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US credit card spending drops, users move to BNPL
For some time, the US credit card business has struggled with burgeoning costs and decreasing profitability. Now a range of factors – including rising inflation, a weakening economy and increased... read more
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US credit card debt hits new record of $870 billion
US credit card debt has hit a new record of $870 billion as of December 2018, according to the data from the Federal Reserve. Credit card balances rose by $26... more
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US spending snapshot: Electronic payments doubled year-over-year
The U.S. Spending Snapshot shows growth in consumer spending via electronic payments like credit cards, debit cards and mobile wallets more than doubled year-over-year from the third quarter (Q3) 2017... more
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US credit card market picks up
The US credit card market is showing signs of recovery, with credit cards gradually gaining traction among US consumers. Credit cards accounted for 43.4% in terms of transaction value, a number that is expected to reach 45.4% by the end of 2019. Timetric predicts that the US will have 720.0 million credit cards in circulation [...]
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