Visa’s Total Payment Volume (TPV) Breakdown (2016-2022)

This chart shows Visa’s Total Payment Volume (TPV) Breakdown, across Cash Volume, Commercial Payments, Consumer Credit payments and Consumer Debit payments.

Visa is a payments technology company that facilitates pioneering, protected, and reliable electronic payments across more than 200 countries and territories. They facilitate digital payments to a global network of customers, traders, financial institutions, businesses, strategic partners, and government institutions through advanced technologies.

Visa’s Total Payment Volume (TPV) Breakdown

Visa’s Payment Volume are classified into

• Cash Volume
• Commercial Payments
• Consumer Credit Payments
• Consumer Debit Payments

(All figures in billions, except percentages)

Visa’s total payment volume increased from $3080 billion in Q2 2020 to $3117 billion in Q2 2021, marking a 1% increase. It also increased by 4% from $2995 billion in Q1 2021.

• Cash Volume: Cash volume usually involves cash access transactions, balance access transactions, balance transfers, and convenience checks. Cash volume stood at $642 billion in Q2 2021, which decreased by 11% from $719 billion in Q2 2020 and by 1% from $646 billion in Q1 2021. It accounted for 21% of the total payment volume in Q2 2021.The decreasing trend is a result of people avoiding the use of cash during the COVID-19 pandemic, with customers wanting to limit their contact with shared surfaces or others. The rise of e-commerce has also played a role as online shopping limits the use of cash.
• Commercial Payments: Commercial Payments include payments made by employees on behalf of the company, through commercial credit cards issued to them by their company. This helps companies to manage all payments made by their employees in a single place. It had a minimal share of 9% in total payment volume. The Volume of commercial payments declined by 1% from $278 billion in Q2 2020 to $274 billion in Q2 2021. However, it increased by 6% from $258 billion in Q1 2021.
• Consumer Credit: Consumer Credit payments consist of payments made through Visa’s credit card provided by their partner financial institutions to its customers. It had a contributed 33% to the total payment volume   The volume of Consumer credit payments decreased from $1086 billion in Q2 2020 to $1033 billion in Q2 2021. Q2 2021 witnessed a growth of 9% compared to $951 billion in Q1 2021. the use of credit cardsAlthough Contactless payments had seen growth through the COVID-19 pandemic, the initial decline in consumer credit might be due to an increase in unemployment. Also, consumers preferably might not want to increase their debt at such crucial times.
• Consumer Debit: Consumer Debit payments consist of payments made through Visa’s debit card provided by their partner financial institutions to its customers. In Q2 2021, Visa’s Consumer Debit Payments had the highest share of 37% among total payment volume, amounting to $1168 billion. This was a 17% increase from $997 billion in Q2 2020 and a 2% increase compared to $1140 billion in Q1 2021.Due to COVID-19, pandemic customers have shifted to contactless payments to avoid unnecessary contact which has led to a rise in card payments. Considering the current scenario people would prefer to avoid debt by the usage of credit cards, and spend their own savings which led to an increase in usage of debit cards. Also, e-commerce has been focusing on debit payments and avoid cash transactions.

Company Overview

Visa Inc. is an American financial corporation headquartered in Foster City, California, USA. It is one of the world’s leaders in digital payments. Visa was initially started as BankAmericard by Bank of America in 1958.

Visa has partnered with approximately financial institutions in more than 200 countries. It provides its financial institution partners with Visa-branded payment products, which then issue cards, or extends credit or cash access programs to their clients. MasterCard and UnionPay are Visa’s biggest competitors worldwide.

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