UnionPay's global market share grew faster than that of MasterCard, whilst Visa's worldwide market position declined. This is not to say that Visa's transaction volume worldwide declined: It increased by roughly 18 billion purchases between 2021 and 2022. Compared to the number of transactions from UnionPay and MasterCard, however, Visa's transactions did not increase as much - leading to a declining market share.
Market share of global general purpose card brands American Express, Diners/Discover, JCB, Mastercard, UnionPay and Visa from 2014 to 2022, based on number of transactions
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Statista. (May 31, 2023). Market share of global general purpose card brands American Express, Diners/Discover, JCB, Mastercard, UnionPay and Visa from 2014 to 2022, based on number of transactions [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/278970/share-of-purchase-transactions-on-global-credit-cards/
Statista. "Market share of global general purpose card brands American Express, Diners/Discover, JCB, Mastercard, UnionPay and Visa from 2014 to 2022, based on number of transactions." Chart. May 31, 2023. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/278970/share-of-purchase-transactions-on-global-credit-cards/
Statista. (2023). Market share of global general purpose card brands American Express, Diners/Discover, JCB, Mastercard, UnionPay and Visa from 2014 to 2022, based on number of transactions. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/278970/share-of-purchase-transactions-on-global-credit-cards/
Statista. "Market Share of Global General Purpose Card Brands American Express, Diners/Discover, Jcb, Mastercard, Unionpay and Visa from 2014 to 2022, Based on Number of Transactions." Statista, Statista Inc., 31 May 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/278970/share-of-purchase-transactions-on-global-credit-cards/
Statista, Market share of global general purpose card brands American Express, Diners/Discover, JCB, Mastercard, UnionPay and Visa from 2014 to 2022, based on number of transactions Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/278970/share-of-purchase-transactions-on-global-credit-cards/ (last visited November 10, 2024)
Market share of global general purpose card brands American Express, Diners/Discover, JCB, Mastercard, UnionPay and Visa from 2014 to 2022, based on number of transactions [Graph], Statista, May 31, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/278970/share-of-purchase-transactions-on-global-credit-cards/
