Mastercard's purchase volume in the United States increased by roughly 240 billion dollars in 2022, which was less than Visa's increase. Visa's market share in the U.S. especially increased during the coronavirus pandemic, mostly as Americans used more debit cards. The growing use of debit cards in the U.S. may explain why the market share of American Express declined compared to the other schemes.
Value of card transactions with Visa, Mastercard, American Express, Discover in the United States from 2010 to 2022, regardless of situation
(in billion U.S. dollars)
Characteristic
Visa
Mastercard
American Express
Discover
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Statista. (February 28, 2023). Value of card transactions with Visa, Mastercard, American Express, Discover in the United States from 2010 to 2022, regardless of situation (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 16, 2024, from https://www.statista.com/statistics/678109/purchase-volume-payment-cards-usa-by-type/
Statista. "Value of card transactions with Visa, Mastercard, American Express, Discover in the United States from 2010 to 2022, regardless of situation (in billion U.S. dollars)." Chart. February 28, 2023. Statista. Accessed July 16, 2024. https://www.statista.com/statistics/678109/purchase-volume-payment-cards-usa-by-type/
Statista. (2023). Value of card transactions with Visa, Mastercard, American Express, Discover in the United States from 2010 to 2022, regardless of situation (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 16, 2024. https://www.statista.com/statistics/678109/purchase-volume-payment-cards-usa-by-type/
Statista. "Value of Card Transactions with Visa, Mastercard, American Express, Discover in The United States from 2010 to 2022, Regardless of Situation (in Billion U.S. Dollars)." Statista, Statista Inc., 28 Feb 2023, https://www.statista.com/statistics/678109/purchase-volume-payment-cards-usa-by-type/
Statista, Value of card transactions with Visa, Mastercard, American Express, Discover in the United States from 2010 to 2022, regardless of situation (in billion U.S. dollars) Statista, https://www.statista.com/statistics/678109/purchase-volume-payment-cards-usa-by-type/ (last visited July 16, 2024)
Value of card transactions with Visa, Mastercard, American Express, Discover in the United States from 2010 to 2022, regardless of situation (in billion U.S. dollars) [Graph], Statista, February 28, 2023. [Online]. Available: https://www.statista.com/statistics/678109/purchase-volume-payment-cards-usa-by-type/