Global Payments Market
In 2005, an estimated $40 trillion globally passed through some type of payment system. Roughly $12 trillion of that was transacted through various credit cards, mostly the 21,000 member banks of Visa and MasterCard. Processing payments, including the extending of credit, produced close to $500 billion in revenue.
Read more about this topic: Payment
Famous quotes containing the words global and/or market:
“Ours is a brandnew world of allatonceness. Time has ceased, space has vanished. We now live in a global village ... a simultaneous happening.”
—Marshall McLuhan (19111980)
“But the nomads were the terror of all those whom the soil or the advantages of the market had induced to build towns. Agriculture therefore was a religious injunction, because of the perils of the state from nomadism.”
—Ralph Waldo Emerson (18031882)