Nilson Report

Issue 1213 | Feb 2022


Companies featured in this issue include:

U.S. General Purpose Brands—Purchase Volume

U.S. General Purpose Cards—2021 with change vs. 2020

Market Shares of Purchase Volume on General Purpose Cards in the U.S.—2021

U.S. Credit Card Outstandings

General Purpose Credit Cards in the U.S.—2021 with change vs. 2020

Purchase Volume on Mastercard and Visa Credit and Debit Cards in the U.S.

Mastercard and Visa Cards in Circulation in the U.S.—2011 through 2021

Mastercard and Visa Credit, Debit & Prepaid Cards in the U.S.

Mastercard and Visa Debit and Prepaid Cards in the U.S.

Payment Industry Investments—2021

Investments & Acquisitions—January 2022

U.S. Credit Card Outstandings

Featured in our current issue are U.S. credit card receivables for the four global brand card networks—Visa, Mastercard, American Express and Discover—at year-end 2021. Their combined total was $932.85 billion.

Visa, $445.22 billion, 47.73% market share
+6.5% vs. 2020
Mastercard, $291.81 billion, 31.28% market share
+6.2% vs. 2020
American Express, $121.44 billion, 13.02% market share
+19.1% vs. 2020
Discover, $74.37 billion, 7.97% market share
+4.1% vs. 2020

Full access to the U.S. Credit Card Outstandings results is available when you subscribe to the Nilson Report.



Santander’s Buy Now, Pay Later Platform

Santander Consumer Finance, a business of Spain-based Banco Santander, Europe’s fourth largest bank, has 19 million customers and operates through 63,000 merchants.  

Consumer Finance, not the bank’s credit card unit, operates the Zinia buy now, pay later (BNPL) platform, which opened for business in Germany a year ago. Zinia offers installment credit for online and in-store purchases. 

Santander Consumer Finance will expand Zinia to the other 15 countries in Europe in which it operates this year beginning with the Netherlands.

Zinia’s BNPL platform utilizes machine learning-based, real-time credit risk assessment technology developed by Santander’s Openbank subsidiary. Digital-only Openbank has 1.7 million customers in five countries in Europe and the Americas.


Ramon Guillermo Javier Billordo is Head of Consumer Finance Business at Santander Consumer Finance in Madrid, Spain,,

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