X-Border Transaction Volume

MC X-Border Transaction Volume FX Grows 2X Visa

X-border transaction volume growth FX (currency adjusted) YOY (year-on-year) is driven solely by Mastercard. Second-quarter global cross-border transaction volume for Mastercard soared by 800 bps (basis points) over Visa. Cross-border transaction (X-Border) volume refers to payments and cash volume where the issuing country is different from the merchant country. X-Border Transaction Volume FX Visa’s cross-border…

Global Processed Transactions

Global Processed Transactions Up 14.3% YOY & 15.83% CAGR

Global processed transactions (GTX), or switched transactions, in the second-quarter (2Q/19), for Visa and Mastercard combined, remains solidly in double-digits year-on-year (YOY), hovering above a 12% annual growth rate for six consecutive quarters. MasterCard posted more than a 600 bps (basis points) spread over Visa in 2Q/19 for global processed switched transactions. Combined Visa and…

U.S. GDV Marketshare

U.S. GDV Marketshare Gains All Flow to Mastercard by 50 bps

Second-quarter GDV (gross dollar volume) marketshare, including credit, debit, charge and prepaid card products, among the Major 4 payment networks shows Mastercard picking up 50 basis points (bps) over the past twelve months, mostly at the expense of Visa, in the U.S. market. Based on gross dollar volume, Visa’s U.S. marketshare peaked one-year ago at…

Payment Network Profts

Second-Quarter Payment Network Profits Rise Nearly 24%

Second-quarter payment network profits among the global U.S.-based Major 4: Visa [V], Mastercard [MA], American Express [AXP] and Discover [DFS], soared 23.8% year-on-year (YOY), and now growing at an 12.80% CAGR (compound annual growth rate), based on the past five years. The Major 4 reported a combined second-quarter (2Q/19) (after tax) profit of $7663 million,…

Credit Cards CIF

Second-Quarter Credit Cards CIF Grow at Bottom and Top

Second-quarter credit CIF (cards-in-force) continue to grow despite a saturated U.S. market driven by an expanding sub-prime marketplace and the aggressive marketing of high-end rewards cards. Over the past year, the total CIF is up by more nearly 24 million, and growing more 300 basis points (bps) over the prior twelve-month period. Mastercard is blowing…

Second-Quarter PDV

Second-Quarter PDV Declines 200 bps YOY U.S. CAGR 8.78%

Second-quarter PDV (purchase dollar volume) for the U.S. payment cards (credit+debit+charge+prepaid) grew 9.1% YOY (year-on-year), compared to 11.1% one-year ago. Mastercard picked up 90 bps (basis points), while Discover declined 440 bps during the same period. The Major 4 U.S.-based payment card networks: Visa [V]; Mastercard [MA]; American Express [AXP]; and Discover (DFS) collectively posted…

Second-Quarter Global Cards

Second-Quarter Global Cards +6.5% U.S. Debit +11% YOY

Second-quarter global cards among the Major 4 U.S. payment networks expanded by 347 million credit and debit cards-in-force (CIF) over the past twelve months. The Major 4 (Visa [V], Mastercard [MA], American Express [AXP], Discover/Diners [DFS]), global payment cards grew 6.5% year-on-year (YOY) in the second-quarter (2Q/19). Second-Quarter Global Cards Growth Analysis The Major 4…

Second-Quarter Global Volume

Second-Quarter Global Volume FX Down 10 bps & CAGR Slips

Second-quarter global volume on a currency adjusted basis (FX) for the Major 4 U.S. based networks was essentially flat year-on-year (YOY) down by 10 basis points (bps), compared the prior year. American Express posted the only YOY FX gain in global gross dollar volume (GDV) of nearly 200 bps. Global payment card (credit+debit+charge+prepaid) GDV for…