Mastercard: Tokenized Transactions Grow 50% Year Over Year
Mastercard(MA) PYMNTS·2024-05-01 17:35Mastercard said in its most recent earnings report on Wednesday (May 1) that the shift to digital payments from cash is gaining strength, and contactless and tokenized transactions are proving to be strong tailwinds.Worldwide gross dollar volume (GDV) increased by 10% year over year to $2.3 trillion. In the U.S., GDV increased by 6% to $712 billion with credit growth of 6% with credit growth of 12% and debit growth of 13%. Overall, cross-border volume increased 18% globally.CEO Michael Miebach said that in ...