PSCU Payments Index July 2023: A Deep Dive into the Services Sector

Summary: The July 2023 edition of PSCU Payments Index finds improved consumer sentiment and renewed purchasing growth for both credit and debit. In June, credit card purchases rebounded with positive year-over-year growth, while debit card purchases posted similar upward gains. This month’s Deep Dive highlights the Services sector, including which of the varied merchant groupings contributed to making this sector the most impactful on the overall growth in purchases for June.