The Primax Payments Pulse provides timely, relevant insights into consumer spending trends. This special edition of the report takes a look at year-over-year, same-store financial institution comparisons and provides a three-month view of consumer transactions and trends during the 2021 holiday spending season.
Key takeaways from the report include:
- Credit card usage continues to rise. Consumer spending was very strong for both credit and debit purchases in the fourth quarter, with growth in credit continuing to outpace debit.
- Growth in our same-store population of financial institutions outpaced market predictions. The strongest period for purchases remained Thanksgiving week through the week before Christmas. Notably, consumers resumed in-person holiday shopping, with Goods sector Card Present (CP) credit purchases up 20.9% and CP debit purchases up 12.4% compared to 2020.
Complete the form to access the Primax Payments Pulse: 2021 Holiday Spending Report.