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Consumer Spending Via Electronic Payments Sees Growth, ETA/TSG Report Finds

Transaction Trends

Despite lower year-over-year gas prices and reduced year-over-year sales in certain merchant categories, overall spending growth via electronic payments like debit cards, credit cards and mobile payments saw a 4.8 percent increase year-over-year from the fourth quarter 2017 to the fourth quarter 2018, according to a new analysis from the Electronic Transactions Association and The Strawhecker Group™.

The ETA/TSG U.S. Spending Snapshot, released at TRANSACT, the global trade event for the payments technology industry, found that the 4.8 percent year-over-year growth in Q4 2018 paced slightly behind Q4 2017’s year-over-year growth of 5.1 percent.