Credit Card Issuers Face New Regulations/Visa and MasterCard Enjoy Global Growth, Business and Industry Trends Analysis

Global consumers are awash in credit cards.  Visa, for example, reports that it processed 111.2 billion transactions over its VisaNet during its fiscal year ending September 30, 2017.  Visa had 3.1 billion card holders at year-end 2017, while MasterCard had 1.7 billion worldwide.  Other major credit card issuers include American Express (110 million card holders), JCB (103 million) and Discover (57 million). Another competitor in consumer payments is the e-commerce firm PayPal, which electronically debits customer’s checking accounts for online purchases.  As of the third quarter of 2018, PayPal had 254 million active users and 17 million merchants.  PayPal has…

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