Nilson Report Issue 1175 - 0036
Nilson Report Issue 1175 - 0036
Nilson Report Issue 1175 - 0036
for the
FOR 49 YEARS, THE LEADING PUBLICATION COVERING PAYMENT SYSTEMS WORLDWIDE NILSON REPORT MAY 2020 / ISSUE 1175
NEXT ISSUE
Payment Industry’s Response to Covid-19—Part 3
Governments worldwide are taking steps to reopen their
economies to retail commerce, manufacturing, and services as
Top Acquirers in Europe
they address the global recession triggered by the fight against Purchase Transactions (Bil.)
the Covid-19 pandemic. 2019 VS. 2018
On pages 10 and 11 we highlight actions taken in North and SBERBANK
South America, Asia, and Europe taken by card and mobile ‘19 20.61
payment companies to address the impact of Covid-19. ’18 14.37
> see p. 10 WORLDPAY
Global Payments Gets Truist Credit Card Processing ‘19 9.67
’18 8.70
The Total System Services (Tsys) business unit of Global Payments BARCLAYS
will handle credit card account processing services for Truist, the ‘19 7.34
bank holding company formed by the 2019 merger of BB&T and ’18 7.00
> see p. 6 J.P. MORGAN
‘19 4.62
First Quarter Card Results in the U.S. ’18 3.75
Consumer, small business, and commercial credit, debit, and NETS
prepaid cards carrying Visa, Mastercard, Discover, and American ‘19 4.42
Express brands issued in the U.S. as well as payments settled ’18 3.58
> see p. 5 CREDIT AGRICOLE
‘19 3.94
Aluminum Payment Cards ’18 3.61
Anomatic has spent the last three years in research and WORLDLINE
‘19 3.87
development of its all-aluminum anodized AnoCard card.
’18 3.48
AnoCards, which are manufactured using 100% recyclable
CREDIT MUTUEL
> see p. 5
‘19 3.86
Adflex B2B Digital Payment Processing ’18 3.61
More than 3,000 companies use the Adflex multilingual, © 2020 The Nilson Report
multicurrency (150+) platform to increase accounts payable and
accounts receivable efficiencies between buyers and suppliers.
Top 45 Merchant Acquirers in Europe
> see p. 6 A ranking of the 45 largest acquirers of Visa (including Electron)
and Mastercard (including Maestro) credit, debit, and prepaid
Investments & Acquisitions—April 2020 card payments from merchants in Europe based on transactions
Turn to page four for a list of 63 acquisitions and investments that processed in 2019 is presented in the chart on pages 8 and 9.
occurred in 20 countries in April 2020. The U.S. led with 26 deals, The chart above shows Europe’s eight largest merchant
followed by Europe with 18, Asia-Pacific with 11, Middle East- acquirers ranked by combined global brand (Visa, Mastercard,
Africa with 5, Canada with 2, and Latin America with 1. American Express, Diners Club, UnionPay, and JCB) payments
Prior issues: 1173, 1171, 1169 acquired as well as four Europe-based domestic-market-only
> see p. 4 > see p. 7
INSIDE 2 – 3 Fast Facts CHARTS 5 U.S. General Purpose Cards 1Q 2020 vs. 1Q 2019
Management Changes 7-9 Top Merchant Acquirers in Europe Ranked by: Transactions
& Purchase Volume and Mastercard/Visa Transactions
12 Top 25 Acquirers of Web Transactions in Europe
© 2020 HSN Consultants, Inc. THE NILSON REPORT VISIT US ONLINE AT WWW.NILSONREPORT.COM
FAST
FACTS
FIS has launched FIS Digital Issuance, which lets financial VISA, MASTERCARD, AMERICAN EXPRESS, and DIS-
institutions provide newly approved applicants with COVER have postponed increases in interchange and mer-
immediate mobile access to their credit and debit accounts. chant fees until April 2021. Adjustments had been scheduled
Avidia Bank is the first issuer to offer the service. FIS Digital for July 2020. Amex, Visa, Mastercard, and Discover have
Issuance also provides a same-day mobile replacement also postponed the imposition of the EMV fuel pump liability
option for cardholders whose cards are lost, stolen, or shift from issuers to gasoline sellers.
