Transactions By Payment Cards To Top 1.1 Trillion Annually By 2029
Date
1/28/2025 2:31:07 PM
(MENAFN- GlobeNewsWire - Nasdaq) The Nilson Report Releases Projections for Visa, Mastercard, UnionPay, American Express, JCB, Discover and Diners Club Transactions
SANTA BARBARA, Calif., Jan. 28, 2025 (GLOBE NEWSWIRE) -- UnionPay, Visa, Mastercard, American Express, JCB, Discover and Diners Club credit, debit and prepaid card transactions to purchase goods and services will reach 1.109 trillion worldwide in 2029 according to the Nilson Report, the leading trade publication covering the global payment card industry.
"Payments by cardholders to merchants linked to the global brand card networks will grow by 43% in five years from the 776 billion transactions made in 2024,” said David Robertson, Publisher of the Nilson Report.
Asia–Pacific is the top region for purchases made by credit, debit and prepaid cards, led by payments on the UnionPay network, headquartered in China. Purchase transactions in Asia–Pacific are projected to reach 520.14 billion in 2029, equal to 47% of the worldwide total. Europe will be the second largest region in 2029, followed by the United States, Latin America, Middle East & Africa and Canada.
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For more than 54 years, the Nilson Report has been the most respected provider of data and news about the global payment card industry. Available worldwide by subscription only, the Nilson Report does not accept advertising of any kind, nor can any company pay to be featured at its website or in its publications.
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SOURCE: the Nilson Report,
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