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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.
These 18 pages comprise the 1,300th issue of the Nilson Report, which has published continuously since September 1970. What has remained constant over these nearly 56 years is our focus on customers, which these days means subscribers in more than 70 countries. Issue 1300 includes a mix of articles that cover global brand and private label payment cards in circulation around the world, deepfakes created by AI, installment loans tied to credit cards, more than 90 investments globally in merchant processing that occurred in 2025 and a snapshot of the stock market performances of more than 120 publicly traded companies that serve the payment card industry around the world. We promise to maintain our focus on providing you, our customers, with news, information and data not found from any other source.
Projected Cards in Circulation 2020, 2025, 2030 (with 5-Year Change)
Largest Investments in Merchant Processing, Acquiring—2025
Merchant Processing and Acquiring Investments by Region
Publicly Traded Card Networks Market Capitalization Change 2025 vs. 2024
Publicly Traded Card Issuers—Market Capitalization Change
Visa & Mastercard Worldwide thru 3Q25
Publicly Traded Companies in Payments
Visa and Mastercard credit and debit (including prepaid cards) worldwide generated purchase volume of $17.136 trillion for the period January 1 thru September 30, 2025. Spending by Visa and Mastercard cards issued inside the US versus outside the US are shown here.
Visa (outside the US) ………………. $5.499 trillion
Visa (inside the US ) ………………….$5.194 trillion
Mastercard (outside the US )……..$4.247 trillion
Mastercard (inside the US) ………..$2.196 trillion
Full access to Visa and Mastercard Worldwide thru 3Q 2025 is available when you subscribe or log in to the Nilson Report.
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