New research reveals the average indebted household owes $15,355 in credit card debt alone. Credit card debt costs consumers an average of $2,630 per year in interest.
Irish consumer spending continued to increase at a sharp pace during August as household expenditure rose +5.6% year-on-year (YOY). However, it was slightly weaker than the +6.1% expansion recorded in the previous month but still the joint-second fastest in the 12 months of the series so far.
While Visa continues to control 70% of the U.S. general purpose debit card market, MasterCard is outpacing Visa in year-on-year (YOY) growth, based on gross dollar volume (GDV), according to CardData. Forecaster RAM Research expects the U.S. V+M market to reach $2575 billion for 2015.
MasterCard (MC) U.S. credit card dollar volume (PDV) will rise 7.7% year-on-year (YOY) in Q2, driven by solid gains in U.S. debit cards. MasterCard is outpacing Visa in all payment products not domestically, but internationally as well, says CardData and RAM Research.
Online and mobile payments worldwide may reach three trillion Euros by 2018, with m-payments outpacing e-payments and the total payments market. The Asia-Pacific region, particularly China, is expected to overtake North America to be the largest online retail market within a few years.
Discover’s U.S. Purchase Dollar Volume (PDV) is growing 4.7% annually. slower than its peer group, however Discover is outpacing the top Visa and MasterCard in outstandings growth. RAM Research forecasts Q1/15 U.S. PDV will slightly exceed $27 billion.
The global business-to-consumer (B2C) e-commerce and online payment market will begin to slow this year, nonetheless B2C e-commerce worldwide is expected to top a trillion euros by 2018. Asia-Pacific region is forecasted to be the fastest growing B2C E-Commerce market worldwide.
Purchase Dollar Volume (PDV) on U.S.- issued debit and credit cards by Visa (V), MasterCard (M), American Express (A) and Discover (D) will likely rise 7.2% in the first quarter to $1093 billion, says forecaster RAM Research.
Purchase Dollar Volume (PDV) on U.S.- issued debit cards by Visa (V) and MasterCard (M) is projected to rise slightly in the first quarter to $468 billion, compared to $461 billion Q4/14, according to forecaster RAM Research.
Hamburg-based business intelligence organization yStats.com reports that even as forecasted global growth rates slow from close to +20% in 2014 to around 10% by 2018, B2C E-Commerce worldwide is expected to top a trillion euros by that year.
Purchase Dollar Volume (PDV) on U.S.- issued debit cards by Visa (V) and MasterCard (M) rose 8.5% during the fourth quarter. Visa posted a 6.6% gain while MasterCard reported a 13.1% gain.
Global online and mobile payments worldwide may reach three trillion Euros by 2018. Mobile payment outpacing online and the total payments market.