US credit card total purchase value edges toward $1T mark
For the first time in history, the U.S. credit card processing industry is poised to pass the $1 trillion mark in total purchase value in Q4, according to a report by Forbes.
In Q2, total value grew nearly 10 percent year over year to a total of $927 billion, compared with $844 billion in 2017.
While Visa retains the number one spot in the industry with a 53 percent market share, the No. 2 position is up for grabs as American Express successfully implements an ambitious growth strategy, Forbes said.
- Source: https://atmmarketplace.com