International card purchases for Visa and Mastercard jumped 10.5% YOY (year-on-year) in the first-quarter on an FX (currency adjusted) basis. International credit and charge card PDV (Purchase Dollar Volume) increased 7.8% YOY FX, while international debit and prepaid card PDV soared 14.6% YOY FX, according to figures gathered by CardData.
Mastercard is growing 210 bps (basis points) YOY FX above Visa in the international credit/charge card PDV, and more the twice Visa’s growth in international debit/prepaid card PDV, according to analysis by RAM Research.
Furthermore, Mastercard’s international debit/prepaid card CIF (cards-in-force) YOY is growing more than eight times Visa’s international debit CIF. Mastercard’s international debit/prepaid card CIF at the end of 1Q/19 soared 16.4% YOY to 958 million from 928 million for 4Q/18 and 823 million for 1Q/18. By comparison, Visa international debit/prepaid card CIF increased 1.9% YOY, notes Robert McKinley, Senior Analyst of CardData, CardFlash, and CardTrak.
International Payment Card PDV
Visa [V] and Mastercard [MC] international payment card (credit+charge+debit+prepaid) PDV for the first-quarter (1Q/19) posted US$1856 billion, up 1.8% year-on-year (YOY), on a nominal basis (NFX).
Visa and Mastercard international credit card PDV was flat YOY NFX for 1Q/19 posting US$1161 billion, compared to a revised US$1224 billion for 4Q/18 and a revised US$1161 billion for 1Q/18.
Visa and Mastercard international debit card PDV rose 5.0% YOY NFX for 1Q/19 posting US$695 billion, compared to a revised US$732 billion for 4Q/18 and a revised US$662 billion for 1Q/18.
International Credit Card PDV
For the first-quarter, Visa international credit card PDV was up 7.2% YOY FX, compared to a revised 9.8% YOY FX in 4Q/18, and a revised 10.1% YOY FX for the year ago quarter. For 1Q/19 Mastercard international credit card PDV was up 9.3% YOY FX, compared to a revised 13.5% YOY FX in the fourth-quarter, and a revised 12.8% YOY FX for the year ago quarter.
International Debit Card PDV
Visa international debit card PDV was up 10.3% YOY FX for 1Q/19, compared to a revised 12.5% FX YOY for 4Q/18 and a revised 12.9% YOY FX for 1Q/18. Mastercard international debit card PDV was up 24.5% YOY FX for the first-quarter, compared to a revised 29.8% YOY FX for 4Q/18 and a revised 27.8% YOY FX for the year ago quarter.
A Complete Full Quarterly Report on Visa + Mastercard International Quarterly Purchase Dollar Volume [1Q/15-1Q/19] is Available for Immediate PDF Download
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