Purchase dollar volume (PDV) for Visa, Mastercard, American Express and Discover cards (credit + debit) globally rose 21.2% year-on-year (YOY) on a nominal dollars basis for the first quarter (1Q/17). However, on a currency adjusted basis (FX), global 1Q/17 PDV increased 20.4% YOY, according to CardData.
The first quarter PDV figures are skewed as Visa began including Europe PDV beginning in the third quarter. Visa reported PDV for Europe of $335 billion in 1Q/17.
Discounting Visa Europe PDV the YOY gain for the Major 4 networks was 7.0% on a nominal dollar basis, or an estimated 6.8% FX YOY.
The major four networks posted $2869 billion in global PDV for 1Q/17, compared to $2990 billion in the prior quarter and $2367 billion for the year ago quarter
Visa reported an 37.2% YOY gain in global PDV for 1Q/17 on an FX basis. Visa posted $1730 billion in 1Q/17 PDV, compared to $1800 billion in the prior quarter and $1252 billion for the year ago quarter. On an adjusted (excluding Europe) non-FX basis, Visa YOY was up 11.4%.
Among Visa’s five regions, PDV, on an FX basis, was up 16.9% YOY in the Central Europe Middle East Africa (CEMEA) region; 7.1% in Asia-Pacific; 13.1% in the Latin America Caribbean (LAC) region and 9.0% in Canada. The US PDV growth was 11.7% YOY for 1Q/17.
Mastercard reported an 9.0% YOY gain for global PDV for 1Q/17, on an FX basis. Mastercard reported $862 billion in 1Q/17 PDV, compared to $898 billion in the prior quarter and $836 billion for the year ago quarter.
Among Mastercard’s five regions, PDV, on an FX basis, was up 13.2% YOY in Canada; Latin America 18.2%; Europe -3.1%; and Asia Pacific Middle East Africa (APMEA) 8.9%. The US PDV growth was 2.4% YOY.
American Express reported flat YOY for global PDV for 1Q/17, on an FX basis. American Express had an estimated $239.7 billion in 1Q/17 PDV, compared to $250.0 billion in the prior quarter and $241.1 billion for the year ago quarter. (American Express reports Gross Dollar Volume only)
Among American Express’ four regions, PDV, on an FX basis, increased 14% YOY in the Japan Asia Pacific Australia (JAPA) region followed Europe Middle East Africa (EMEA), up 12%. The U.S region declined 6% YOY, and Latin America Canada (LACC) increased 9%.
Discover and Diners Club International reported PDV rose 8.0% YOY, on a nominal basis, for the first quarter to $36.5 billion, from $39.8 billion in the prior quarter and $33.8 billion for the year ago quarter. (FX basis is not material to the global total).
MORE Major 4 Q1 Global Purchase Dollar Volume Analysis w/Charts & Graphs
