Nilson Report

Issue 1200 | Jun 2021


Companies featured in this issue include:

Europe’s Global Network Cards—Market Shares in 2020

Europe Global Network Cards 2020 with change vs. 2019

Europe Market Shares of Purchase Transactions 2002-2020

Purchase Volume on U.S. General Purpose Cards 2015-2020

U.S. Purchase Volume at Merchants 2020

Publicly Traded Companies in Payments

Europe Global Network Cards 2020 with change vs. 2019

Global network cards issued in Europe—Visa, Mastercard, American Express and Diners Club—generated $3.361 trillion in purchase volume (spending for goods and services) in 2020, an increase of 2.1% from the prior year.

$2,024.03 billion purchase volume, +4.3%
$1,258.98 billion purchase volume, +1.7%
American Express
$73.26 billion purchase volume, -32.1%
Diners Club
$4.39 billion purchase volume, -40.0%

Full access to the Global Network Cards 2020 with change vs 2019 in Europe is available when you subscribe to the Nilson Report.



U.S. Card Spending at Merchants — 2020

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

Consumer and commercial general purpose credit, debit and prepaid cards issued in the United States combined generated $7.387 trillion in purchase volume at merchants in 2020, an increase of 1.0% from 2019. Purchase volume includes American Express, Discover, Mastercard and Visa as well as Accel, Interlink, Nyce, Pulse, Shazam, Star and other cards tied to regional PIN-based debit networks.

Co-branded American Express, Discover, Visa and Mastercard cards are included. Private label credit and prepaid cards offered by retail stores, gasoline sellers, health and wellness practices, etc. are not. Also excluded are private label debit cards settled through the automated clearing house network. 

Debit and prepaid cards accounted for $3.776 trillion, an increase of 12.8% from 2019. This was the first year that debit and prepaid purchase volume exceeded credit card purchase volume. Last year, credit card purchases of $3.611 trillion declined 9.0%. 

The market share for debit and prepaid cards was 51.12%, up from 45.75%. The share for credit cards at 48.88% fell from 54.25%. 

Most of the top 10 issuers based on combined consumer, small business and commercial credit, debit (including PIN network) and prepaid card purchase volume ranked in the same positions in 2020 as they did in 2019. The exception was Bank of America, which moved into 2nd place ahead of American Express. Combined purchase volume for the top 10 totaled $4.423 trillion, down 5.0%. Their market share dropped 375 basis points (bps) to 59.88%.

Bank of America had a share increase of 3 bps to 9.90%. PNC Bank also had a share increase of 3 bps. Its share grew to 1.73%. USAA had an increase of less than 1 bps to 1.57%.

The other 7 issuers in the top 10 had market share declines. JPMorgan Chase fell 86 bps to 14.83%. However, it remained the only issuer to exceed $1 trillion in purchase volume. American Express’s share fell 190 bps to 9.12%. Wells Fargo fell 6 bps to 6.68%. Citibank fell 65 bps to 5.77%. Capital One fell 20 bps to 5.32%. U.S. Bank fell 7 bps to 3.02%. Discover fell 6 bps to 1.93%.

Issuers ranked 11th through 20th generated a combined $689.30 billion in purchase volume, up 2.6% versus those ranked 11th through 20th in 2019.

The group’s market share grew 15 bps to 9.33%. The Bancorp Bank had the largest increase in purchase volume, up 22.5%, followed by Navy Federal Credit Union, up 16.0%. MetaBank moved up to 20th place on a 10.4% increase in purchase volume.

For the group ranked 21st through 30th largest, issuers generated a combined $300.47 billion in purchase volume, up 6.6% versus those ranked 21st through 30th largest in 2019. This resulted in a 22 bps increase in market share. KeyBank moved up to 23rd from 27th due to a 43.2% increase in purchases, followed by Comerica Bank, which moved to 24th from 26th with a 34.4% increase. Green Dot had a 15.6% increase and Huntington National grew 10.3%.

Among those ranked 31st through 100th largest, Goldman Sachs moved up to 45th from 66th (purchase volume up 121.2%). BancorpSouth moved to 61st from 67th with a 30.0% increase in purchase volume. Simmons Bank moved to 67th from 78th with a 29.9% increase. Redstone Federal Credit Union moved up to 64th from 70th. Prosperity Bank moved up to 68th from 75th. 

The top five issuers ranked by credit card purchase volume were JPMorgan Chase, American Express, Citibank, Capital One and Bank of America. Capital One moved ahead of Bank of America into 4th position.

Ranked by signature debit card purchase volume only, the top five issuers were Wells Fargo, Bank of America, JPMorgan Chase, PNC Bank and Truist—unchanged from 2019.

The top five issuers ranked by PIN debit card purchase volume were Wells Fargo, Bank of America, JPMorgan Chase, ICBA Bancard and Truist—unchanged from 2019.

Ranked by general purpose prepaid card purchase volume, the top five issuers were The Bancorp Bank, Bank of America, MetaBank, Green Dot Bank and Comerica Bank. BofA moved up to 2nd place from 7th.

Prior issues: 1177, 1156, 1133, 1108

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