Issue 1298

Award-winning business intelligence, payment card statistics, industry news, and dozens of executive contacts in every issue. Subscribers receive 22 issues a year.

Newsletter

1298

December 2025

Listen to highlights from this issue

Transaction Moment Ads from Rokt for Card Issuers

Typically, media platforms are optimized toward clicks and views. However, messages from Rokt are not banners placed within the peripheral view of a cardholder. They are delivered when cardholders are financially engaged. Presenting the right message at the right time improves acceptance.

Featured Chart

Payment Card Fraud Worldwide

Losses to fraud by acquirers of payments from merchants, acquirers of transactions from ATMs, card issuers and merchants were $33.41 billion in 2024, down 1.2% from $33.83 billion in 2023.

Featured Companies

The following companies are featured in this issue of the Nilson Report. News about companies appears in feature articles, as well as in the First Look and Management Changes sections of the newsletter. To submit general information about your company, or to share news with us, please contact us.

Message from the Publisher

This is our 22nd and final issue of 2025, a year in which we delivered 368 pages of content to our subscribers in more than 70 countries. This year marked our 55th year of continuous publication, but our first while operating behind a paywall that protects access to our content. The information you receive is not available if you do not subscribe.

Our staff, which operates from the US and South Africa, would like to send all of you best wishes for a joyful year-end holiday season. For the year ahead, we send hopeful wishes for peace and prosperity.

David Robertson, Publisher
December 22, 2025

ARTICLES IN THIS ISSUE

CHARTS IN THIS ISSUE

Payment Card Fraud Worldwide (2010 through 2030)

Global Fraud Losses—US vs Outside the US

Fraud Losses by Type of Card (in Billions in 2024 with Change vs. 2023)

Card Fraud Losses Projected

Global Card Acceptance Locations (2019 through September 30, 2025)

Merchant Acceptance Locations

Commercial Card Products (US Visa & Mastercard Purchase Volume 2024)

Purchase Volume on US Commercial & Consumer Cards 2024

Market Share of Consumer Cards of Total Purchase Volume 2024

Largest Credit Card Issuers Worldwide (Ranked by Purchase Volume in 2024)

Global Brand General Purpose Cards (Midyear 2025 with Change vs. Midyear 2024)

Investments & Acquisitions (November 2025)

FEATURED STATISTICS

On page 10 we provide purchase volume figures on commercial card products in the US—small business credit and debit, purchasing and fleet and corporate. Those products carry the Visa, American Express and Mastercard brands. The combined purchase volume for Visa and Mastercard is shown here.

Visa…..……………..$1.058 trillion
Mastercard……….$0.645 trillion

Full access to US Commercial Cards — Amex, Mastercard and Visa in 2024 is available when you subscribe or log in to the Nilson Report.

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