The Nilson Report

Issue 1160 | Sep 2019


Companies featured in this issue include:

POS Terminal Shipments Worldwide by Region

Top General Purpose Acquirers in Latin America 2018

Largest Visa/Mastercard Merchant Acquirers in Latin American 2018

Manufacturers of POS Terminals Ranked by Shipments 2018—Market Shares by Region

Top General Purpose Acquirers in Latin America 2018

The 42 largest acquirers of payment card transactions for merchants in Latin America are listed on page 9. The five largest based on general purpose transactions are shown here.

1. Cielo
6.90 billion transactions
2. Rede
4.44 billion transactions
3. Getnet
2.14 billion transactions
1.86 billion transactions
5. Transbank
1.53 billion transactions

Full access to the Largest Merchant Acquirers results in Latin America 2018 is available when you subscribe to The Nilson Report.



GoCardless Pull Payment Processing

Pulling an authorized payment from a bank account to settle a recurring bill, which includes subscriptions, installment payments, and invoices to vendors, is the business of GoCardless. The company estimates that consumer and commercial recurring payments are a $40-trillion market annually on a global basis. 

GoCardless’s more than 45,000 clients access its cloud-based service using a dashboard or API. Processing volumes exceed $1.20 billion a month. Merchants pay GoCardless a percentage of the value of each transaction and in some cases monthly fees depending on the level of customization of the service.

Failure rates from pull transactions tied to recurring payments are in the 3% range. For payment cards, failure rates on recurring payments are significantly higher. 

The U.K.-based company recently completed expansion of its account-to-account (A2A) payment service and can support merchants in 30 countries in Europe, North America, Australia/New Zealand, and South Africa. GoCardless believes its authorization-based pull payment service, which covers up to 70% of the potential global market for recurring payments, is the only global network of its kind. Other A2A processors either push payments to billers or offer pull payments only in select domestic markets.

GoCardless is integrated with more than 150 platforms, including those of accounting software companies that focus on small businesses such as Xero, Sage, and Intuit’s Quickbooks, as well as that of subscription software company Zuora. Enterprise clients include TripAdvisor, Thomas Cook, and The Guardian.

The company’s global network is built on direct debit settlement links including with ACH (U.S.), SEPA (EU), PAD (Canada), Autogirot (Sweden), BACS (U.K.), BECS (Australia), BECS NZ (New Zealand), and Betalingsservice (Denmark). Those networks present different technological challenges to facilitate frictionless clearing services. GoCardless solves that problem and gives clients access to all with one API. 

GoCardless has received more than $120 million in funding, including $75 million in a Series E round in February of this year. 

Duncan Barrigan is VP Product at GoCardless Ltd. in London, U.K.,,

© Copyright 2019 The Nilson Report

You have 0 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.