Nilson Report

Issue 1199 | Jun 2021

FEATURED COMPANIES

Companies featured in this issue include:

Global Network Cards—2020

Market Shares of Purchase Transactions on Global Network Cards

Global Debit and Prepaid Cards

Global Credit Cards

Debit vs. Credit Market Shares of Purchase Transactions

Global Network Cards in Circulation

Global Network Cards 2020 with Change vs 2019

Purchase Volume by Product

Debit Money Transfers—Visa Direct and Mastercard Send

Largest Acquirers in the Middle East and Africa

Merchant Acquirers in the Middle East and Africa—Ranked by Visa and Mastercard

Investments & Acquisitions—May 2021

Merchant Acquirers in the Middle East and Africa—Ranked by Visa and Mastercard

The 37 largest acquirers of Visa and Mastercard payment card transactions from over 727,000 locations in the Middle East and Africa region in 2020 are headquartered in 16 countries and ranked on page 13. The five largest are listed here.

1. Absa Bank, South Africa
994.5 million transactions, -5%
2. Nedbank, South Africa
670.0 million transactions, +193%
3. First National Bank, South Africa
620.5 million transactions, -2%
4. Standard Bank, South Africa
361.1 million transactions, -9%
5. Network International, U.A.E.
312.1 million transactions,-3%

Full access to the Merchant Acquirers Ranked by Visa and Mastercard results in the Middle East and Africa region in 2020 is available when you subscribe to the Nilson Report.

< BACK TO NEWSLETTER ARCHIVE

POSTED JUN 16, 2021 | PRINT

Middle East and Africa’s Top Merchant Acquirers

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

The table on page 13 ranks the 37 largest merchant acquirers in the Middle East–Africa (MEA) region based on the number of Mastercard and Visa purchase transactions each handled in 2020. Those acquirers represented 16 countries. Collectively, they processed $182.67 billion in purchase volume from 4.11 billion Mastercard and Visa transactions from 727,528 active merchant outlets in the MEA region. Those acquirers also handled 26.1 million American Express, Diners Club, JCB and UnionPay purchase transactions valued at $2.63 billion.

New to the top acquirers ranking for 2020 are Keenu (a joint venture with Bank Al Habib) in Pakistan, Millennium BIM in Mozambique and Dashen Bank in Ethiopia. 

Capitec grew on completion of its acquisition of Mercantile Bank in South Africa. Absa is now listed independently from its former association with Barclays after a separation process that started in 2017.

The table on page 13 also includes 844.1 million domestic-only debit card purchase transactions valued at $53.29 billion and 48.1 million domestic-only credit card purchase transactions valued at $1.99 billion.

Domestic-only brands included Verve in Nigeria, eBucks and Petro Card in South Africa, Al-Amil and KNet in Kuwait, eCash in Qatar, AutoBranch in Kenya, Mada in Saudi Arabia, MCB Fleetman in Mauritius, PayPak in Pakistan and CMI in Morocco. Combined, transactions for all brands grew by 3.7% in 2020.

The largest merchant acquirers in the Middle East and Africa are in Iran. Neither Visa nor Mastercard cards are issued or acquired in Iran. The table on this page shows acquiring figures for Iran-based Behpardakht Mellat, Saman e-Pay, Parsian E-Commerce, Asan Pardakht Persian, Iran Kish Credit Card, Sadad Informatics and Pasargad Electronic Payment. All handle only domestic-market Shaparak network cards. 

Collectively, these companies handled 27.79 billion purchase card transactions last year valued at $904.47 billion. Transactions increased 23.5% in 2020. All seven acquirers in Iran ranked here processed more card payments than the largest Visa and Mastercard acquirer in the MEA region.

Prior issues: 1178, 1155, 1134, 1112, 1090, 1068, 1043, 1020, 996, 983



© Copyright 2021 Nilson Report

You have 2 free articles remaining. Subscribe today. View Subscription Offer
New subscribers receive over 130 articles in the 22 issues published each year,
plus the last five years of issues (that's over 1,200 articles) on a searchable flash drive.