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Proprietary Report with Analysis on V+M Global Processed Transactions.

Report Summary:

Total Visa and Mastercard processed or switched transactions (TX) in the first quarter (1Q/17) rebounded above year-on-year (YOY) growth rates of the past three years. Mastercard, is growing significantly higher YOY with a 500 basis points (bps) gap over Visa in 1Q/17, discounting the addition of Visa Europe in the third quarter of last year.

Combined Visa and Mastercard processed 40,956 million transactions in 1Q/17, representing . . .