The Nilson Report

Issue 1145 | Jan 2019

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Companies featured in this issue include:

Credit Card Outstandings in the U.S.

Visa Wants B2B Cross-Border Payments Company

Card Transactions Projected Worldwide

Self-Sovereign Identity Using DLT

Pine Labs Merchant Services

IATA Financial Services

Fingopay Vein ID Biometric Authentication

Ingenico ePayments in Russia

Investments & Acquisitions—December 2018

MoreFun POS Terminal

EMV Solution for Gas Pumps

JCB QR Code Payments in Asia

Citi Rewards+ Credit Card

Mastercard Streamlines Corporate Logo

U.S. General Purpose Cards, Outstandings vs. Purchase Volume

Investments & Acquisitions—December 2018

Projected Growth of Purchase Transactions Worldwide

Outstandings as a Percentage of Purchase Volume on U.S. General Purpose Cards 1990-2018

Investments & Acquisitions—December 2018

A total of 43 acquisitions, joint ventures, and investment transactions occurred in 12 countries in December 2018. The top five deals with disclosed values are listed below.

1. 1. Earthport, United Kingdom
Visa, $252.0 mil.
2. 2. Plaid, United States
Series C, $250.0 mil.
3. 3. Earnin, United States
Series C, $125.0 mil.
4. 4. Danal, South Korea
Boku, $112.0 mil.
5. 5. Cross River Bank, United States
Venture round, $100.0 mil.

Full access to the Investments & Acquisitions—December 2018 table is available when you subscribe to The Nilson Report.


JCB QR Code Payments in Asia

JCB cardholders can use their smartphones to scan the QR code displayed at the merchant point of sale to make payments in Japan using the Origami Pay mobile app (see issue #1142). JCB is an investor in Origami. Cardholders in Japan can also make NFC-based Apple Pay contactless mobile payments. Now JCB International has launched an EMV-compliant QR code-based payment service with banks in Taiwan and Vietnam. Contactless payments, including some that are QR code-based, are already used in both countries. Bank SinoPac in Taiwan and Sacombank in Vietnam are the first banks to offer the JCB QR Code Payment service. Both banks issue JCB credit cards and acquire JCB transactions.

SinoPac aims the service at merchants who typically accept only cash, including fish markets, flower markets, and taxis. It expects to expand its merchant base for QR code payments to more than 3,000 locations. JCB cardholders can also make Apple Pay contactless payments in Taiwan.

In Vietnam, JCB cardholder customers of Sacombank Pay who use the bank’s mobile app can choose their JCB card as a source of funds for QR code payments. Sacombank will offer the QR code payment service at more than 2,000 merchants.

JCB cards are issued in 22 countries and territories. Cards are accepted at more than 33.5 million locations worldwide. 

Daisuke Sakurai is Executive Vice President, Business Development at JCB in Tokyo, Japan, 81 (3) 5778-8373,,

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