Analysis reveals multiple pressures on European card spending
1Oct 31 · 13d ago · 2 posts · 2 comments · 2 sources · development 1 of 2
Detailed examination of Mastercard's operating data shows Europeans took out less cash (a first decline in the covered period), signed up for fewer new cards, and spent across European borders at a slower pace. Cash volume declined for the first time, adding to signs of structural slowdown beyond year-over-year comparison.
ppc.land
“Purchases on Mastercard-branded cards in Europe grew 10.3% in local currency in the third quarter of 2026, down from 13.2% a year earlier, according to the earnings release Mastercard issued on October 29, 2026.”
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What people said 2 voices · verbatim
K
Does it default though? I use tap with Google Wallet because it's very convenient but I'm pretty sure that's being processed as a Visa or MasterCard payment. Not saying that everyone does this but it's clearly taking off
Sure: but most Europeans travel and need cross country payments in Europe. It doesn’t matter if Europe is a country or not. It’s a market and it needs payment infrastructure