compromised. Jim Johnson is Head of Payments and Wealth
CONFERMA PAY, provider of virtual card technology to
at FIS, [email protected], www.fisglobal.com.
corporations, has integrated Visa virtual cards in the
Todd Wood is AVP Digital Banking at Avidia Bank, t.wood@
Conferma Pay mobile app. Employees can make virtual card
avidiabank.com, www.avidiabank.com.
payments anywhere contactless payments are accepted.
PAYA, an integrated payment provider that handles over Purchases are captured in a single record, providing the
$30 billion annually for over 100,000 customers, will be commercial card program manager with visibility into an
offered to clients of Healthfully, an enterprise healthcare individual’s spending. Paper receipts or manually submitted
service provider. Mark Engels is Chief Revenue Officer expenses are eliminated. Kevin Phalen is SVP, Global Head at
MAY 2020 at Paya, [email protected], www.paya.com. Visa Business Solutions, [email protected], www.visa.com.
ISSUE 1175 Paul Viskovich is CEO at Healthfully, [email protected], Simon Barker is CEO at Conferma Pay, simon.barker@
www.healthfully.io/. conferma.com, www.conferma.com.
No paid SECURETRUST, a division of Trustwave, has launched COMPASS PLUS migrated Network International’s 12
advertising. SecureTrust PCI Manager, a cloud-based platform that issuer processor clients (banks) in Egypt from legacy
No sponsored provides Payment Card Industry (PCI) compliance validation infrastructures in 2019. Network International, a top third-
content of any kind. and enhanced risk mitigation for acquiring banks and party processor in the Middle East and North Africa, has
Ever. merchant service providers. It was designed for all self- used Compass Plus software for 14 years. Alexey Osipov is
assessing entities (Level 2 through Level 4). Michael Petitti is EVP & MEA Managing Director at Compass Plus, a.osipov@
President at SecureTrust, [email protected], compassplus.com, www.compassplus.com. Hany Fekry is
www.securetrust.com. Managing Director, Egypt at Network International,
[email protected], www.network.ae.
CLEARSALE has moved the hosting of its anti-fraud
application to Microsoft Azure and to using the Azure SQL TRUSTONIC has provided KB Kookmin Bank (KB Bank),
Database hyperscale tier. The move lets ClearSale, which the largest bank in Korea with three million mobile custom-
has over 3,000 customers worldwide, streamline upgrades ers, with Trustonic Application Protection (TAP) to enable
to new and existing applications. Rafael Lourenco is EVP a simpler authentication process for the KB star banking
and Partner at ClearSale US, [email protected], app. Trustonic’s mobile application protection lets the bank
www.clear.sale. provide faster and more secure digital banking services
because it isolates authentication certificates in the
LINKED2PAY, a risk management and payment
hardware of smartphones. Dion Price is CEO at Trustonic,
technology provider, has launched CustomerConnect,
[email protected], www.trustonic.com.
which aims to eliminate late B2B invoice payments.
CustomerConnect supports merchant accounts on card DPO GROUP, a payment service provider to over 100,000
processing gateways including TSYS MultiPass/TransIT, merchants in Africa, has expanded operations to include
Heartland Portico, First Data, NAB Velocity, and francophone countries Senegal, Côte d’Ivoire, and the
Authorize.Net. It also supports the linked2pay and Paya ACH Democratic Republic of the Congo. DPO is the largest
gateways. Robert McShirley is CEO at linked2pay, PSP in South Africa. Eran Feinstein is CEO,
[email protected], www.linked2pay.com. [email protected], www.dpogroup.com.
