Nilson Report

Issue 1205 | Sep 2021


Companies featured in this issue include:

POS Terminal Manufacturers Worldwide

Shipments by Type of Device—with Market Shares

Manufacturers of POS Terminals Shipped in 2020—by Region

POS Terminal Manufacturers’ Market Shares—Shares of Shipments 2020 vs. 2019

Visa and Mastercard Commercial Card Products—Purchase Volume 2020

Asia–Pacific’s Top 5 Acquirers of Mastercard and Visa Transactions

Top Acquirers of General Purpose Cards in Asia Pacific—Ranked by Purchase Transactions

Asia–Pacific’s Largest Mastercard and Visa Merchant Acquirers

Investments & Acquisitions—August 2021

Visa and Mastercard Commercial Card Products—Purchase Volume 2020

Visa and Mastercard commercial credit and debit card products generated purchase volume in excess of $1 trillion in 2020. That amount was a decline of 3.4% from 2019.

1. Small Business
$391.36 billion total purchase volume, -2.1%
2. Debit & Prepaid
$308.89 billion total purchase volume, +16.5%
3. Purchasing & Fleet
$300.94 billion total purchase volume, -15.7%
4. Corporate
$31.98 billion total purchase volume, -32.6%
5. Totals
$1,033.17 billion total purchase volume, -3.4%

Full access to the Visa and Mastercard Commercial Card Products—Purchase Volume 2020 results is available when you subscribe to the Nilson Report.



Amex Virtual Cards for SMBs

Small and midsized businesses in the U.S. with eligible American Express Business Cards can create their own virtual cards tied to their existing card accounts to pay for goods and services. The virtual card feature is delivered through a partnership between Amex and Extend Enterprises. 

Cardholders download the Extend app from the Apple or Android stores to begin the process of registering for a virtual card. 

American Express handles authentication, token creation, authorizations and settlement. The Extend app reaches the Amex token vault to get a token for each transaction. 

Payments can be sent to recipients using just an email address. Senders can initiate payments from a desktop login or mobile app in minutes. 

Small and midsized businesses in the U.S. have been a fertile opportunity for commercial card issuing startups such as Brex and Ramp, which provide easy to use virtual cards. 

The Amex/Extend partnership answers that challenge by creating a virtual payment feature attached to any existing American Express Business Card rather than requiring cardholders to embrace a new stand-alone product or work with a separate card issuer. 

American Express stands to gain new business because virtual cards will mostly replace smaller-value paper checks, payments not previously handled on its card network. 

The benefits of virtual cards include added security and fraud controls versus paper checks and business cards and automated accounting processing by providing easy integration of transactions with software such as Expensify and QuickBooks.

To help its card account customers automate accounts payable using virtual cards, American Express developed proprietary products such as Amex One AP. It also works with third parties such as Extend and 

Products from Extend Enterprises include a suite of virtual card APIs and a virtual card platform-as-a-service. Its focus is on delivering ease of use with no incremental expense on the part of payors or payees. 

Customers of Extend include City National, Regions Bank and Comdata.


Dean Henry is Executive VP, Global Commercial Services at American Express in New York,,

Andrew Jamison is Chief Executive Officer at Extend Enterprises in New York,,

Prior issues: 1200, 1191, 1181, 1176, 1151, 1148

© Copyright 2021 Nilson Report

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