MasterCard’s Payments by Segment (2016-2021)

 The statistic highlights MasterCard’s Payments 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 Global Operations of the company managed in O’Fallon, Missouri, United States, a municipality of St. Charles County, Missouri. Globally, MasterCard’s principal business is to process payments between the banks of merchants and the card-issuing banks of the purchasers who use the “Mastercard” brand credit, debit, and prepaid cards make purchases. Mastercard is traded on the NYSE, since 2006, under the symbol MA. 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.

 The year 2016

In Q1, the International market reported the maximum growth under the Debit card program of 24.7%. In contrast, with maximum debit card purchase volume, the united states reported an increase of 9.5%, leading the overall purchase volume toll to $289 billion. The credit and charge program captured an enormous market worldwide of $387 billion, with global growth of 10.2%. After consistent growth in Q2, a slight drop is reported again in the third quarter. Overall growth level decreased in both the programs, while the debit card program affected the most. Internationally, the states didn’t perform well in the debit card program, leading to a negative growth of 2.5%. In the last quarter, the debit card program reported a drastic drop globally, partially offset by the credit and charge program. Though the growth is positive, the rates went down in the US and other states.

The year 2017

Overall purchase volume during the year reported consistency, while the debit card program showed a deficiency in the growth. In Q1, the Debit card program reported a negative increase across the globe and tolled to $286 billion. In contrast, the Credit and Charge program reported improved growth, leading to a purchase volume of $577 billion. After a consistent growth, the third quarter witnessed incredible growth in the Debit card program. Countries, other than the US, reported an increase of 25.6%, leading the overall volume to $328 billion. The credit and charge program reported worldwide growth of 8.7% with $654 billion of volume. In the full year, Countries, other than the US, reported the highest volume for the credit card program, while the US bagged the highest volume for the debit card program.

The year 2018

This year reported the substantial growth in the last quarter, after a constant purchase volume in between quarters. In Q1, the Debit Card program reported a considerable increase of 19.6% with $360 billion of volume. Countries worldwide thrived at a growth rate of 26.1%, while the US grew at 13.4%, highest in the past eight quarters. The second and third quarter reported the consistency, but the last quarter substantially grew in both the programs. The credit and charge program marked the volume growth to $738 billion, It grew by 12.4%, while the debit card program grew substantially throughout the year, marking the volume growth to $407 billion.

The year 2019

The year witnessed a consistent growth until the end of the year. In the first quarter, the debit card program grew by 16.1%, while the credit and charge program increased by 9.5%. In Q2, countries, other than the US, soared the purchase volume with the substantial growth rate in both the programs. After consistent results till Q3, the overall purchase volume in credit and charge program rose to $770 billion, while $447 billion in the debit card program. The quarter reported the minute growth quarterly, while substantial growth yearly. In the full year, significant improvements recorded in the debit card program with an average growth rate of 18%. Also, the united states reported a significant growth in the credit and charge program, with an average of 12.2% growth.

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