Spending at Merchants on General Purpose Payment Cards Projected to Reach $48.670 Trillion by 2024 According to The Nilson Report
(Thomson Reuters ONE) -
CARPINTERIA, Calif., Feb. 05, 2016 (GLOBE NEWSWIRE) -- Worldwide purchases of
goods and services generated by credit, debit, and prepaid cards is projected to
reach $48.670 trillion by 2024 according to the annual report Global Card
Spending in the current issue of The Nilson Report, the top trade journal
covering the card and mobile payment industries. These card-present and card-
not-present type payments were initiated by credit, debit, and prepaid cards
with American Express, Diners Club, Discover, JCB, MasterCard, Mir, RuPay,
UnionPay, Visa, and PIN-based EFT system brands.
A photo accompanying this announcement is available
at http://www.globenewswire.com/NewsRoom/AttachmentNg/e8aa086f-7c27-4351-bd94-
215b71a50087
Cards issued in the Asia-Pacific region are expected to generate $27.768
trillion, or 57.05% of worldwide purchase volume in 2024, up from a 48.67% share
of global purchase volume in 2014.
The United States held a 25.48% share of global purchase volume for general
purpose cards in 2014. That share is expected to decline to 22.37% by 2024, when
card spending is projected to reach $10.887 trillion.
In Europe, credit, debit, and prepaid cards with general purpose brands
accounted for 17.83% of global purchase volume in 2014. This is projected to
fall to 14.01% by 2024, but purchase volume will reach $6.820 trillion.
Latin America's general purpose payment cards accounted for a 3.58% share in
2014, and market share is expected to fall to 2.95%, reaching $1.435 trillion by
2024. Payment cards issued in Canada held a 2.96% share of the global market in
2014. By 2024, they are projected to fall to 1.96% when purchase volume is
expected to reach $0.953 trillion.
In the Middle East/Africa region, market share of global purchase volume tied to
cards was 1.49% in 2014, and projected to increase to 1.66% of the global total
by 2024. Purchase volume is expected to reach $0.806 trillion.
About The Nilson Report
The Nilson Report is the most widely read source of global news and analysis
about the card and mobile payment industries, with subscribers in 88 countries.
The publication, which does not take advertising or sponsored content of any
kind, provides in-depth rankings and statistics on the current status of the
industry. David Robertson, Publisher of The Nilson Report and a recognized
expert in the field, is a frequent speaker at industry conferences and is
regularly quoted in publications worldwide. Contact Lori Fulmer
at lfulmer(at)nilsonreport.com for a complete copy of this report in the current
issue of the newsletter.
For more information:
Lori Fulmer
lfulmer(at)nilsonreport.com
805-684-8800
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: The Nilson Report via GlobeNewswire
[HUG#1984186]
Datum: 05.02.2016 - 18:30 Uhr
Sprache: Deutsch
News-ID 449032
Anzahl Zeichen: 3510
contact information:
Town:
Carpinteria
Kategorie:
Business News
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