payment card Archives | Be Korea-savvy

Payment Card Volume Topped $40 Trillion Worldwide in 2022

SANTA BARBARA, Calif., May 24 (Korea Bizwire) — New data from the Nilson Report shows that purchases of goods and services tied to credit, debit and prepaid cards combined with credit card cash advances and debit card withdrawals reached $40.645 trillion in 2022. This was a 4.4% increase over 2021. For the first time in [...]

Spending at Merchants on General Purpose Payment Cards Projected to Reach $48.670 Trillion by 2024 According to the Nilson Report

CARPINTERIA, Calif., Feb. 5 (Korea Bizwire) — Worldwide purchases of goods and services generated by credit, debit, and prepaid cards is projected to reach $48.670 trillion by 2024 according to the annual report Global Card Spending in the current issue of The Nilson Report, the top trade journal covering the card and mobile payment industries. [...]