Nilson Report

THE CURRENT ISSUE: Issue 1208 | Nov 2021


Companies featured in this issue include:

8 Largest Credit Card Portfolios Worldwide

Market Shares for Top Issuing Countries Ranked by Outstandings 2020

Credit Card Outstandings by Region—2010 through 2020

150 Largest Credit Card Portfolios Worldwide

15 Largest Maestro Issuers Ranked by Purchase Volume

10 Top Issuers in Latin American Ranked by Purchase Volume

Top 50 General Purpose Card Issuers in Latin America

Top 50 Credit Card Issuers in Latin America

Top 50 Debit Card Issuers in Latin America

Publicly Traded Companies in Payments

Latin America’s Largest Card Issuers

The 50 largest credit card and debit card issuers in Latin America in 2020 are listed on pages 10 and 11. The 5 largest are listed here.

1. Itau Unibanco, Brazil
$74.88 billion purchase volume
2. Banco Bradesco, Brazil
$36.34 billion purchase volume
3. Banco Santander, Brazil
$31.01 billion purchase volume
4. Banco do Brasil, Brazil
$29.32 billion purchase volume
5. BBVA, Mexico
$14.32 billion purchase volume

Full access to Latin America’s Largest Card Issuers results is available when you subscribe to the Nilson Report.



The first Business Checking account available from American Express is a full-service, all-digital product that also gives users the first-ever debit card issued by American Express. Business Checking will help expand business Amex does with its existing small business credit card customers. 

The Business Checking account and debit card are available through American Express National Bank in Utah. 

New Business Checking account customers can be onboarded in as little as 10 minutes. They can use their accounts to send and receive payments by paper check, debit card, ACH and wire transfer as well as make bill payments. There is no minimum balance or monthly fee tied to the product.

Debit card payments at the point of sale occur on the Amex merchant network exclusively. No purchases can be made on a PIN-based POS network. The Business Debit Card provides access to the MoneyPass fee-free network of 37,000 ATMs in the U.S. 

Business Checking accounts can be managed in an iOS app that also provides for remote check deposit processing. 

American Express Business Checking pays 1.1% on balances up to $500,000. That return exceeds what is available from any of the top U.S. commercial banks. 

Beginning in the first quarter of 2022, Business Checking customers will be able to earn and redeem Membership Rewards points and have cash deposited into their Business Checking account.

American Express is the largest issuer of credit cards to small businesses in the U.S. Annual purchase volume exceeds $240 billion, which is larger than the combined purchase volume of the five largest issuers of Visa and Mastercard brand small business credit cards.

Interviewed for this article

Dean Henry is Executive VP, Global Commercial Services at American Express in New York,,

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