Visa, UnionPay, Mastercard, American Express, JCB and Discover/Diners Club brand credit, debit and prepaid cards combined generated 363.93 billion purchase transactions for goods and services worldwide from January 1 through June 30, 2024. This was a 13.1% increase from the same period in 2023.
Card-not-present and card-present locations grew by double digits over the last 12 months. Card-present growth was fueled by softPOS—the use of smartphones and tablet devices, mostly Android-based—that can accept card payments without the need for any PCI-compliant peripheral device.
Among all PSPs in China, Lakala ranks as the largest when measuring card transactions processed. Card brands accepted include UnionPay, Visa, Mastercard, American Express, JCB and Discover. Financial settlement with merchants for all card brands is made through UnionPay.
Authorized push payment fraud and social engineering scams typically originate via an email, text message or social media post. Funds are then sent to a mule account. Successfully laundering money can involve up to 10 accounts.
Purchase volume generated by the 150 largest credit card issuers in the world reached $13.512 trillion in 2023. This group represented issuers from 52 countries. The 10 largest issuers accounted for 45.1% of purchase volume among the 150 largest. Those 10 issuers included 5 from the US that collectively accounted for $4.032 trillion and 5 […]
Purchase volume combined with cash advances and cash withdrawals tied to global brand, domestic-market-only and private label credit, debit and prepaid cards was $51.435 trillion worldwide in 2023. This was an increase of 4.7% from $49.149 trillion in total volume in 2022.
Purchase volume generated by debit cards from the 150 largest issuers combined reached $11.375 trillion in 2023.
Ingenico, best known as a top global manufacturer of POS terminals, has formed a partnership with cryptocurrency trading platform Crypto.com.
Shipments of 4.52 billion payment cards from the world’s largest manufacturers were published in issue 1272. In issue 1273, we published shipments of 8.79 billion SIM and other nonpayment cards. Figures shown here include payment and nonpayment cards manufactured using embedded fingerprint sensor technology, metals, recycled plastic and biodegradable materials. Not all manufacturers provided this […]
Of the 50.8 million devices shown here, 39.8% were QR code readers, 34.5% were non-PCI certified devices, 14.6% were dongles, 7.1% were ECRs and 4.0% were multilane and PIN entry or contactless only PIN pads.
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