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 (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…
Global purchase transactions (PTX) for Visa and MasterCard debit and credit cards increased 15.0% year-on-year (YOY) in the second-quarter (2Q/19). The PTX YOY growth rate has been steadily expanding each quarter. One-year ago the PTX YOY growth rate for the second-quarter was 14.8%. In 1Q/17, the PTX YOY growth rate soared 28.3%, skewed by the merger…
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…
Credit card accounts in the U.S. market slowed a tad in the second-quarter (2Q/19), by 80 basis points (bps), compared to the prior quarter. However, 2019 is shaping up to be the strongest year for expansion in the U.S. since 2015, despite exhibiting all the signs of saturation. Currently, the U.S. general purpose credit card…
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,…
Global card PDV (purchase dollar volume) in the second-quarter (2Q/19) among the Major 4 U.S. payment networks continued to spiral down over the past year. On an FX (currency adjusted) basis, Major 4 global payment card (credit + charge + debit + prepaid) PDV declined from a 12.8% YOY (year-on-year) FX gain for 2Q/18 to…
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 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 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…
Card cash transactions Internationally for Visa and Mastercard picked up some steam in credit card cash transaction (CTX), while debit card CTX slipped nearly 300 bps (basis points) YOY (year-on-year) in the first-quarter. GTX for credit and debit cards combined increased 3.8% YOY in the first-quarter (1Q/19) compared to a 6.0% YOY increase in the…
International card CDV (cash dollar volume) for Visa and Mastercard payment cards increased by 5.4% YOY FX (currency adjusted) in the first-quarter (1Q/19), compared to 7.1% YOY FX one-year ago. On a nominal basis (not currency adjusted) CDV decreased 4.5% YOY for 1Q/19, compared to a 12.2% YOY gain for 1Q/18. Visa and Mastercard international…