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.

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POSTED AUG 29, 2019 | PRINT

Visa Buys Payworks

Payworks, a Germany-based provider of cloud-based, POS-terminal-agnostic PCI DSS services, point-to-point encryption, processing, and gateway services to payment service providers (PSPs) and acquirers, has been purchased by Visa. 

Terms were not disclosed. 

Payworks is connected to merchants in 21 countries, mostly in Europe, but also in Africa and the U.S. The company earns revenue from licensing fees and from the number of transactions handled from terminals it supports. Customers include ACI Worldwide, Concardis, Barclaycard, and Stripe, as well as Visa’s CyberSource business. 

When connected to Payworks, PSPs and acquirers can compete with omnichannel payment processing providers through a software-as-a-service model that supports card-present payments. Payworks offers a suite of software tools developers use to facilitate integration with back-end systems and loyalty programs. 

Visa was an investor in Payworks’s $14.5-million Series B funding round in February 2018. 

Carleigh Jaques is Senior VP, Global Head of Digital Merchant Products at Visa in San Francisco, California, cjaques@visa.com, www.visa.com.

Christian Deger is CEO at Payworks in Munich, Germany, 49 (89) 4161-58400, christian.deger@payworks.com, www.payworks.com.

© Copyright 2019 The Nilson Report

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