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.
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.
Businesses that operate in multiple countries face a challenge when handling management of expenses, accounts payable and accounts receivable in separate countries. Because data needs to be reconciled into a central enterprise resource planning (ERP) system, siloed business units make monthly reconciliation a lengthier process than if there were a single management system covering all countries.
An acquiring-as-a-service (AaaS) technology partnership between ACI Worldwide and Dock is rolling out to merchants in Latin America, beginning in Brazil.
Brazil-based banking and payment software provider Pismo will be acquired by Visa for $1 billion in cash. The transaction is expected to close by the end of 2023.
Pismo received $118 million in two rounds of funding (2016 and 2021) from investors including Accel Partners, Amazon and Softbank.
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.
Beginning January 1, 2028, card manufacturers worldwide will be required to produce new Mastercard brand cards from recycled or bio-sourced materials.
Visa, Mastercard, American Express and Diners Club credit, debit and prepaid cards issued in Latin America and the Caribbean (LA&C) generated $1.207 trillion in purchase volume in 2022, up 33.9% on a local currency basis versus 2021.