ASURINT, provider of background checks used in the hiring UNIONPAY has expanded its online merchant acceptance
process for both recruiters and candidates, has gone live in Europe with 10 partnerships, including Stripe, Santander,
with BillingPlatform’s fully automated, cloud-based billing and Nexi. Since the beginning of the Covid-19 pandemic,
services. Dennis Wall is CEO at BillingPlatform, dennis.wall@ global online transaction volume at UnionPay has increased
billingplatform.com, www.billingplatform.com. Brent Sisson is by 20%. Wei Zhihong is International Market Dir. & General
CFO at Asurint, [email protected], www.asurint.com. Manager of Europe Branch, [email protected],
www.unionpayintl.com.
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12TH EDITION
The World’s Top Card Issuers and Merchant Acquirers
12TH EDITION
The World’s
Now Topedition,
in its 12th Card Issuers and Merchant
this 126-page Acquirers
report lists 1,109
Now issuers
card in its 12th edition,
in 117 this 126-page
countries grouped byreport lists 1,109
region.
card issuers in 117 countries grouped by region.
Our research report is available as a PDF and, for the
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and Card Issuers
Acquirers exploring our data.
and Merchant Acquirers As a Nilson Report subscriber, you will appreciate
1,109 CARD ISSUERS As a Nilson
having Report subscriber,
our regional and worldwide you will appreciate
figures in one
282 MERCHANT ACQUIRERS
1,109 CARD CANADA,
ASIA—PACIFIC, ISSUERSEUROPE, LATIN AMERICA,
UNITED STATES, MIDDLE EAST AND AFRICA
having our regional and worldwide figures
reference document. You will also get the following in one
282 MERCHANT ACQUIRERS
Visa, Mastercard, American Express, UnionPay, JCB, Discover and Diners Club
ASIA—PACIFIC, CANADA, EUROPE, LATIN AMERICA,
UNITED STATES, MIDDLE EAST AND AFRICA
reference
(not document.
published You will also get the following
in the newsletter):
Visa, YOU’LL
WHAT Mastercard,
FIND INAmerican
Worldwide
Express, UnionPay, JCB, Discover and Diners Club
THIS REPORT
By World Region
(not published in the newsletter):
• Top 300 Issuers Worldwide by Country (ranked by
WHAT YOU’LL FIND IN THIS REPORT
General Purpose Cards General Purpose Cards 2018 vs. 2017
Worldwide
Purchase Transactions on Global Cards By World
Market SharesRegion
of Purchase Volume
• purchase
Top 300 Issuers Worldwide by Country (ranked by
Purchases by CardCards
Type YOY Growth/Decline in Purchase Volume
volume)
General Purpose General Purpose Cards 2018 vs. 2017
Top 300 Issuers
Purchase Transactions on Global Cards Top General
Market Purpose
Shares Card Issuers
of Purchase Volume
Top 150 Credit
Purchases Card Type
by Card Issuers Top
YOY50 Credit Card Issuers
Growth/Decline in Purchase Volume
Top
Top150
Top
300Debit
Top100
Card Issuers
Issuers
150Maestro Issuers
Credit Card Issuers
Top
Top50 Debit Purpose
General
Largest
Card Issuers
Top 50 General
Card Issuers
Purpose
Credit Card Card Issuers
Issuers
purchase
• Top volume)
Merchant Acquirers Worldwide (ranked by
Top
Top150
Top
150Credit
Top150
Card Issuers
Debit Card
100Merchant
Portfolios
Acquirers
Maestro Issuers
Card Issuers
Top 50
Largest
DebitCredit vs. Debit
Card Issuers
LargestMerchant Acquirers
General Purpose Card Issuers
• purchase
Top Merchant Acquirers Worldwide (ranked by
volume)
Top 150 Credit Card Portfolios
Top
Photo by 150on
Kewal Merchant
UnsplashAcquirers
Card Issuers Credit vs. Debit
© 2020 HSN Consultants, Inc. THE NILSON REPORT MAY 2020 / ISSUE 1175 / THE NILSON REPORT 3
© HSN Consultants, Inc. 2019 THE NILSON REPORT SEPTEMBER 2019 / ISSUE 1161 / THE NILSON REPORT 2
Investments & Acquisitions April 2020
Company Buyer/Investor Amount Country Company Buyer/Investor Amount Country
(mil.) (mil.)
