Number of credit cards with the Visa brand on them: 1.7 billion
Number of credit cards with the Mastercard brand: 959 million
Number of transactions processed by VisaNet in their latest quarter: 10.3 billion
Number of transactions processed by Banknet (MC) in the past year: 21 billion
Let’s put it on a scale for perspective,
Approx. Visa/MasterCard transactions per year: 62,000,000,000 (that’s billion)
Number of seconds per year: 31,556,926
That’s 1,971 Visa & MasterCard transactions per second!
Estimated cardholders worldwide: 400,000,000 (400 million)
That’s 6.64 cards per cardholder!
Now assuming that everyone uses their cards equally,
That’s 155 transactions per person per year! (or one transaction each every 2.3 days)
Thursday, January 7, 2010
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