The Nilson Report

Issue 1137 | Aug 2018


Companies featured in this issue include:

Latin America’s Largest Merchant Acquirers

Top Issuers in the Middle East and Africa

Blockchain for Payments Using Cryptocurrency

Installment Credit/Loyalty via Mobile App

Software for AI, Machine Learning, and Analytics

Walmart Credit Cards to Capital One

FICO’s Free Cybersecurity Score

U.S. Commercial Cards—Part 3

Investments & Acquisitions—July 2018

Latin America’s Top Acquirers in 2017

Investments & Acquisitions—July 2018

Spending on U.S. Commercial & Consumer Cards

Top 10 General Purpose Acquirers in Latin America 2017

Largest Visa/Mastercard Merchant Acquirers in Latin America 2017

Largest Credit Card Issuers in Middle East & Africa

Largest Debit Card Issuers in Middle East & Africa

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

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

The 50 largest credit and debit card issuers in the Middle East and Africa are ranked on page 11. Figures include purchase volume at merchants and total volume, including cash advances/withdrawals.

1. IsraCard, Israel
$40.14 billion purchase volume
2. Israel Credit Cards, Israel
$22.32 billion purchase volume
3. Al Rajhi Bank, Saudi Arabia
$22.21 billion purchase volume
4. Leumi Card, Israel
$22.19 billion purchase volume
5. Standard Bank, South Africa
$15.87 billion purchase volume

Full access to the Top General Purpose/Visa/Mastercard Card Issuers 2017 results in Middle East and Africa is available when you subscribe to The Nilson Report.



Installment Credit/Loyalty via Mobile App

MyGini offers a payment and card management app Visa and Mastercard issuers in the U.S. can use to provide installment credit for in-store and online purchases as well as support for loyalty and offers programs. The cloud-based (Microsoft Azure) platform is provided on a white-label basis. All functions are available to issuers in a stand-alone shopping app or through an SDK they integrate with their existing mobile banking app.

Issuers can customize the parameters of installment credit offers for the type of card product, cardholder history, purchase amount threshold, merchant category, and specific merchant chain. Installments can be financed by the issuer, the retailer, or jointly. No POS terminals are involved. Transactions are initiated by a notification to the cardholder’s handset. 

For loyalty and offers, the myGini platform activates real-time push notifications after receiving a transaction alert from the Visa or Mastercard network. Offers are instantly sent to cardholders without needing them to sign on, log in, or open an app. 

MyGini has agreements with offer aggregators and can target those offers to cardholders informed by data analytics from artificial intelligence that examines merchant codes from prior spending. Cardholders are also given the opportunity to “like” certain brands, which further supports targeted offers. 

Background tracking algorithms in the app work in-store using GPS and Wi-Fi signals to enable location-based engagement with cardholders. 

Other features on the myGini platform provide controls for credit and debit cards, including freezing accounts when cards are believed to be lost or stolen, sending a new PIN, automatic declines of cross-border payments, and more. The app delivers instant discount coupons, creates cash-back offers, manages loyalty points, triggers rewards at a particular merchant after a predetermined number of purchases, and more. Cardholders can also review card statements and make balance inquiries.

© Copyright 2019 The Nilson Report

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