Proprietary identity management technology from Car IQ can turn a car or truck into a vehicle that transacts directly with a merchant for payment of fuel, repairs, parking, tolls and more, replacing the use of a fleet credit card.
Merchant acquirers in the Latin America and the Caribbean (LA&C) region that owned the 45 largest portfolios of payment card processing contracts in 2021 are ranked on page 6. Collectively, they processed 32.69 billion Visa and Mastercard card transactions, an increase of 31.1% from 2020.
Payments made for purchases of games, apps, subscriptions (cable TV, telecom, mobile) and streaming services reached $230 billion in 2021—app store spending was $170 billion and streaming entertainment was $60 billion.
Merchant acquiring assets at Worldline in the Asia-Pacific region include its majority ownership (51%-49%) in ANZ’s portfolio of merchant services contracts for the bank’s customers in Australia, ownership of Paymark in New Zealand, operations in India and a new business in Japan. The company also has offices in Singapore and China.
From January 1 through June 30, 2022, American Express, Discover, Mastercard and Visa credit, debit and prepaid cards combined generated 67.57 billion transactions for purchases of goods and services. There were 6.01 billion more purchase transactions in the first six months of 2022 than the first six months of 2021, an increase of 9.8%.
Visa, Mastercard, American Express and Diners Club credit, debit and prepaid cards issued in the Middle East and Africa (MEA) region generated $1.546 trillion in total volume in 2021. This was an increase of 23.3% from 2020. Total volume is the combination of purchases of goods and services with cash advances and cash withdrawals.
Payment platform provider Xpate offers support to small and midsized merchants including instant access to funds from ecommerce sales. The company offers that liquidity in partnership with Latvia-based Industra Bank.
Amsterdam-based Adyen, Europe’s seventh largest merchant acquirer, will soon begin marketing two mobile point-of-sale devices. Both were designed in-house and operate on the Adyen platform.
Paying with the swipe of a hand rather than with a card or mobile device is the business of Walletmor. The company provides an implant containing a passive near field communication (NFC) chip, which has no power source but can write data to a card reader.
NEOFY is a cloud-based provider of a predominantly pay-as-you-go SaaS platform that enables creation of a regulatory-compliant and operationally ready neobank.
