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The Nilson Report: Spending at Merchants on General Purpose Payment Cards Projected to Reach $48.670 Trillion by 2024 According to The Nilson Report

CARPINTERIA, Calif., Feb. 05, 2016 (GLOBE NEWSWIRE) -- Worldwide purchases of
goods and services generated by credit, debit, and prepaid cards is projected
to reach $48.670 trillion by 2024 according to the annual report Global Card
Spending in the current issue of The Nilson Report, the top trade journal
covering the card and mobile payment industries. These card-present and
card-not-present type payments were initiated by credit, debit, and prepaid
cards with American Express, Diners Club, Discover, JCB, MasterCard, Mir,
RuPay, UnionPay, Visa, and PIN-based EFT system brands.

A photo accompanying this announcement is available at

Cards issued in the Asia-Pacific region are expected to generate $27.768
trillion, or 57.05% of worldwide purchase volume in 2024, up from a 48.67%
share of global purchase volume in 2014.

The United States held a 25.48% share of global purchase volume for general
purpose cards in 2014. That share is expected to decline to 22.37% by 2024,
when card spending is projected to reach $10.887 trillion.

In Europe, credit, debit, and prepaid cards with general purpose brands
accounted for 17.83% of global purchase volume in 2014. This is projected to
fall to 14.01% by 2024, but purchase volume will reach $6.820 trillion.

Latin America's general purpose payment cards accounted for a 3.58% share in
2014, and market share is expected to fall to 2.95%, reaching $1.435 trillion
by 2024. Payment cards issued in Canada held a 2.96% share of the global
market in 2014. By 2024, they are projected to fall to 1.96% when purchase
volume is expected to reach $0.953 trillion.

In the Middle East/Africa region, market share of global purchase volume tied
to cards was 1.49% in 2014, and projected to increase to 1.66% of the global
total by 2024. Purchase volume is expected to reach $0.806 trillion.

About The Nilson Report

The Nilson Report is the most widely read source of global news and analysis
about the card and mobile payment industries, with subscribers in 88
countries. The publication, which does not take advertising or sponsored
content of any kind, provides in-depth rankings and statistics on the current
status of the industry. David Robertson, Publisher of The Nilson Report and a
recognized expert in the field, is a frequent speaker at industry conferences
and is regularly quoted in publications worldwide. Contact Lori Fulmer at
lfulmer@nilsonreport.com for a complete copy of this report in the current
issue of the newsletter.
For more information:

Lori Fulmer



This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: The Nilson Report via Globenewswire


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