The statistic highlights MasterCard’s Payments by Region from Q1 FY 2016 to the latest quarter.
Mastercard Incorporated (NYSE: MA), headquartered in New York, is an American multinational financial services corporation. The name of Mastercard Incorporated backed with many histories. Formerly, the company was known as “Interbank” from 1966 to 1969 and “Master Charge” from 1969 to 1979. The company’s prime business is to process payments between the card-issuing banks or credit unions of the purchasers and the banks of merchants who use the “Mastercard” brand prepaid, credit and debit cards to make purchases. Mastercard Worldwide has been a public listed company since 2006. Before its IPO, the company worldwide was a cooperative owned by more than 25,000 financial institutions that issue its branded cards.
Overall the purchase volume worldwide witnessed a consistent growth with major changes in APMEA and the United States. In Q1, the worldwide purchase volume is $838 billion, grew by 12.2% compared to the last year same period. APMEA and Europe contributed the major portion of payment volume, while Canada being the least. The purchase volume in Canada drastically dropped by 9.5% YoY. In Q3, major states witnessed a slight decrease in the purchase volume, leading to the purchase volume dropping to $882 billion. Latin America grew well again by 15.5% YoY and marked a purchase volume of $51 billion, while payments in Europe reported a drop by 2.4%. In Q4, each operational state has shown a slight growth year-over-year, which made the overall purchase volume grew to 3.8%. The United States and APMEA contributed the most, followed by Europe.
The year 2017
Throughout the year, the states reported consistent growth in the purchase volume, with significant improvements in Canada and APMEA. In Q1, the least generator of purchase volume, Canada and Latin America, reported the maximum growth during the quarter; in contrast, Europe reported negative results by 3.1%, leading the overall purchase volume to increase by 4.1% to $862 billion. Each state witnessed growth in the subsequent quarters, and the third quarter reported the total purchase volume of $981 billion, grew by 10.6% YoY. Europe again regained the substantial growth rate, while Latin America also maintained its purchase volume growth. In the full year, Canada and Latin America reported the highest increase, followed by APMEA and Europe, while overall purchase volume reported a growth of 8.4%.
The year 2018
In Q1, other than the US, countries like APMEA and Europe cover around 50% of the total purchase volume, while Europe and Latin America show robust growth. The United States, being home to the company, showed increasing growth through previous quarters, marking the figure of $359 billion. After a minor increase in overall purchase volume, the states’ growth seems constant, with no significant improvements. In Q3, the growth of total purchase volume slightly dropped to 14.9%. The overall purchase volume fell to $1,082 billion in the quarter. In the last quarter, Europe showed the best results in the whole year with a growth rate of 23%. In the full year, the US and APMEA again contributed the most during the year, followed by Europe.
The year 2019
In terms of overall purchase volumes, the year witnessed the consistent results till Q3 with significant growth in Europe and US In Q1, total purchase volume went up to $1,090 billion, grew by 11.8% YoY. Canada shown a slight decline in the purchase volume, offset by growth in other countries. With the constant growth in subsequent quarters, the third quarter reported the purchase volume of $1,218 billion, grew by 14.7% YoY. In Q4, Canada fell back in terms of purchase volume growth, while other states reported a significant increase, leading the purchase volume to rise to $1,275 billion.
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* Billed annually, local taxes extra.
* Local taxes extra.