- A 13% increase in gross dollar volume, on a local currency basis, to $1.1 trillion;
- An increase in cross-border volumes of 16%; and
- An increase in processed transactions of 12%, to 10.6 billion.
The addition of American Express means users can begin using their credit cards for in-store and in-app purchases.
Mizuho calls Visa a buy, MasterCard a neutral.
If you notice more people busting out a credit card, there is a reason.
Venmo keeps PayPal ahead of the curve and widens its moat.