Credit programs at Visa (V) have witnessed a rise of 8% on a year-over-year or YoY basis due to a rise in credit payments in the United States and internationally. In fiscal 4Q17, the company managed to report total credit card volumes amounting to $1.09 trillion, compared to $1.01 trillion in fiscal 4Q16.
Out of the total credit card volumes, the United States has witnessed payments volumes amounting to $449 billion while, internationally, the company garnered payment volumes of $646 billion in fiscal 4Q17.
Visa’s total debit card payments volumes rose 13% on a YoY basis in fiscal 4Q17. The company’s total debit card payment volumes stood at $835 billion in fiscal 4Q17, compared to $741 billion in fiscal 4Q16.
In fiscal 4Q17, out of the total debit card volumes, the United States has managed to garner $388 billion while, on an international basis, the company managed to garner debit card volumes of $447 billion.
Total payments volume
Visa’s total payments volume in fiscal 4Q17 stood at $1.93 trillion, compared to $1.75 trillion in fiscal 4Q16—reflecting a 10% YoY rise. Of the total payments volumes in fiscal 4Q17, Asia-Pacific has managed to record a payment volume of $441 billion while Europe contributed $402 billion.