Nilson Report

Issue 1234 | Jan 2023


Companies featured in this issue include:

Payment Cards in Circulation—Projected through 2027 in Billions

Payment Cards in Circulation—Market Shares in 2022

Top Investment Transactions in Merchant Acquiring and Processing in 2022

Investments in Merchant Acquiring and Processing in 2022 by Region

Discover Card 2022 vs. 2021

Mastercard & Visa Worldwide through 3Q 2022

Investments & Acquisitions—December 2022

Publicly Traded Companies in Payments

Mastercard & Visa Worldwide through 3Q 2022

Credit, debit and prepaid cards in circulation worldwide with Mastercard and Visa brands generated $13.486 trillion in purchase volume in the first nine months of 2022. Cards issued outside the US accounted for 55% of that total.

Visa (outside the US)
$4.338 trillion purchase volume
Visa (US)
$4.306 trillion purchase volume
Mastercard (outside US)
$3.040 trillion purchase volume
Mastercard (US)
$1.802 trillion purchase volume

Full access to the Mastercard & Visa results Worldwide through 3Q 2022 and change vs. through 3Q 2021 is available when you subscribe to the Nilson Report.



Wallet Hub from ACI Worldwide

Digital wallets in more than six dozen countries worldwide are used by consumers to make payments to merchants in-store, online and in mobile apps. 

ACI Worldwide has connected to 200 wallets in more than 70 countries, most of which operate only in a single country. The company offers access to all 200 wallets in its recently launched Wallet Hub via a single API integration within the ACI payment orchestration layer service.

Wallet Hub is aimed at ACI’s multinational merchant customer base. Providing multiple wallets as acceptance methods boosts conversion rates at online merchants.

Making wallets available via a single API saves merchants integration costs with individual wallets that can reach up to $100,000. ACI has engaged agents in every country to handle financial settlement for all Wallet Hub transactions via a national payment system or card network. Wallets are growing in importance worldwide, and ACI is the first company to provide access via a global hub. 

In the US, digital wallets account for fewer than 15% of all card payments. However, they account for up to 37% in some European countries and for more than half in China and India. Digital wallets in Africa, best known for money transfers, will see very steady growth for ecommerce payments in coming years.


Basant Singh is Global Head of Products and Merchant Business at ACI Worldwide in Miami, Florida,,

Prior issues: 1225, 1224, 1221, 1216, 1215, 1214, 1209, 1204, 1203, 1200

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