Mastercard and Visa lose share to UnionPay in global cards market

Mastercard and Visa lose share to UnionPay in global cards market — RBR — “The continued rapid expansion of the Chinese cards market has helped UnionPay to increase its share of cards to 43% in 2016, and extend its lead over Visa and Mastercard. UnionPay has been the largest scheme globally for card numbers since 2010 and, by the end of 2016, there were more than six billion UnionPay branded cards in circulation.”






Contactless payments across Europe set to rise nine-fold by 2020

RBR

The volume of contactless payments in Europe is forecast to rise almost nine-fold to 12.2bn in 2020 compared to 2014 and account for 13% of all card payments, according to research released by RBR. The number of contactless cards issued is also expected to treble from 2014 to just short of 700m by 2020 — representing more than 40% of the total regional card base. More


Cash still accounts for 78% of European payments

Cash payments accounted for 78% of Europe’s 388 billion retail payment transactions in 2008, according to a new study by Retail Banking Research (RBR), and the cost of distributing, managing, handling, processing and recycling cash and of accepting cash payments came to a total of €84 billion... More


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