Mastercard has made a $300-million investment in the cross-border business unit of Corpay, a corporate payments company whose shares trade on the New York Stock Exchange. The companies are already partners for Mastercard branded purchasing, fleet and prepaid commercial cards issued in the US. Collectively, those cards generate more than $50 billion annually in purchase […]
In 2024, the value of 67 investment transactions for which the monetary value was announced amounted to $5.51 billion. This compares to 85 deals with announced values totaling $8.90 billion in 2023.
Total credit card volume (purchases and cash advances) was $224.58 billion for Discover Financial Services (DFS) in 2024, a decline of 3.5%. Cash advances were 5.49% of total volume, down from 6.39% in 2023. Outstanding credit card receivables at year-end 2024 were up 0.5% to $102.79 billion.
France is the largest payment card market in the European Economic Area with purchase volume exceeding $770 billion annually. However, card acceptance and merchant acquiring in France is poised for disruption.
There were 42 acquisitions and financing deals involving consumer and commercial credit, debit and prepaid card issuance and card account processing in 2023.
Nuvei processed more than $200.00 billion in payments (up nearly 59%) and generated $1.19 billion in revenue (up 41%) in 2023.
In addition to the investment deals shown here, there were 75 merger and acquisition transactions in the merchant acquiring and processing sector last year.
There were 25 deals in the US, 23 in Europe, 12 in Asia-Pacific, 7 in the Middle East and Africa, 6 in Latin America and 2 in Canada.
Brazil-based banking and payment software provider Pismo will be acquired by Visa for $1 billion in cash. The transaction is expected to close by the end of 2023.
Pismo received $118 million in two rounds of funding (2016 and 2021) from investors including Accel Partners, Amazon and Softbank.
There were 54 acquisitions and financing deals in payment cards last year in 13 countries.
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