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Payments Market Research Reports & Surveys including Blockchain

Breaking News

U. S. Network Credit Card GDV YOY Gain Declines 300 bps in Q1

U.S. credit card gross dollar volume for Visa [V], Mastercard [MA], American Express [AXP], and Discover [DFS] in the first-quarter 2019, declined to a  7.0% year-on-year (YOY) gain, compared to 9.8% one-year ago, a 9.4% YOY gain in 1Q/17 and an 8.6% jump in 1Q/16.

NEW REPORT from CardData reports $932 billion in gross dollar volume (GDV) for 1Q/19, compared to $1007 billion for the prior quarter, and $871 billion for 1Q/18. First quarter GDV (purchases + cash advances) is now growing at an annual compound growth rate (CAGR) of 8.76% since 2014.

Mastercard posted the strongest growth in first-quarter U.S. credit card volume.

Underlying Factors

The first-quarter YOY growth rate slowed by 280 basis points (bps), reflecting the aberrant first three months of 2019 wherein the impact of widespread bad weather, a lingering government shutdown and Wall Street recessionary concerns (based on an inverted yield curve), plus depressed consumer and business spending kicked-in.

Outlook

The report notes the percentage of consumers expecting business conditions will be better six months from now increased from 17.2% to 19.9%. The proportion expecting more jobs in the months ahead increased from 16.8% to 17.2%, while those anticipating fewer jobs decreased from 14.3% to 13.2%.

The quarterly CardData report presents six charts and 102 data points for 2015 through first-quarter 2019 and projections through 2025.

Other CardData Reports of Interest

PYRPTS manages over 500 payments research reports published within the last 12 months covering domestic, international and global markets.


PYRPTS areas of interest include: acquiring; alternative payments; artificial intelligence; biometrics; blockchain; card printing; charge cards; commercial cards; consumer credit; credit cards; cryptocurrency; debit cards; digital payments; EMV; financial cards; FinTech; payments hardware; mag stripe cards; mobile payments; networks; NFC; prepaid cards; processing; payments software; and terminals.


PYRPTS President Robert McKinley, a seasoned payments research analyst of 34 years, personally vets each report listed for relevance and reliability.