Nilson Report

Issue 1226 | Sep 2022


Companies featured in this issue include:

Results for US Card Networks at Midyear–2022

US General Purpose Cards Midyear with change vs. 2021

US General Purpose Cards at Midyear Purchase Volume—Credit vs. Debit

Market Shares of Purchase Transactions at Midyear

Spending, Transactions and Cards by Global Brand in Middle East and Africa

Market Shares of Purchase Transactions in Middle East and Africa—2001 through 2021

Store Card Spending in the US—Purchase Volume and Market Share

US Store Credit Cards 2021 with change vs. 2020

Investments & Acquisitions—August 2022

Publicly Traded Companies in Payments

Spending, Transactions and Cards by Global Brand in Middle East and Africa

Global brand general purpose cards—Visa, Mastercard, American Express and Discover/Diners Club cards–generated $768.39 trillion in purchase volume in 2021, up 39.7% over 2020.

$405.16 billion in purchase volume
$342.26 billion in purchase volume
American Express
$13.67 billion in purchase volume
Diners Club
$7.30 billion in purchase volume

Full access to the Spending, Transactions and Cards by Global Brand results in Middle East and Africa is available when you subscribe to the Nilson Report.



Under-the-Skin Implants for NFC Payments

Paying with the swipe of a hand rather than with a card or mobile device is the business of Walletmor. The company provides an implant containing a passive near field communication (NFC) chip, which has no power source but can write data to a card reader. The NFC chip initiates an EMV-compliant payment.

Walletmor, which is based in the UK, has sold more than 1,000 NFC implants over the last year. Most have been installed at piercing parlors in Scandinavia, Germany and the US.

The implant is a first-generation device. Improvements are under development. Implants cost $249. Installation is extra. The devices are assembled in the US using a chip from NXP Semiconductors.

Under-the-skin chips for NFC-compliant payments have an 8 year active life in the EU and 3 years in the US. Connection to the Mastercard payment network is handled by apps from Purewrist (issue 1187) in the US and iCard in Europe. 

The implant functions as a prepaid card in both Europe and the US. Card account data is preprogrammed on the chip. Sutton Bank is the issuer for Purewrist in the US. In Europe, iCard is the issuer. 

Every NFC chip has a unique identification number, which enables a Walletmor implant to be used for other applications such as identification and facility access. Those applications are not yet officially supported by Walletmor.

The company, which is privately held, is looking for card issuer partners.


Wojtek Paprota is CEO at Walletmor in London, UK,,

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