Commercial Credit Cards in Canada
Purchase volume for all 17 issuers listed was $90.54 billion in 2022. Small business credit cards accounted for 76.8%.
Region: Canada
Global Network Card Results Worldwide — 2022
Total volume—purchases of goods and services combined with cash advances and withdrawals—was $40.645 trillion in 2022, a local currency percentage increase of 4.4% over 2021.
Mastercard Supports Sustainable Payment Cards
Beginning January 1, 2028, card manufacturers worldwide will be required to produce new Mastercard brand cards from recycled or bio-sourced materials.
Kount 360 Payments, Identity and Compliance
The range of services available from Kount 360 help identify, prevent and respond to attempted fraudulent transactions.
Digital Currency Update
Stables, an Australia-based digital wallet provider, has partnered with Marqeta to offer a Mastercard prepaid card. Users can convert digital assets into fiat currency for retail spending. TBD, a Block-owned developer platform focused on digital currencies, has partnered with Yellow Card, a digital currency exchange that operates in 16 African countries. In March, the companies […]
Acquisitions and Financing Deals in Payment Cards — 2022
There were 54 acquisitions and financing deals in payment cards last year in 13 countries.
Digital Currency Update
Brazil’s central bank announced it would launch a CBDC pilot, with public testing taking place at the end of 2024. Bybit, a digital currency exchange, launched a Mastercard debit card for customers in Europe. Users will be able to spend from several digital currencies with automatic conversion to fiat at the point of sale, as […]
Canada Card Networks and Issuers
Combined purchase volume for Interac, Visa, Mastercard and American Express reached $860.68 billion, up 16.4% on a local currency basis. The number of general purpose cards in circulation in Canada was up 5.4% to 215.3 million.
BNPL Investments & Acquisition Deals
Since January 2022 there have been 39 transactions in the buy now, pay later (BNPL) industry in 20 countries. Among those transactions, 35 were investments or credit facility deals and 4 were acquisitions. The acquisitions were: UK-based Zopa Bank acquired UK-based BNPL provider DivideBuy, Japan-based MUFG Bank acquired 70% of Japan-based BNPL provider Kanmu, FinAccel […]
OpenWay SaaS Platform for CaaS Providers
Operating from the cloud allows OpenWay and its customers to use Way4 to offer a dedicated SaaS, including those wanting to offer their clients a Cards-as-a-Service platform.
