Issue 1192 | Feb 2021
Companies featured in this issue include:
Top U.S. General Purpose Credit Cards
Top 50 U.S. Issuers of Visa and Mastercard Credit Cards
Stripe-Owned Paystack Processes Online Card Payments in Africa
Pentadata API Platform for Developers
Biometric Card in China for CBDC Payments
Discover and Sezzle are Partners for Enterprise BNPL
Top Issuers of General Purpose Credit Cards in the U.S.–Purchase Volume
Market Shares of Outstandings for Top U.S. Issuers in 2020
Top U.S. Credit Card Issuers in the U.S.
Top 50 Visa and Mastercard Credit Card Issuers in the U.S.
Top 50 Visa and Mastercard Credit Card Issuers in the U.S.
The 50 largest issuers of Visa and Mastercard credit cards in the U.S. are ranked by outstanding receivables as of December 31, 2020. The total for that group was $634.19 billion, down 14.3%. The 5 largest are listed here.
1. JPMorgan Chase, Delaware
$144.22 billion outstandings, -14.6%
2. Citi, South Dakota
$100.82 billion outstandings, -12.9%
3. Capital One, Virginia
$87.93 billion outstandings, -17.9%
4. Bank of America, Delaware
$87.24 billion outstandings, -18.9%
5. U.S. Bank, Ohio
$37.20 billion outstandings, -10.2%
Full access to the Top 50 Visa & Mastercard Credit Card Issuers results in the U.S. is available when you subscribe to the Nilson Report.
POSTED FEB 28, 2021 | PRINT
Stripe-Owned Paystack Processes Online Card Payments in Africa
More than 60,000 online merchants, most based in Nigeria, use Paystack to process card payments. The company launched in 2016. A year later, it received $8 million in a Series A funding round led by Stripe, which also included Visa and Tencent. Last year, Stripe acquired Paystack for more than $200 million.
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