Card-present and card-not-present transactions initiated by consumer and commercial credit, debit and prepaid cards carrying Visa, Mastercard, UnionPay, American Express, Discover/Diners Club and JCB brands are projected to reach 642.01 billion in 2025, an increase of 41.4% over 2020 or 8.3% per year. Figures for these global brand transactions include a growing number of QR code–based payments made by mobile phones when payment accounts are tied to the UnionPay, Visa, Mastercard and JCB networks. Not included in that 642.01 billion figure for global brand cards are transactions genera...