Most micro merchants are counted along with other small merchants that are aggregated together by payment facilitators (payfacs) that serve these customers, accounting for an estimated 30 million acceptance locations worldwide.
When a shopper enters a store that uses Amazon’s technology, they tap a mobile wallet or payment card on a reader installed in a Just Walk Out pedestal to trigger a preauthorization of a purchase amount.
Worldline supports more than 1 million merchants in Europe, North America, Latin America and Asia-Pacific. They generate nearly 30 billion transactions annually, including transactions handled as a third-party processor. The number of digital merchants exceeds 250,000. Those businesses generate more than 2.5 billion transactions annually.
Point-of-sale terminal shipments worldwide reached 148.3 million in 2022, up 4.5% over 2021. POS terminals counted include countertop, multilane, tablet and handheld devices with integrated chip and/or magnetic stripe card readers, unattended devices, terminals that can read QR codes and also accept cards and those that can read a biometric identifier and then facilitate a […]
Acquirers from two countries hit the 1 billion transaction mark for the first time: Akbank (Turkey) and Alfa Bank (Russia).
The company has grown at 200% annually over the last two years. It expects to process at least 100 million payments over the next 12 months.
Mastercard and Visa transactions processed by the 36 largest acquirers reached 19.94 billion, up 5% from 2021.
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.
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.
An acquiring-as-a-service (AaaS) technology partnership between ACI Worldwide and Dock is rolling out to merchants in Latin America, beginning in Brazil.
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