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$20 Trillion Spent On Payment Cards Worldwide In 2014

The migration away from cash and cheques helped boost worldwide card spend to $20 trillion, a 15% year-on-year growth.

78% of the 235 billion card payments in 2014 were made using an internationally branded card from Visa or MasterCard.

According to RBR figures, UnionPay is the world’s largest scheme with 4.8 billion cards in issue at the end of 2014, equating to 40% of the global card base – well ahead of both Visa and MasterCard with 23% and 18% respectively.

Visa remains the largest scheme in terms of payment value with a 34% share of the $20 trillion card spend in 2014, ahead of UnionPay and MasterCard with 32% and 21% respectively.

Source: www.paymentscardsandmobile.com

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