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UnionPay accounts for 45% of global cards spending – Visa still on top
New research shows that spending on payment cards continues to grow strongly, expenditure rose by 13% to reach $35 trillion in 2019. There were a number of factors driving this... more
The post UnionPay accounts for 45% of global cards spending – Visa still on top appeared first on Payments Cards & Mobile.
Continued growth in China cements UnionPay as the world’s largest card scheme
New research shows that there were 16 billion payment cards in circulation at the end of 2018, up by 10% since a year earlier. The research indicates that financial inclusion initiatives... more
The post Continued growth in China cements UnionPay as the world’s largest card scheme appeared first on Payments Cards & Mobile.
Card issuers upgrade from Maestro and Electron to Mastercard and Visa
According to a new study, Global Payment Cards Data and Forecasts to 2022, card issuers in Europe are continuing to change the scheme of the cards they issue – particularly debit cards – from Maestro and Visa Electron to Mastercard and Visa. In so doing, they increase the number of merchant outlets in which their [...]
The post Card issuers upgrade from Maestro and Electron to Mastercard and Visa appeared first on Payments Cards & Mobile.
Visa and MasterCard continue to grow at the expense of Visa Electron and Maestro
Visa and MasterCard brands collectively account for 86% of all European payment cards. Visa holds the largest share in Europe as a whole and in western Europe, while MasterCard has a larger share in central and eastern Europe (CEE). Migration to Visa and MasterCard will continue despite interchange regulation Visa Electron and Maestro are [...]
The post Visa and MasterCard continue to grow at the expense of Visa Electron and Maestro appeared first on Payments Cards & Mobile.
