SAN FRANCISCO—Is the pandemic giving Visa a slight advantage on Mastercard?
A new report suggests that’s the case.
“Visa and Mastercard are often viewed as one and the same in the investment community, but the small differences between their businesses are coming into focus as the Covid-19 alters the way people spend their money,” explained MarketWatch.
As CUToday.info has extensively reported, consumers have been showing an increasing preference for debit cards versus credit cards given the weak economic climate brought on by the pandemic.
“And right now this skew favors Visa, which has a larger debit business,” MarketWatch said.
Visa generated 52% of its volume in the September quarter from debit transactions, compared with 44% for Mastercard.