Nilson Report

Issue 1233 | Jan 2023

FEATURED COMPANIES

Companies featured in this issue include:

Global Network Payment Card Transactions Projected Worldwide

Market Shares of Purchase Transactions in 2022 by Region

Purchase Transactions Worldwide Global Brands–Projected through 2027

Ten-Year Growth in Global Brand Purchase Transactions–from 2012–2022

Ten Largest M&A Transactions in 2022

M&A Activity in Merchant Processing and Acquiring–Second Half of 2022

US General Purpose Card Brands through 3Q 2022 

Investments & Acquisitions–November 2022

US General Purpose Card Brands through 3Q 2022

Amex, Discover, Mastercard and Visa cards issued in the US generated $7.055 trillion in purchase volume in the first 9 months of 2022. Credit cards accounted for 56.8% of the total. The credit card purchase volumes are shown below.

Visa
$2,093.33 billion purchase volume
Mastercard
$967.44 billion purchase volume
American Express
$793.02 billion purchase volume
Discover
$154.98 billion purchase volume

Full access to the US General Purpose Card Brands through 3Q 2022 results is avail-able when you subscribe to the Nilson Report.


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POSTED JAN 15, 2023 | PRINT

J.P. Morgan’s Merchant Acquiring Global Expansion

Among merchant acquirers with global footprints, J.P. Morgan Payments (JPMP) stands out for the scale of its business, including the ability to provide customers with all payment processing and related products and services required, while handling all financial settlement including foreign exchange without the need of a partner.

J.P. Morgan’s merchant acquiring business is a unit within the bank’s Payments & Commerce Solutions business. It operates a platform that handles over 5,000 transactions per second. More than $2 trillion in card purchase volume was processed over the last 12 months from more than 43 billion in-store and online transactions. JPMP supports merchants in over 30 countries.

In the US and Canada, the company processes payments for small, midsized and enterprise customers in-store and online. Among its customers are four million small merchants and tens of thousands of midsized merchants that bank with its parent company.

JPMP is the top merchant acquirer in the US based on payment card purchase volume. It has been the largest acquirer of card-not-present transactions for a decade. Recently, it expanded the alternative payment options it makes available to merchants through a deal with Meta, the parent company of Facebook, and billers via a deal with Mastercard. 

Pay-by-Bank, available in the US, will provide ACH-based account-to-account processing as a payment option for recurring billers such as utility companies. Meta Pay, formerly Facebook Pay, will be an option for online purchases at US merchants.

In Europe, JPMP has been the largest acquirer of card-not-present transactions for the last eight years. To strengthen its position in Europe, JPMP closed on an investment to purchase a 48.5% equity stake in Viva Wallet Holdings Software Development, a cloud-based fintech that operates in 24 countries. 

Viva Wallet provides onboarding, KYC and other services for small and midsized merchants. The company’s omnichannel product suite includes a tap-on-phone mobile app and a payment gateway. 

In Asia-Pacific (APAC), JPMP has operated for several years in Australia and India. It provides payment gateway services to multinational merchants that are its online customers in other world regions. 

To better support those and other online merchants looking to expand in APAC, JPMP started offering its gateway services to businesses in New Zealand, Singapore, South Korea and Hong Kong in the fourth quarter of last year. JPMP works with local acquirers in all markets. 

JPMP will support its business in the Asia–Pacific region via a recent strategic investment in India-based In-Solutions Global, which provides acquiring support services to in-store and online merchants.

Over the last two years, JPMP started offering acquiring services to ecommerce customers in Brazil.

INTERVIEWED FOR THIS ARTICLE

Max Neukirchen is Global Head of Payments and Commerce Solutions at J.P. Morgan Payments in New York, max.neukirchen@jpmorgan.com, www.jpmorgan.com.

Prior issues: 1229, 1219, 1215



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