Australian Credit Card Debt Sputters

Australian Credit Card Debt Languishes as Consumer Confidence Wanes But Credit Card PDV Marches Upward

Australian credit card debt growth is sluggish while credit card usage is continues to grow slowly. Credit card outstandings grew 0.8% year-on-year (YOY) in July, while credit card purchase dollar volume (PDV) rose 7.2% YOY. According to figures released yesterday by the Reserve Bank of Australia (RBA), credit card credit limits were flat in July…

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…

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…

Visa + Mastercard LAC Q2 PDV (FX) YOY Surges as Visa Marketshare Continues to Slip

Visa and Mastercard purchase dollar volume (PDV), currency adjusted (FX), in the Latin American Caribbean (LAC) region skyrocketed in the second quarter (2Q/18) with year-on-year (YOY) growth in double digits. Mastercard has been slowly gaining on Visa in the LAC, eroding Visa’s marketshare in the LAC region, based on nominal PDV, to 61% at end-of-year…

Major 4 Payment Networks Q2 U.S. PDV (Credit + Debit) in Robust Double Digits YOY

Purchase dollar volume (PDV) for the Major 4 networks (Visa, Mastercard, American Express and Discover) cards (credit + debit) in the U.S. climbed 10.3% year-on-year (YOY) in 2Q/18 topping $1536 billion.  Visa barely led the way in the second quarter posting a 10.5% YOY gain for U.S. PDV. The Major 4 collectively posted $1536.6 billion…

Big 6 Credit Card GDV

U.S. Credit Card Q2 PDV Tops Double-Digits YOY

U.S. Purchase Dollar Volume (PDV), for credit cards, among the Big 6 U.S. card issuers, rose 10.6% year-on-year (YOY) for the second quarter (2Q/18). Capital One scorched the Big 6 with a 17.3%+ YOY gain. 
The Big 6 U.S. issuers racked up $640.7 billon in PDV for 2Q/18, compared to $584.1 billion in 1Q/18 and…

V+M Q2 U.S. Credit + Debit Cards GTX Up 7.9% YOY – Up 180 bps Over 2017

U.S. gross transactions (GTX) for Visa and Mastercard credit and debit cards grew by 7.9% year-on-year (YOY) in the second quarter (2Q/18), compared to 6.1% one-year ago.  U.S. GTX for credit cards jumped 8.1% YOY while U.S. GTX for debit cards increased 7.8% YOY in 2Q/18. Visa’s U.S. GTX for credit cards rose 8.5% YOY…

Verifone Gives Up on 2017 as Profits Sour in Q2 — Building for Fiscal 2018

The slowdown in EMV for the second fiscal quarter, (ended 4/30/17), (2Q/17) continues to drag on Verifone’s (VF) performance, as year-on-year (YOY) net income plummeted by more than 500%. The Company notes it continues divesting non-strategic businesses and allocating resources and capital to ensure the timely delivery of our new products, with a bright 2018…

Mexico’s Financial Inclusion Initiatives Moving Cash to Cards – Robust Future

Cash remains the preferred form of consumer payments in Mexico; especially among the rural population, primarily due to limited knowledge of payment cards or limited access to banking infrastructure. Cash is primarily used for making small-value payments at retailers, and for the payment of utility bills, taxes, and transport fares. A significant proportion of the…