Credit Cards-in-Force

Credit Cards-in-Force Growth Signals U.S. Market Saturation

Credit Cards-In-Force (CIF) in the third quarter (3Q/18) for Visa, MasterCard, American Express and Discover in the U.S. was up 3.8% year-on-year (YOY). At the end of 3Q/18, there were 676 million U.S. credit/charge CIF compared to 651 million for 3Q/17, according to RAM Research. Total U.S. credit cards for 3Q/18 stands at an estimated…

Global Payment Card PDV

Global PDV for Major 4 Card Networks Picks Up Steam in Q3

Global PDV (Purchase dollar volume) for Visa, Mastercard, American Express and Discover cards (credit + debit) globally rose 9.0% year-on-year (YOY) on a nominal dollars basis for the third quarter (3Q/18). However, on a currency adjusted basis (FX), global 3Q/18 PDV increased 13% YOY, reports RAM Research. The major four U.S.-based global networks posted $3492…

Payment Cards Worldwide

Payment Cards Worldwide Driven by International Credit and Debit Cards

Payment cards worldwide or cards-in force (CIF) [credit + debit] grew by 5.5% year-on-year (YOY) in the third quarter (3Q/18) to 5448 million, compared to a revised 5369 million for 2Q/18 and 5166 million, one-year ago. All the four major U.S. based payments networks posted gains in 3Q/18, according to CardData. Visa and MasterCard Payment…

U.S. Payment Card PDV

Credit Card PDV Remains Robust Remains in Double-Digits in Q3

Credit card PDV (Purchase Dollar Volume) for the Major 4 networks (Visa, Mastercard, American Express and Discover) cards (credit + debit) in the U.S. climbed 11.4% year-on-year (YOY) in the third quarter (3Q/18) hitting near $1544 billion, according to CardData Visa barely led the way in the 3Q/18 posting an 11.7% YOY gain for U.S.…

Cross-Border Transactions

Cross-Border Volume (FX) for Visa & Mastercard Transactions Slipped a Tad in Q2

Mastercard’s cross-border volume, on a currency adjusted basis (FX), soared in the second quarter (2Q/18) outpacing Visa by 158 basis points (bps) year-on-year (YOY). Sequentially, quarter-to-quarter (QTQ), Mastercard slipped a 121 bps, compared to Visa’s flat performance YOY. Cross-border transaction volume refers to payments and cash volume where the issuing country is different from the…

Credit & Debit Cards Globally

Circulation of Payment Cards Worldwide Rises 6% YOY in Q2 & to Top 5.5 billion EOY

Payment cards worldwide or cards-in force (CIF) [credit + debit] grew by 6.4% year-on-year (YOY) in the second quarter (2Q/18) to 5412 million, compared to 5323 million for 1Q/18 and 5088 million, one-year ago. All the four major U.S. based payments networks posted gains in 2Q/18, according to CardData. Visa and MasterCard Rule the Planet…

Payment Card Transactions for V+M U.S. Rises 9.5% YOY in Q2

Payment card transactions (PTX) for Visa and Mastercard credit and debit cards in the U.S. grew by 9.5% year-on-year (YOY) in the second quarter (2Q/18) to 24.1 billion. The growth was driven by Mastercard credit and debit cards. U.S. payment card purchase transactions for Visa and Mastercard (debit+credit) hit 24,067 in 2Q/18, compared to 22,221…

European Payments Cards

Visa and Mastercard European Credit Cards Q2 Racking-Up Impressive YOY Gains

European Credit Cards Q2 for Visa and Mastercard posted strong year-on-year (YOY) gains for the second quarter (2Q/18). On a non-currency adjusted basis (NFX), gross dollar volume (GDV) rose 16.5% YOY, purchase dollar volume (PDV) increased 19.2% YOY, and cards-in-force (CIF) climbed 6.1% YOY. On a currency adjusted basis (FX), Visa GDV rose 7.3% YOY…

Global Payment Card PDV

Global PDV for Major 4 U.S. Card Networks Up 12% in Q2 FX YOY

Purchase dollar volume (PDV) for Visa, Mastercard, American Express and Discover cards (credit + debit) globally rose 13.7% year-on-year (YOY) on a nominal dollars basis for the second quarter (2Q/18). However, on a currency adjusted basis (FX), global 2Q/18 PDV increased 12.1% YOY.  The major four U.S.-based global networks posted $3511 billion in global PDV…