PenFed Pentagon Federal Credit Union Gold Visa Credit Card

What’s more popular: Visa or Mastercard?

When it comes to paying for goods and services, two of the most popular payment networks available are Visa and Mastercard. Both companies offer debit, prepaid, and credit cards to customers across the world, but which is more popular? To answer this question, let’s take a look at the history of both companies, their market share, their customer loyalty, and their acceptance worldwide.

History of Visa and Mastercard

Visa was founded in 1958 as the BankAmericard association, which was later renamed to Visa, Inc. in 1976. The company has grown significantly over the years, and today it is one of the world’s largest payment networks. Visa is accepted at more than 44 million merchants, and its cards are available in more than 200 countries and territories.

Mastercard was founded in 1966 and was originally known as Interbank Card Association. Its name was changed to Mastercard in 1979. Much like Visa, Mastercard is accepted at merchants around the world, and its cards are available in more than 200 countries and territories.

Market Share

When it comes to market share, Visa has a slight edge over Mastercard. According to data from 2019, Visa held a market share of 44.7%, while Mastercard had a market share of 33.5%. Both companies have seen steady growth in their market share over the years, and it is likely that Visa will continue to be the leading payment network in the coming years.

Customer Loyalty

When it comes to customer loyalty, both Visa and Mastercard have strong followings. Visa’s loyalty program, Visa Signature, offers exclusive benefits and rewards to customers who use their cards. Mastercard also offers its own loyalty program, Mastercard Rewards, which offers exclusive offers and discounts to cardholders.

Acceptance Worldwide

Both Visa and Mastercard are accepted at merchants around the world. Visa is accepted in more than 200 countries and territories, while Mastercard is accepted in more than 150 countries and territories. While both companies are accepted in a majority of the world’s countries and territories, Visa is more widely accepted than Mastercard.

Conclusion

When it comes to which payment network is more popular, Visa and Mastercard are very evenly matched. Both companies have a strong presence in the payments industry, and they both offer loyalty programs to customers. However, Visa has a slight edge in terms of market share and acceptance worldwide.

Key Points

• Visa was founded in 1958, while Mastercard was founded in 1966.
• Visa holds a market share of 44.7%, while Mastercard holds a market share of 33.5%.
• Both Visa and Mastercard offer loyalty programs to customers.
• Visa is accepted in more than 200 countries and territories, while Mastercard is accepted in more than 150 countries and territories.
• Visa has a slight edge over Mastercard in terms of market share and acceptance worldwide.

What’s more popular Visa or Mastercard? – Review

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PenFed Pentagon Federal Credit Union Gold Visa Credit Card – What’s more popular Visa or Mastercard?

ByRobert Dunfee