Card usage jumps

PUBLISHED : Friday, 15 November, 2002, 12:00am
UPDATED : Friday, 15 November, 2002, 12:00am
 

Cardholder purchases and cash transactions grew at a faster pace in the Asia-Pacific region excluding China than the global average in the first three quarters. MasterCard yesterday said the increase was driven by strong results in Korea, Australia and Japan. Cardholder purchases and cash transactions, measured by gross dollar volume (GDV), rose 23.4 per cent year on year to US$128.6 billion in the period. MasterCard recorded year on year GDV growth of 28.3 per cent in Korea, 15.7 per cent in Australia and 11.5 per cent in Japan.


Share

 

Send to a friend

To forward this article using your default email client (e.g. Outlook), click here.

Card usage jumps

Enter multiple addresses separated by commas(,)

For unlimited access to:

SCMP.com SCMP Tablet Edition SCMP Mobile Edition 10-year news archive