Payment card use increased in 2016

Payments via cards have registered USD 257.17 billion purchase transactions at merchants, up to 13.3% on 2016, Nilson Reports states.

The report also uncovers the fact that worldwide card purchase volume for goods and services has increased up to 5.8% during the same year.

Moreover, payments via Visa produced 54.06% of all purchase transactions on general purpose cards around the world, Visa debit cards (34.82%) and Visa credit cards (19.23%) accounting for the most purchase transactions.

Mastercard was designated the second most popular, followed by UnionPayAmerican Express, JCB cards and Diners Club/Discover.