$39 per month*
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The statistic highlights the MasterCard’s Cards by Segment from Q1 FY 2016 to the latest quarter.
Mastercard Incorporated (NYSE: MA) is a multinational financial services corporation headquartered in Purchase, New York, United States. The company’s prime business is to process payments between the card-issuing banks of the purchasers who use the “Mastercard” brand credit, debit, and prepaid cards to make purchases and the banks of merchants and. Mastercard stands with a market capitalization of $236.15 billion as of August 2016. Before its IPO, Mastercard was a cooperative owned by more than 25,000 financial institutions that issue its branded cards.
Debit cards provide convenience and financial control with direct deduction of funds from your savings/current account, combining the worldwide acceptance and benefits of Mastercard cards. Mastercard Prepaid Cards usually used wherever its debit cards are accepted. Load a prepaid card with funds and make use of it for all the needs. Whereas, Credit cards offer the financial freedom to the deserving customers, offering rewards, services, and spending power that can help in making any financial and a personal dream come true.
The year 2016
The growth in both the program is seamless, but Debit Card programs seem more lucrative to the customers because of several rewards and benefits. In the first quarter, the Debit card program bagged 800 million cards worldwide on the other side. Though the difference between debit and credit cards is less, the United States favors more on credit cards marking a count of 192 million. In the subsequent quarters, the difference was intact in both the programs. In the last quarter, the number of debit card usage is highest across the world, while in the US, the credit cards surged the count.
The year 2017
During the year, the number of cards is consistent with a significant increase in the Debit and Prepaid program. With 18.2% yearly growth, the debit card program surged worldwide in the first quarter, while with 5.4% growth, the credit card rose in the united states alone. In the subsequent quarters, the credit card program reported a vital growth worldwide while the debit card program is intact with its growth. In the last quarter, the debit card program marked the figure of 1,000 million globally. With a 6.8% growth in credit card programs worldwide, the value crossed 600 million marks, worldwide.
The year 2018
Following the streak, the growth in the cards is consistent throughout the year, with significant improvements in the Debit card program. In the first quarter, the debit card program reported a growth of 12.9% worldwide, with a mark of 1,027 million cards. The credit card program seems stagnant with a slight improvement in worldwide growth, marking the figure of 814 million cards. In the subsequent quarters, the number of cards in both the programs rose with a significant increase in the debit card program. In the last quarter, the overall growth of 14.8% was reported in the debit card program, while credit card program witnessed a constant growth.
The year 2019
This year, the overall growth is consistent over the quarters, with a decline in the debit card program’s growth rate. In the first quarter, the United States reported a 9.5% growth in the credit card program, with the overall number of cards tolling to 882 million. While debit card program again toppled the other program in terms of the number of cards. The growth was consistent in the subsequent quarters in both the programs. In the last quarter, the United States faced the lowest growth for the credit card program, while worldwide, the number of debit cards has crossed the mark of 1,000 million.
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* Billed annually, local taxes extra.
* Local taxes extra.