Asia–Pacific’s 36 Largest Merchant Acquirers — 2022
Mastercard and Visa transactions processed by the 36 largest acquirers reached 19.94 billion, up 5% from 2021.
Area of Interest: Merchant Acquiring
Hyundai Pay Wallets
South Korea-based Hyundai has started to ship its entry-level Kona model to the US with a Hyundai Pay wallet built into the vehicle’s software.
Latin America’s Largest Merchant Acquirers — 2022
Owners of the 48 largest portfolios of merchant card processing contracts in Latin America and the Caribbean (LA&C) in 2022 are ranked on page 11. Collectively, these merchant acquirers processed 39.49 billion Mastercard and Visa card transactions, up 20.7% from 2021.
ACI and Dock Merchant Acquiring in Latin America
An acquiring-as-a-service (AaaS) technology partnership between ACI Worldwide and Dock is rolling out to merchants in Latin America, beginning in Brazil.
ConnexPay’s All-in-One Payment Platform
ConnexPay, which was formed in 2017, designed a single platform to handle both card acceptance and payments for future-delivery-type merchants. They currently have 250 clients, including 20 outside the US.
Skipify Launches Wallet with American Express
American Express is the first US card issuer to partner with Skipify on that company’s Card Linking digital wallet, an ecommerce checkout product that has been quietly in development for nearly three years. Amex has invested in Skipify in three funding rounds since 2021.
Online merchants connected to Skipify offer a location to input an email address at checkout rather than entering a card number to initiate a purchase. Skipify initiates transactions by sending a one-time passcode (OTP) to the cardholder’s mobile phone via text or app.
Wiseasy T2 Tablet POS
Wiseasy, the 22nd largest manufacturer of POS terminals worldwide and 18th largest in Asia-Pacific, has launched the T2 Tablet, which runs on Android 13 and has an octa-core, 2.0 GHz processor. The handheld device provides a 10.1-inch touchscreen that is capable of handling PIN input. Wiseasy is marketing the device for tabletop self-service, unattended […]
Block Sues Visa, Mastercard
Antitrust litigation (Block, Inc. v. Visa Inc., E.D.N.Y, No. 1:23-cv-05377) filed July 14, 2023, in the US District Court for the Eastern District of New York by Block, Inc., parent company of payment service provider and aggregator Square, alleges that Visa and Mastercard conspired to boost the fees paid by US merchants to accept credit […]
Private Equity Firms in Takeover Deals
GTCR and Brookfield Asset Management purchased merchant acquirers Worldpay and Network International.
US Card Spending at Merchants — 2022
Consumer and commercial credit, debit and prepaid general purpose card products issued in the US generated $10.263 trillion in purchase volume at merchants in 2022.
