The Largest Merchant Acquirers Worldwide
Acquirers from two countries hit the 1 billion transaction mark for the first time: Akbank (Turkey) and Alfa Bank (Russia).
Region: Europe
Nexo’s Dual-Mode Card
Nexo, a digital assets institution providing crypto lending, exchange and storage, has offered its customers in the European Economic Area the Nexo Card, a crypto-backed Mastercard credit card, since April 2022. Cardholders can make purchases using a line of credit of up to 90% of the value of the 65 cryptocurrencies that Nexo users are able to dedicate as collateral.
SEB Kort Buys AirPlus Cards
SEB Kort, a payment card issuer with operations in Nordic countries, will purchase 100% of Germany-based Lufthansa AirPlus Servicekarten for $495 million (€450 million) in cash. The deal is expected to close in the first quarter of 2024. AirPlus had revenues of $255 million (€231 million) last year. Among credit card issuers in Europe, […]
Europe’s Global Network Cards
Purchase volume for goods and services tied to Visa, Mastercard, American Express and Diners Club brand credit, debit and prepaid cards issued in Europe reached $4.126 trillion in 2022. This was an increase of 3.6% over 2021 on a local currency basis. Mastercard purchase volume increased 20.7% to $1.806 trillion. Visa purchase volume was […]
Ubiquity Contact Center BPO
Ubiquity is unusual among customer experience (CX) providers in that its business process outsourcing (BPO) is almost entirely with regulated industries. The company provides outsourced contact center services to fintechs, healthcare providers, insurers and utility companies. Customers include BM Technologies, Current and Q2. The company employees more than 10,000 people and handles 173 million […]
Amadeus Invests in Travel Payment Business
Amadeus has become the world’s largest provider of IT and related services to airlines. Since 2010, the company has also served customers in the hospitality, airport and online travel agency industries.
Private Equity Firms in Takeover Deals
GTCR and Brookfield Asset Management purchased merchant acquirers Worldpay and Network International.
Weavr Offers Plug-and-Play Embedded Finance
The company’s software plugs into the IT infrastructure used by its customers.
Commerce-Based Rewards from Valuedynamx
Valuedynamx connects rewards programs that collectively account for 400 million members to merchants offering rewards or deals.
50 Largest Credit and Debit Card Issuers in Europe
The top 50 issuers operated from 30 countries. As of December 31, 2022, this group had 1.01 billion payment cards in circulation that generated $3.452 trillion in purchase volume.
