The Green Sheet Online Edition
January 1, 2016 • 16:01:01
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What will global payments look like in 2019?
Worldpay recently published an 89-page Global Payments Report showing historical and projected data on payment trends in 30 counties. The report revealed that alternative payment methods ‒ those not running on global network schemes such as MasterCard Worldwide, Visa Inc. or American Express Co. – surpassed card payments for the first time in 2015, with a 51 percent market share. The gap is expected to widen.
Credit and debit cards continued to dominate in the U.S. market with 65 percent market share, followed by electronic wallets at 15 percent. U.S. card brand usage was led by Visa at 53 percent, followed by MasterCard (24 percent), AmEx (15 percent), local card schemes (5 percent) and Discover (3 percent). Below are several key findings from the Worldpay report.
Whether you want to upgrade your POS offerings, find a payment gateway partner, bone up on fintech regs or PCI requirements, find an upcoming trade show, read about faster payments, or discover the latest innovations in merchant acquiring, The Green Sheet is the resource for you. Since 1983, we've helped empower and connect payments professionals, starting with the merchant level salespeople who bring tailored payment acceptance and digital commerce tools, along with a host of other business services to merchants across the globe. The Green Sheet Inc. is also a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals.
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