Mastercard Reports Purchase Volume Down at End of Q2

PURCHASE, N.Y.—Mastercard reported total U.S. purchase volume of $405 billion in the quarter ended June 30, down 5% from $427 billion a year earlier.

Mastercard’s worldwide purchase volume slipped 9% to $1.04 trillion.

Mastercard reported U.S. credit volume was down 21% year-over-year to $179 billion. Conversely, Mastercard’s U.S. debit and prepaid card purchase volume rose 13% to $226 billion even though the number of debit transactions slipped 2% to 4.91 billion, Digital Transactions reported.

That combination pushed the average U.S. debit ticket 16% higher to $46.05 from $39.70 in 2019’s second quarter. Mastercard said its online purchase volume and contactless transactions at the point of sale are way up, Digital Transactions said.

 

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