Mastercard added seven startups to its crypto accelerator program. The companies specialize in payments to merchants, remittances, privacy and loyalty, among other areas. Mastercard says that 350 companies have participated in the program since 2014.
Purchase volume (spending for goods and services) of the Latin America and Caribbean (LA&C) region’s 50 largest general purpose payment card issuers reached $786.36 billion in 2021, up 28.8% over 2020.
The 150 largest acquirers of general purpose credit, debit and prepaid card payments from merchants worldwide are listed here based on transactions processed in 2021. Total transactions of 416.55 billion processed by this group increased 17.9% from 2020.
Payment cards shipped by the manufacturers listed here totaled 4.47 billion in 2021. Included in the 2021 shipment figures were 3.73 billion chip cards and 638.9 million magnetic-stripe-only cards.
Plaid launched Wallet Onboard, a product that allows developers to offer connections among more than 300 self-custody crypto wallets using a single integration and a UI that is familiar to existing Plaid users. Wallet Onboard is built on Plaid Link, a platform that lets consumers connect their financial accounts across thousands of fintech apps and services.
Merchants that sell online and provide immediate delivery of their goods or services, sometimes called on-demand or quick-commerce merchants, are experiencing rising losses to fraud. Those losses are particularly painful because profit margins in this sector, which includes the delivery of food and alcoholic beverages, fashion and travel, are often thin.
Point-of-sale terminal shipments worldwide reached 136.0 million in 2021, up 4.3% over 2020. Shipments of these devices by manufacturer and region are presented on pages 6 and 7. 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 payment.
There were 68 merger and acquisition transactions in the merchant processing and acquiring sector of the payment card industry during the first six months of 2022.
Virtual numbers (tokens) are used as a substitute for a cardholder’s primary account number (PAN) in payment wallets (in phones and watches) and when stored at a merchant’s data center (to handle recurring purchases) as well as in nonpayment applications to replace personally identifiable information (PII).
Providing a risk assessment on consumer purchases from Virtual Asset Service Providers (VASPs) is the aim of Crypto Secure, a service Mastercard is making available to card issuers worldwide. VASPs are 3,600 crypto exchanges and other companies that sell digital currencies.
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