The most popular payment method worldwide in 2021, depending on the purchase volume, became UnionPay debit cards, which for the first time bypassed the leader of the past years - Visa credit and debit cards . This was reported in the Nilson Report, Maps Around the World.
According to the report, the volume of purchases of goods and services worldwide in 2021 increased by $ 2.786 trillion or 22% and amounted to $ 15.422 trillion. If we compare the volumes of purchases made with credit cards, then the share of Visa cards from 39.22% decreased by 262 points, the share of MasterCard fell by 158 points to 26.08%, and UnionPay's share in the credit card market increased by 534 points to 20, 39%. The share of American Express fell by 109 points to 11.79%, JCB - increased by 3 points to 2.21%, Diners Club - decreased by 8 points to 0.32%.
If we compare purchases made with debit cards, then the share of UnionPay increased by 738 points to 47.19%. This growth made UnionPay the largest debit card issuer based on purchase volumes. The share of Visa, in turn, fell by 605 points to 40.62%, while MasterCard fell by 133 points to 12.20%.
The total number of credit, debit and prepaid cards in circulation in 2013 was 8.33 billion, up 13.3% or 975 million cards from 2020.
According to the report, the volume of purchases of goods and services worldwide in 2021 increased by $ 2.786 trillion or 22% and amounted to $ 15.422 trillion. If we compare the volumes of purchases made with credit cards, then the share of Visa cards from 39.22% decreased by 262 points, the share of MasterCard fell by 158 points to 26.08%, and UnionPay's share in the credit card market increased by 534 points to 20, 39%. The share of American Express fell by 109 points to 11.79%, JCB - increased by 3 points to 2.21%, Diners Club - decreased by 8 points to 0.32%.
If we compare purchases made with debit cards, then the share of UnionPay increased by 738 points to 47.19%. This growth made UnionPay the largest debit card issuer based on purchase volumes. The share of Visa, in turn, fell by 605 points to 40.62%, while MasterCard fell by 133 points to 12.20%.
The total number of credit, debit and prepaid cards in circulation in 2013 was 8.33 billion, up 13.3% or 975 million cards from 2020.
