Global Card Spending Continues to Slow

Global card PDV (purchase dollar volume) in the third-quarter (3Q/19) among the Major 4 U.S. payment networks continued to spiral down over the past year. On an FX (currency adjusted) basis, Major 4 global payment card (credit + charge + debit + prepaid) PDV declined from a 12.5% YOY (year-on-year) FX gain for 3Q/18 to a 10.4% YOY FX gain for 3Q/19. On a nominal dollars, or not currency adjusted, basis (NFX) for the third-quarter, PDV rose 8.7% YOY, compared to 9.8% one-year ago.


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BankCenter (payment news releases)

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