Visa Mastercard International Transactions

Visa Mastercard International Gross Transactions up 19% YOY

International gross transactions (GTX) for Visa and MasterCard credit and debit cards grew by 18.6% year-on-year (YOY) in the fourth quarter (4Q/18), compared to 11.8% YOY in 2017. International GTX for credit cards increased 18.1% YOY, compared to 4.1% YOY in 2017. International CTX for debit cards soared 18.9% YOY in 4Q/18, compared to 17.1%…

International Card Cash Transactions

International Card Cash Q4 Transactions Up 6% YOY

International card cash transactions (CTX) for Visa and MasterCard credit and debit cards grew by 6.0% year-on-year (YOY) in the fourth quarter (4Q/18). International CTX for credit cards increased 0.2% YOY while international CTX for debit cards rose 6.3% YOY in 4Q/18. In the fourth quarter gross international payment card CTX for Visa and MasterCard…

U.K. Credit Card Lending

British Brexit Economy Sputters as Credit Card Lending Slows in July Amidst Stagnate Workers’ Pay

U.K. consumer credit growth continued its downward spiral in July, dropping to 8.5% year-on-year (YOY), its lowest level this year and well below the peak of 10.8% YOY set in November 2016. For July, driven by the Brexit fallout, the decline was 50 basis points (bps) sequentially, and flat YOY. However, according to the July…

Futuristic Payment Technologies and Currencies Well Supported

Electronic payments have become commonplace today, with nearly 51% of people reporting that they are paid electronically via direct deposit, and an increasing comfort level with these paperless transactions appears significant in driving consumers’ interest in even more sophisticated forms of electronic payment. Consumers are unenthusiastic about traditional paper checks, as one-third of them think…

Vantiv & Chase Chases a Worldpay Play for $10B

Worldpay Group confirms it has received preliminary approaches from Vantiv and JPMorgan Chase Bank in relation to the potential acquisition of the entire issued, and to be issued, share capital of Worldpay. Any deal is expected to be valued in the US$10 billion range. The companies now have 28 days, or until August 1, to…

NFC Wearables Key Driver in Global PoS Payments Accessories Vertical

The latest trend gaining momentum in the payments market is NFC in smart devices and PoS systems. The global PoS accessories market is witnessing a major shift in technology with the increasing adoption of NFC in wearable devices, such as smartwatches, smart wristbands, and smartphones. Till 2011, the contactless payment option was available for NFC-enabled…