A ranking of the 41 largest merchant acquirers in Latin America and the Caribbean (LAC) based on card payments processed in 2017 appears on page 9. Collectively, these acquirers processed 18.86 billion Visa and Mastercard transactions from 5.9 million active merchant outlets in LAC. Purchase volume—spending for goods and services—generated by those transactions was $641.25 billion. The six largest acquirers—Cielo, Rede, Getnet, BBVA Bancomer, Transbank, and Prisma Medios de Pago—combined to process 79% of all Visa and Mastercard transactions handled by the top 41. Acquirers listed h...