|
The U.S. Payment Card Market Tops $6 Trillion Commercial Cards Account for 23%
Thursday, September 5, 2019
CARPINTERIA, Calif., Sept. 5, 2019 /PRNewswire/ -- Commercial and consumer credit, debit, and prepaid cards issued in the U.S. generated $6.130 trillion in spending for goods and services in 2018, according to The Nilson Report, the leading card and mobile payment trade publication. Spending generated by commercial cards grew by 11.7% and outpaced consumer card spending, which grew by 10.1%. Commercial card spending was $1.393 trillion last year. Consumer card spending was $4.737 trillion.
"Consumer card spending is higher, but every year spending generated by commercial credit and debit cards used by employees of private companies, government agencies, and nonprofit organizations accounts for a larger component of overall card spending," said David Robertson, Publisher of The Nilson Report.
Visa's share of all commercial card spending versus American Express, Mastercard, and Discover was 43.15% in 2018, up from 42.49% in 2017.
American Express's commercial card market share declined to 29.35% from 29.80% in 2017. Mastercard's market share declined to 27.38%.
Commercial card spending accounted for 24.84% of all purchase volume at Mastercard in the U.S. and 16.32% at Visa.
ABOUT THE NILSON REPORT
For more than 49 years, The Nilson Report has been the most respected provider of news and information about the global card and mobile payment industry. Available worldwide by subscription only, The Nilson Report directly surveys over 2,000 financial institutions to produce statistics about issuers, acquirers, and technology providers not available from any other source. The twice-monthly newsletter also includes informative articles, concise updates about new products and services, listings of investments and acquisitions among companies in payment systems, and information about executive appointments. The Nilson Report does not accept advertising of any kind. No company can pay to be featured in The Nilson Report.
CONTACT:
Lori Fulmer
805-684-8800
221170@email4pr.com
View original content to download multimedia:http://www.prnewswire.com/news-releases/the-us-payment-card-market-tops-6-trillion-commercial-cards-account-for-23-300912221.html
SOURCE The Nilson Report
|
|
|
|
|
|
 |
PayDo Launches Unified Payment Infrastructure Suite for Digital Businesses | Jan 22, 2026
|
|
The New Identity Theft Crisis: AI Scams, Child Victims, and Credit Damage Are All Spiking | Jan 22, 2026
|
|
Fintech Startup BON Credit Secures $3.5 Million In Funding | Jan 22, 2026
|
|
AllSci Launches Hypothesis Publishing: A Seamless Way to Share, Connect, and Advance Scientific Ideas | Jan 22, 2026
|
|
Darwin CX Caps a Banner Year with AI Launch, Sold-Out Events, and Industry Book Launch | Jan 22, 2026
|
|
Gametime Launches "12 Days of Gametime" Holiday Giveaway in Partnership with Barstool Sports | Jan 22, 2026
|
|
Canadian Fintech Tuhk Inc., Founded by Ethoca and NuData Security Veterans, Raises US$6 Million Seed Round Led by FINTOP, with Lloyds Banking Group and Capital One Ventures | Jan 22, 2026
|
|
TSX Venture Exchange Market Data Now Available Across Over 40 Blockchains via Chainlink | Jan 22, 2026
|
|
Nudge Security Unveils Industry's Most Comprehensive AI Security Governance Platform | Jan 22, 2026
|
|
Young Adult Sports Fiction Debut Featured in LibraryBub Selection for January | Jan 22, 2026
|
|
|
|
