Nilson Report

Issue 1220 | May 2022

FEATURED COMPANIES

Companies featured in this issue include:

Top Eight Issuers of Commercial Cards in the United States

Purchase Volume on U.S. Commercial Cards by Type—Market Shares and Change in Purchase Volume

U.S. Mastercard & Visa Commercial Card Issuers—Ranked by Purchase Volume in 2021

Corporate Cards in the U.S.

Purchase Volume on Corporate, Purchasing and Fleet Cards in the U.S.

Small Business Credit Cards in the U.S.

Small Business Debit Cards in the U.S.

Purchasing & Fleet Cards in the U.S.

Commercial Prepaid Cards in the U.S.

Publicly Traded Companies in Payments

Purchase Volume on U.S. Commercial Cards by Type—Market Shares and Change in Purchase Volume

Credit, debit and prepaid commercial cards available from the 95 largest issuers in the U.S. generated $1.081 trillion in purchase volume in 2021. The market share by product type is shown here.

Purchasing/Fleet/Corporate
$374.4 billion, 35% market share
Small Business Credit
$340.9 billion, 32% market share
Small Business Debit
$220.2 billion, 20% market share
Prepaid
$145.3 billion, 13% market share

Full access to the Purchase Volume on U.S. Commercial Cards by Type—Market Shares and Change in Purchase Volume is available when you subscribe to the Nilson Report.

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POSTED MAY 31, 2022 | PRINT

DivideBuy BNPL in the U.K.

Among more than a dozen providers of buy now, pay later (BNPL) installment loans in the U.K. is DivideBuy, which recently moved its POS credit technology to the cloud prior to a planned expansion of its customer base. 

DivideBuy’s credit plug-in integrates with shopping carts that operate on Shopify, Magento, WooCommerce and other ecommerce platforms. The company also maintains direct connections with more than 500 small and midsized merchants in the U.K. The new cloud-based technology supports activating BNPL accounts from QR codes.

DivideBuy received $378 million (£300 million) in debt and equity funding from Davidson Kempner Capital Management in September 2021. It will use those funds to pursue growth opportunities among larger retailers that sell luxury goods and to launch new products, including revolving credit and direct-to-consumer personal loans.

Last year, DivideBuy financed $88 million (£70 million) in BNPL loans. It expects to grow 30% this year and plans to reach $378 million (£300 million) by the end of 2023.

DivideBuy BNPL is a no-fee product. Other providers of BNPL installment loans in the U.K. include Klarna, My Argos card, Clearpay (Afterpay), Laybuy, Openpay, AppToPay, PayPal, PayI8r, Monzo, Revolut (pending), PollenPay, Tranch, Curve, Scalapay and Zilch.

INTERVIEWED FOR THIS ARTICLE

Teresa Byrne is Chief Commercial Officer at DivideBuy in Newcastle-under-Lyme, U.K., teresa.byrne@dividebuy.co.uk, ww.dividebuy.co.uk

Prior issue: 1165



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