Purchase volume for goods and services tied to Visa, Mastercard, American Express and Diners Club brand credit, debit and prepaid cards issued in Europe reached $4.927 trillion in 2023. This was an increase of 17.2% over 2022 on a local currency basis. Mastercard purchase volume increased 23.7% to $2.227 trillion. Visa purchase volume was up […]
From our annual ranking of the 100 largest US debit card issuers, 42 financial institutions reported transactions involving Mastercard Send and Visa Direct for 2023. Transactions from the issuers shown here totaled 2.71 billion last year.
The company provides a universal data infrastructure that developers can use to create their own multipurpose digital wallets. Also available, on a white-label basis, is the Inrupt Data Wallet, which is built on the company’s Enterprise Solid Server (ESS).
The Wallet Interoperability Council has launched with five digital wallet operator members: M-Pesa, Airtel Money, Sama Money, Nequi and bKash. Digital wallets from these companies are held by consumers and businesses in Bangladesh, Colombia, Kenya, Senegal, Tanzania and Uganda.
Zelle, the largest peer-to-peer (P2P) payment platform in the US, is owned by Early Warning Services (EWS), which is owned by many of the country’s top commercial banks.
Purchase volume generated by cards issued by the top 25 was $182.08 billion in 2023, a decline of 3.2% from 2022.
Visa and Mastercard debit cards accounted for 60.15% of all debit and credit card purchase transactions. This was down from 60.23% in the first six months of 2023.
Outstanding receivables on store cards grew 1.2% in 2023 to $130.37 billion. General purpose cards outstandings grew 11.7% to $1.248 trillion.
Total volume—which is a combination of purchase volume and cash volume—reached $19.998 trillion, up 1.4%. Purchase volume accounted for 95.31% of total volume in 2023 versus 95.26% in 2022.
Investors maintain self-custody of their assets and gain a failsafe distributed recovery process in case the encryption keys that protect their assets are lost or misplaced.
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