The Nilson Report

Issue 1159 | Aug 2019

FEATURED COMPANIES

Companies featured in this issue include:

Top Acquirers in Asia–Pacific Ranked by Purchase Transactions on Visa & Mastercard Cards

Investments & Acquisitions–July 2019

Spending on Commercial & Consumer Cards in the U.S.

U.S. Store Credit Cards 2018 vs. 2017

Top General Purpose Acquirers in Asia–Pacific 2018

Largest Visa/Mastercard Merchant Acquirers in Asia–Pacific 2018

Largest Credit Card Issuers in Middle East and Africa 2018

Debit Card Issuers in Middle East and Africa 2018

Top General Purpose/Visa/Mastercard Card Issuers in Middle East and Africa

Top Acquirers of Web Transactions in Asia–Pacific 2018

Top General Purpose Visa/Mastercard Card Issuers in Middle East and Africa

The 50 largest payment card issuers in the Middle East and Africa are ranked based on purchase volume generated by their cards in circulation in 2018. The top 5 are listed here.

1. IsraCard, Israel
$42.33 billion purchase volume
2. Israel Credit Cards, Israel
$25.96 billion purchase volume
3. Al Rajhi Bank, Saudi Arabia
$23.87 billion purchase volume
4. Leumi Card, Israel
$22.74 billion purchase volume
5. Standard Bank, South Africa
$17.98 billion purchase volume

Full access to the Top General Purpose/Visa/Mastercard Card Issuers results in Middle East and Africa is available when you subscribe to The Nilson Report.

< BACK TO NEWSLETTER ARCHIVE

POSTED AUG 29, 2019 | PRINT

Store Cards in the U.S.—2018

Please note: Only subscribers can access the charts included with this article.

Credit card purchase volume generated by private label store cards reached $181.81 billion in 2018, an increase of 5.7% over the prior year. This compares to 9.7% growth on purchase volume of $3.678 trillion on combined Visa, Mastercard, American Express, and Discover general purpose credit cards. However, outstandings tied to private label store cards grew 9.7% to reach $130.83 billion at year-end 2018. General purpose card outstandings reached $973.38 billion, up 5.4%. 

Private label store credit cards in circulation totaled 392.0 million at year-end 2018, an increase of 2.8%. Store credit card accounts that were active—those with at least one purchase in the fourth quarter of 2018—increased 1.3% to 158.4 million. 

At the top provider of store credit cards, Synchrony Financial, outstandings grew to $55.69 billion, up 20.3% over 2017. The company’s outstandings grew largely from the addition of private label receivables purchased from PayPal. Synchrony owned 42.57% of all store card outstandings, up from 38.81% in 2017. 

Store credit cards issued by Synchrony generated purchase volume of $71.21 billion last year, up 11.8%. Synchrony held a 39.17% market share of store credit card purchase volume. 

Figures included here for Synchrony do not include its CareCredit medical cards, oil company cards, and credit cards issued in Canada. Also excluded are Mastercard and Visa co-branded cards jointly marketed with stores for which it also provides private label credit. 

The second largest provider, Citi Retail Services, held a 25.26% share of store card outstandings, down from 26.20% in 2017. Citi held a 25.68% market share of purchase volume on store credit cards, down from 26.36%. Not included in these figures are Citi’s oil company cards, credit cards issued in Canada, and co-branded Mastercard, Visa, and American Express cards marketed with stores for which it provides private label credit. 

The market share of store card outstandings for the third largest provider, Alliance Data Systems, was 11.30%, down from 12.57%. Its market share of purchase volume was 10.40%, down from 10.94% in 2017. 

Store card outstandings held by Wells Fargo gave it a 5.77% market share, a drop from 6.48%. Its purchase volume market share was 3.74%, down from 3.94%.

Store card outstandings held by Capital One gave it a 5.46% market share, a decline from 5.93%. Its purchase volume market share was 9.49%, a decline from 9.83%. 

The market share of store card outstandings for TD Bank at 5.42% compared to 5.41% one year before. Purchase volume market share at 7.67% compared to 8.14% the prior year.

The largest retailer-owned portfolio of store credit card receivables was Army & Air Force Exchange. Its market share of outstandings fell to 1.96% from 2.17%, while its market share of purchase volume increased to 1.06% from 1.01%.

© Copyright 2019 The Nilson Report

You have 2 free articles remaining. Subscribe today. View Subscription Offer
New subscribers receive over 130 articles in the 22 issues published each year,
plus the last five years of issues (that's over 1,200 articles) on a searchable flash drive.