% YOY gain with 1Q/17 GDV of $32 billion, compared to $35 billion for 4Q/16 and $32 billion for 1Q/16.
U.S. PAYMENT CARD GDV MARKETSHARE
VISA: 58.7% 61.1%
MASTERCARD: 26.6% 25.6%
AMEX: 11.1% 12.6%
DISCOVER: 2.2% 2.1%