There were 122 merger and acquisition (M&A)transactions in the merchant processing and acquiring sector of the payment card industry during 2022. Those deals occurred in 34 countries. There were 43 deals in the US, 37 in Europe, 25 in Asia-Pacific, 7 in the Middle East and Africa, 7 in Latin America and 3 in Canada.
UnionPay, Visa, Mastercard, American Express, JCB and Discover/Diners Club—the global network cards—are projected to generate 891.20 billion transactions in 2027, an increase of 42.3% over 2022. This is a compound annual growth rate (CAGR) of 7.3% per year.
On December 23, 2022, the US Federal Trade Commission (FTC) issued an order requiring Mastercard to fully comply with the 2010 Durbin Amendment to the Dodd-Frank Act, which requires that debit card issuers enable a minimum of two unaffiliated networks on every debit card.
There are over 90 general purpose card brands worldwide that operate only in their native country. These cards can be debit or credit. Collectively, they generated $516.05 billion in purchase volume in 2021.
The largest global networks of merchant acceptance locations belonged to Visa and Mastercard at the end of the third quarter of 2022. Both can firmly identify more than 80 million in-store and online outlets and micromerchants that use smartphones or handheld tablets to accept card payments.
JCB is Japan’s largest merchant acquirer. It will be the first company in that country to test acceptance of a simulated central bank digital currency (CBDC) in retail stores using existing card payment infrastructure.
DIVIDEBUY, a UK-based POS credit provider, leverage Acquired.com’s acquiring gateway and automated tools to reduce the number of transactions declined at DivideBuy’s merchants.
Walmart offers consumers connected to the FIS Premium Payback program real-time redemption of points awarded by their credit card and debit card issuer at its more than 4,700 stores in the US and Puerto Rico. Each of those stores has approximately 40 POS terminals.
From January 1 to June 30, 2022, Visa, UnionPay, Mastercard, JCB, Diners Club/Discover and American Express brand credit, debit and prepaid cards collectively generated 286.20 billion purchase transactions for goods and services worldwide. This was up 10.2% from the same period in 2021.
Nium is a global payment-as-a-service platform provider serving small and midsized companies that also offers API-based banking services. The company can make financial settlement on remittances and other payouts in 190 markets in local currency using its own bank accounts. Nium handled more than $8 billion in payments in 2021.
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