Processed Switched Transactions

Processed Switched Transactions Globally for Visa and Mastercard Vigorous in 2018

Processed or switched transactions (TX) in the fourth quarter (4Q/18), for Visa and Mastercard combined, globally, remains in double-digits year-on-year (YOY), hovering around a 12% growth rate. MasterCard, is by far running away with significant YOY gains over Visa, posting a 700 basis points (bps) spread over Visa in 4Q/18 for processed switched transactions. Combined…

Global Credit Card Networks PDV

Global Credit Card Networks Continue Double-Digit Currency Adjusted PDV Gains YOY

Global credit card networks purchase dollar volume (PDV) for Visa, Mastercard, American Express and Discover/Diners cards (credit + debit) globally rose 8.2% year-on-year (YOY) on a nominal dollars basis (NFX) for the fourth quarter (4Q/18). However, on a currency adjusted basis (FX), global 4Q/18 PDV increased 13% YOY.  The major four U.S.-based global networks posted…