Nilson Report

Issue 1197 | May 2021

FEATURED COMPANIES

Companies featured in this issue include:

Europe’s Top Merchant Acquirers—Ranked by Purchase Volume

Europe’s Top Acquirers of Domestic Credit and Debit Cards

Europe’s 45 Largest Merchant Acquirers—Ranked by Mastercard and Visa Transactions

Top Acquirers of Web Transactions in Europe

U.S. General Purpose First Quarter Card Results 

Investments & Acquisitions—April 2021

U.S. General Purpose First Quarter Card Results

Card results for the first quarter of 2021 for Visa, Mastercard, Amex and Discover, including purchase volume (spending for goods and services) and purchase transactions are presented in this issue. Credit card purchase volume is shown below.

Visa
$500.47 billion purchase volume, +1.6%
Mastercard
$219.90 billion purchase volume, +1.4%
American Express
$185.95 billion purchase volume, -3.7%
Discover
$37.74 billion purchase volume, +11.1%

Full access to the U.S. General Purpose First Quarter Card Results with change versus first quarter 2020 is available when you subscribe to the Nilson Report.

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POSTED MAY 17, 2021 | PRINT

Top 45 Merchant Acquirers in Europe

Please note: Only subscribers can access the charts included with this article.

The chart on this page ranks Europe’s 9 largest merchant acquirers based solely on domestic market-only general purpose debit and credit purchase transactions they processed last year. There were nine domestic-only general purpose debit and credit card brands handled by Europe’s 45 largest acquirers. Purchase transactions (spending for goods and services) grew 53.2% in 2020 over 2019. Mir, Girocard, Dankort, Bancontact and Pagobancomat were the largest domestic-only card brands.

The table on pages 6 and 7 ranks the 45 largest acquirers of Mastercard (including Maestro) and Visa (including Electron) and credit, debit and prepaid card payments based on transactions processed in 2020 from 17.0 million active merchant outlets in Europe. Purchase transactions counted include in-store, online and mobile (web and in-app). 

The top 45 acquirers processed 98.52 billion Mastercard and Visa card transactions last year, an increase of 4.3% over 2019. That compares to a 19.5% year-over-year increase for the previous year. The sharp drop in growth rate is attributable to the global pandemic. Purchase volume (spending for goods and services) was a combined $3.342 trillion, a decrease of 2.1% over 2019. 

More than 1 billion Mastercard and Visa card payments in 2020 were handled by 24 acquirers in Europe. Collectively they acquired 87.8% of all purchase transactions and 86.1% of all purchase volume.

Europe’s largest Mastercard and Visa merchant acquirer in 2020 was Sberbank. It has held the top position for the last five years based on its domination of the acquiring business in Russia where it is 20 times larger than its nearest competitor. 

Worldline moved up six places to become Europe’s 6th largest Mastercard and Visa acquirer in 2020 through consolidation of its acquisitions of Six Payment Services, Paysquare, Bambora and Ingenico, including that company’s joint venture with Payone. Worldline owns 60% of Payone. 

Adyen became Europe’s 8th largest acquirer, up from 10th in 2019. Nexi Payments became 15th largest, up from 19th, due in part to its acquisition of Intesa Sanpaolo. AIB Merchant Services moved up to 20th from 27th. Turkey-based Yapi Kredi Bank moved up two places, while two other acquirers in that country, T. Isbank and Akbank, both moved up three places. 

The biggest mover on the ranking was CSOB, which jumped  nine places to 32nd from 41st. Santander España Merchant Services and Bankia moved up five places to claim the 33rd spot and 35th spot respectively. BofA Merrill Lynch Merchant Services moved to 39th from 42nd. Global Payments moved up three places to claim the 40th spot, and Vakifbank moved up three places to the 41st spot.

T. Halk Bankasi and Valitor made the top 45 ranking for the first time, moving into the 43rd and 45th places respectively.

The 45 largest acquirers handled 22.35 billion web-based transactions last year, an increase of 23.4%. Those transactions were valued at $1.077 trillion. 

JPMorgan Merchant Services was the largest acquirer in this category. Among the top 45 acquirers in Europe, JPMorgan held a 23.4% market share of all web-based transactions. Adyen’s share was 16.3%, Worldpay’s share was 13.7%, Sberbank’s share was 7.9% and Barclays held a 5.9% share. 

The 45 largest acquirers handled 333.2 million transactions from American Express, Diners Club, Discover, JCB and UnionPay credit cards last year, up 5.7%. Those payments were valued at $20.69 billion. JPMorgan Merchant Services acquired 50.7% of that purchase volume. 

Domestic-only debit and credit card transactions processed by the top 45 acquirers in Europe reached 16.86 billion in 2020, up 53.1% from the prior year, and generated $452.44 billion in purchase volume. Figures for all acquirers that handled domestic-only debit and credit cards are provided in the footnotes. Growth in domestic-only card transactions exceeded growth in global brand cards for the fourth consecutive year. 

Russia-based Mir led Europe’s domestic-only debit and credit card brands with 8.97 billion transactions handled by acquirers listed here. In 2020, Sberbank acquired 8.27 billion Mir transactions. Another 701.1 million Mir transactions were acquired collectively by Gazprombank, Russian Standard Bank, Tinkoff Bank and VTB Bank. 

In Belgium and Germany, Worldline acquired 3.61 billion Bancontact and girocard transactions. In Denmark and Germany, Nets acquired 1.80 billion Dankort and Girocard transactions.

In Italy, UniCredit and Nexi Payments, including its acquisition of Intesa Sanpaolo, combined to acquire 1.07 billion Pagobancomat transactions.

Garanti, Yapi Kredi Bank, T. Isbank and Akbank acquired 68.5 million Troy transactions in Turkey.  

Among the 45 largest acquirers there were 383.4 million mobile app-based transactions from Mastercard (including Maestro) and Visa (including Electron) credit, debit and prepaid card payments, and American Express, Diners Club, Discover, JCB and UnionPay credit cards and domestic-only debit and credit cards last year. 

Those payments were valued at $12.41 billion. Comercia Global Payments handled 35.4% of those transactions tied to $4.58 billion in purchase volume. Evo Payments, Tinkoff Bank, VTB Bank and Worldline each acquired over $1.00 billion in purchase volume.

Transactions handled by processors iZettle, Klarna and SumUp are counted at acquirers listed among the top 45. 

When Adyen acts as third-party processor, those transactions are settled through acquirers listed here. Adyen also has a license to acquire directly in Europe. Only Adyen’s acquiring volumes are listed here.

Prior issues: 1175, 1153, 1132, 1110, 1087, 1065



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