Citi’s LAC and AP Intl Card Units Show Further Deterioration

Citi’s LAC and AP Intl Card Units Show Further Deterioration

Citibank’s international credit card business in the Latin America Caribbean (LAC) region continues to struggle in the first quarter (1Q/16) as all metrics are negative year-on-year (YOY) and quarter-to-quarter (QTQ). After currency adjusted (FX) Citi LAC posted flat revenue and negative income. In the Asia (AP) region, which also includes the European Middle East Africa…

MasterCard’s APMEA Region Soaring in Transactions

MasterCard’s APMEA Region Soaring in Transactions

MasterCard’s Asia Pacific Middle East Africa (APMEA) region settles down in the first quarter (1Q/16), remaining in double-digits year-on-year (YOY) growth, currency adjusted (FX). Transactions soar around 20% YOY across all categories in 1Q/16. APMEA is MasterCard’s largest international region based on GDV and MasterCard’s fastest growing region, outside the U.S. Gross Dollar Volume (GDV),…