Card Loan Growth

Card Loan Growth Downshifts to 5.56% CAGR – Upshifts in Q2

U.S. card loan growth among the Big 6 credit card issuers increased 3.5% in the first-quarter (1Q/19) year-on-year (YOY), compared to a 8.0% YOY for the year ago quarter. Early results for the second-quarter reveal Chase U.S. credit card outstandings grew 8.5% YOY, Citibank is up 2.8% YOY, and Bank of America was flat (+0.7%).…

International Card Purchases

International Card Purchases 10%+ YOY FX Driven by Debit

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…

Mastercard Europe

Mastercard Europe Tramples Visa with Sustained Double-Digit Growth

Mastercard Europe is blowing Visa Europe out-of-the-water, scoring major gains across-the-board. Combined card activity for Visa and Mastercard credit, debit, charge and prepaid cards, on a currency adjusted basis (FX), posted weaker than expected year-on-year (YOY) gains in the first-quarter (1Q/19). Visa [V] and Mastercard [MA] gross dollar volume (GDV) increased to 10.4% YOY FX,…

American Express Global Card

American Express Global Card GDV +7% FX YOY as Yield Nears 11%

American Express global card for the first-quarter posted a record yield, nearing 11%, as GDV (gross dollar volume) rose 7% on an FX (currency adjusted) basis but delinquency rose 10 bps (basis points) and charge-offs jumped 30 bps. American Express (AXP) GCSG (Global Card Services Group) reported an 8.6% YOY (year-on-year) gain with total revenues…

Mastercard APMEA Payment

Mastercard APMEA Payment CIF to Top 1B in 2021 w/20% PTX CAGR

Mastercard APMEA payment transactions continued to roar in the first-quarter even though the momentum over the past five years has been slowing. Mastercard’s APMEA (Asia Pacific, Middle-East, Africa) region payment volume dipped below 10% YOY (year-on-year) for the first time since 3Q/17, on an FX (currency adjusted) basis. The APMEA customer base continues to grow…

Visa CEMEA Payment

Visa CEMEA Payment TX Soar 29% CAGR as PDV Climbs 22% YOY Q1

Visa CEMEA payment transactions continued to skyrocket in the first-quarter even though the momentum over the past five years has been fading. Visa’s CEMEA (Central Europe, Middle East, Africa) payment volume remains solidly above 20% YOY (year-on-year) for six consecutive quarters. The CEMEA customer base has been expanding, but the slowest among Visa’s five international…

Mastercard Global Q2 Revenye

Mastercard Global Q2 Revenue to Top $4B with 16.24% Profit CAGR

Mastercard global Q2 revenue is expected to be as impressive as the first-quarter. Mastercard global performance posted double-digit gains across the board in the first-quarter. However, sequential and year-on-year (YOY) currency adjusted (FX) growth for purchase dollar volume (PDV) declined 370 basis points (bps) and 270 bps, respectively. Mastercard net income exploded by 31% FX…

Citibank International Card

Citibank International Card Profits Soar in LAC & Solid in AP

Citibank international card profits soared for the Latin America Caribbean (LAC) region in the first-quarter while credit card profits for Asia increased moderately. However, late-stage delinquency and charge-offs metrics in the LAC for the first-quarter (1Q/19) are rising to 2015 levels. Average yield in Asia is also slipping back to 2015 levels, according to figures…