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What's the difference between volume and transaction? I have been analyzing the payment industry. And I read one report. It shows historical market share of the network companies, such as MasterCard and visa card, by their volume and transactions separately. Can someone tell me what's the difference in this case? It has confused me so much. Thank you in advance.
Aug 14, 2019 3:15 PM
Answers · 4
"transaction" means goods and money exchanging hands - i.e. an instance of a dealing. "volume" is a loose word for a measure of scale (dimension, weight, magnitude, frequency, number etc). So the two are not directly related, but the important attributes of transactions are the number of instances and the amount of money involved. If someone lists transactions and volume, most likely the former is "number of transactions" and the latter the amount of money involved in the transactions.
August 14, 2019
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