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US card payments market to grow at a CAGR of 4.15% between 2012-17
The US Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape - a new market research report on 2014-03-20 23:01:01
The US card payments channel registered marginal growth during the review period (2008–2012). The nation´s positive economic outlook, need for more sophisticated prepaid and charge card products, popularity of online and mobile shopping, and an increase in per capita income supported the growth. During the review period, the channel´s market size increased at a CAGR of 1.79% in volume terms to reach 1.5 billion cards in circulation in 2012. In value terms, the channel valued US$4.9 trillion in 2012.
The US card payments channel grew both in volume and value terms during the review period. In terms of transaction volume, the channel grew at a review-period CAGR of 1.79% from 1.4 billion transactions in 2008 to 1.5 billion in 2012. It is anticipated that this volume will grow at a CAGR of 2.68% over the forecast period (2013–2017), to reach 1.8 billion transactions in 2017.
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