American Express (AXP) international gross dollar volume (GDV) for the third quarter (3Q/15) rose 5.0% year-on-year (YOY) on a currency adjusted basis (FX). The gain was primarily driven by the Japan, Asia Pacific & Australia (JAPA) region which soared 14.0% YOY.
London-based Powa Technologies has inked a 10-year strategic alliance with China UnionPay to create a ubiquitous new standard in mobile commerce for CUP’s 1.3 billion credit and debit card users.
Visa and MasterCard international card cash dollar volume (CDV) for the third quarter (3Q/15) posted $709 billion, compared to $722 billion in 2Q/15 and $811 billion one-year ago. However, the nominal year-on-year (YOY) change is meaningless.
UnionPay has launched QuickPass in Beijing with more than 20 commercial banks. Consumers can pay not only with UnionPay cards but also via its mobile solution QuickPass.
Singapore-based United Overseas Bank (UOB) has become the first bank in Asia-Pacific region to implement the Visa Token Service. The bank is integrating the Visa Token Service as part of its digital wallet UOB Mighty.
International gross transactions (GTX) for Visa and MasterCard credit and debit cards grew by 11.3% year-on-year (YOY) in the third quarter (3Q/15). International GTX for credit cards increased 8.4% YOY while international GTX for debit cards soared 20.3% YOY in 3Q/15.
Visa and MasterCard international card gross dollar volume (GDV) for the third quarter (3Q/15) posted $1819 billion, compared to $1948 billion one-year ago. However, the nominal year-on-year (YOY) change is meaningless.
A new survey shows the number of Canadians who have purchased and/or received gift cards in the last year, has grown from 68% five years ago to 87%. More than half of respondents who purchased a gift card in the past year bought four or more cards.
Visa and MasterCard international gross (open) payment card accounts (GAC) for the third quarter (3Q/15) grew 8.5% year-on-year (YOY). International credit GAC was up 4.3% YOY and international debit GAC soared 11.5% in 3Q/15.
Mumbai-based Axis Bank has introduced a display variant of its debit card for its NRE customers. The Platinum MasterCard Debit is the first display card in India.
Australian credit card outstandings edged up by 2.1% year-on-year (YOY) in September to AU$50.8 billion, compared to AU$49.7 billion one-year ago.
Gross dollar volume (GDV) for licensees of Discover-owned Diners Club International declined 3.0% year-on-year (YOY) in the third quarter of 2015 to $6.56 billion.