Lakala is Top PSP for Card Payment Acceptance in China

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Lakala is Top PSP for Card Payment Acceptance in China

Payment service provider (PSP) Lakala Payment Company processes over 40 million transactions daily from the 30 million merchants it supports in China. The monetary value of those payments exceeds $62 billion annually. 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. When measured by the number of QR code-based payments acquired, Lakala is the third largest PSP in China...

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Nilson Report

1276

December 2024

Headlines in this Issue

Charts in this Issue

Card Fraud Worldwide–Fraud Losses Inside and Outside the US
Fraud by Type of Card 2023 with Change vs. 2022
Projected Card Fraud Losses in Basis Points and Dollars 2021 through 2033
Card Fraud and Total Volume Worldwide 2000 through 2023 YOY Increases/Decreases
150 Largest Credit Card Issuers Worldwide
Global Card Acceptance Locations 2018 through Midyear 2024
Merchant Acceptance Locations—As of June 30, 2024
Spending on US Commercial And Consumer Cards
Global Brand General Purpose Cards Midyear 2024 with Change vs. Midyear 2023

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Lakala is Top PSP for Card Payment Acceptance in China

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