NR_CurrentIssue_Banner_2500

Issue 1299

Award-winning business intelligence, payment card statistics, industry news, and dozens of executive contacts in every issue. Subscribers receive 22 issues a year.
Newsletter
January 2026

Listen to highlights from this issue

Featured Article

Darwinium Fights Cyber Fraud from Generative AI

Based on knowledge gained from the 250 million transactions it reviews monthly, Darwinium knows that malicious AI agents act differently than AI agents deployed by valid buyers.
Featured Chart

Global Brand Purchase Transactions Projected Worldwide

UnionPay, Visa, Mastercard, American Express, JCB, Discover and Diners Club cards are projected to generate 1.146 trillion purchase transactions in 2030, up 35.7% from 2025.

Featured Companies

Message from the Publisher

We have been asked by subscribers if they can use Nilson Report data for training AI models. The answer is no — this is a violation of our copyright. It is also prohibited to distribute the Nilson Report electronically via password sharing or to forward a downloaded PDF. Our data is not to be processed or redistributed in any way. Please note: Individual subscriptions to the Nilson Report are exactly that — for individual use.

David Robertson, Publisher
January 19, 2026

ARTICLES IN THIS ISSUE

CHARTS IN THIS ISSUE

Global Brand Purchase Transactions Projected Worldwide 2015 Through 2030

Purchase Transactions 2015–2030

Market Shares of Purchase Transactions by Region 2015 vs. 2025

Percentage Growth by Region 2015 through 2025

M&A in Merchant Processing and Acquiring—2025

Largest M&A Deals in Merchant Processing, Acquiring in 2025

US General Purpose Cards (Jan. 1-Sept. 30, 2025, and Change vs. Jan. 1-Sept. 30, 2024)

Publicly Traded Payment Processors — Market Capitalization Change

Processors by Market Cap at Year-End 2025

Investments & Acquisitions (December 2025)

FEATURED STATISTICS

From January 1, through September 30, 2025, credit, debit and prepaid cards issued in the US with American Express, Discover, Mastercard and Visa brands generated $8.469 trillion in spending for goods and services. Credit card spending of $4.781 trillion is shown here.
Visa…………………. $2.546 trillion
Mastercard ……….$1.228 trillion
Amex…………………$0.929 trillion
Discover…………….$0.163 trillion
Full access to US General Purpose Card Networks through 3Q 2025 is available when you subscribe or log in to the Nilson Report.

Our Free Trial Offer Just Got an Upgrade
Start Two Months of Full Access to the Nilson Report

Free trial access now includes all subscriber benefits, including complete data tables on issuers and acquirers worldwide and our exclusive subscriber portal.
No Restrictions. No payment card required.

See why executives in 80+ countries rely on the Nilson Report for best-in-class data and business intelligence.