The Green Sheet Online Edition
January 11, 2016 • Issue 16:01:01
What will global payments look like in 2019?
Worldpay recently published an 89-page Global Payments Report showing historical and projected data on payment trends in 30 counties. The report revealed that alternative payment methods ‒ those not running on global network schemes such as MasterCard Worldwide, Visa Inc. or American Express Co. – surpassed card payments for the first time in 2015, with a 51 percent market share. The gap is expected to widen.
Credit and debit cards continued to dominate in the U.S. market with 65 percent market share, followed by electronic wallets at 15 percent. U.S. card brand usage was led by Visa at 53 percent, followed by MasterCard (24 percent), AmEx (15 percent), local card schemes (5 percent) and Discover (3 percent). Below are several key findings from the Worldpay report.
Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.