Visa Tightens Grip On U.S. Credit Card Industry With Market Share Of Nearly 53%

U.S. credit card purchase volumes jumped 10% to reach a record high of $844 billion in Q2 2017. Visa gained the most from the continuing surge in cashless transactions, as the payment giant’s 19% y-o-y jump in the figure helped its market share increase from under 49% a year ago to almost 53% now.