ALTERNATIVE CREDIT MERCHANT ACQUIRING/PROCESSING (CONTINUED)
Afterpay Tencent 1 $224.0 Australia Stripe Series G 22 $600.0 U.S.
AlphaCredit equity round 2
$100.0 Mexico MOBILE PAYMENTS
Cross River Series C 3 $100.0 U.S. Hubpay seed funding 23 * U.A.E.
Oriente Series B 4
$50.0 Hong Kong M-Pesa Safaricom/Vodacom 6
* Kenya
Paidy Series C 5 $8.0 Japan M2P Solutions/YAP Series A 24 $4.5 India
Tidewater Credit Genesis Credit 6
* U.S. Mamo Pay seed funding 7
$1.5 U.A.E.
ATMS Moka Gojek 6
$130.0 Indonesia
Dolphin Debit Euronet 6 * U.S. PhonePe corporate round 25 $28.0 India
Tremont Capital Paramount Management 6
* U.S. Phos seed funding 26
$1.4 U.K.
B2B PAYMENTS VibePay undisclosed venture round 27 $1.5 U.K.
AvidXchange Series F 7
$128.0 U.S. Voyager (PayMaya) equity round 28
$120.0 Philippines
Digits Series B 8 $22.0 U.S. PERSONAL FINANCE
Global Envoi Harbour & Hills 6 * Hong Kong Chip crowdfunding $3.2 U.K.
Investree Series C 9
$23.5 Indonesia Snoop seed funding 29
$3.6 U.K.
Previse undisclosed venture round 10 $11.0 U.K. Stash Series F 30 $112.0 U.S.
Railsbank Series A 11
* U.K. Trade Republic Series B 31
$69.0 Germany
Sila seed funding 12 $7.7 U.S. PREPAID CARDS
BLOCKCHAIN/CRYPTOCURRENCY Airwallex Series D 32 $160.0 Hong Kong
Applied Blockchain seed funding 13 $2.4 U.K. MoneyToPay Global Payments/CaixaBank 6 * Spain
Bitpanda undisclosed venture round 14
* Austria SVM Cards Blackhawk Network 6
* U.S.
Crypto Finance Series B 15 $14.9 Switzerland University Fancards Series A 33 $4.0 U.S.
Portis ShapeShift 6
* Israel SECURITY
Props token sale 16
$2.0 U.S. Beyond Identity Series A 34
$30.0 U.S.
CARD PROCESSING BioCatch Series C 35 $145.0 Israel
Galileo Financial SoFi 6 $1,200.0 U.S. IdentityMind Acuant 6 * U.S.
CREDIT BUREAU Onfido Series D 36 $100.0 U.K.
Credit Kudos Series A 17 $6.0 U.K. Privitar Series C 37 $80.0 U.K.
LOYALTY/OFFERS SOFTWARE
Aimia Kognitiv 6 * Canada Greenbits Series B 38 $23.0 U.S.
Empyr Augeo 6
* U.S. Paytronix Systems private equity round 39
$10.0 U.S.
MERCHANT ACQUIRING/PROCESSING Recko Series A 40 $6.0 India
Acceptiva Qgiv 6 * U.S. Yapily Series A 41 $13.0 U.S.
Bango NHN 18 $3.7 U.K. *Terms not disclosed. Purchased a 5% stake. Led By SoftBank's Latin
1 2
BNA Smart Ackroo Canada 6 * Canada America Fund. 3 Led by Shefa Capital. 4 Led by Lee Ka Kit. 5 From Itochu.
6
Acquisition. 7 Investors not disclosed. 8 Led by GV. 9 Led by BRI Ventures.
Echo Daily VizyPay 6 * U.S. 10
Led by Mastercard. 11 Including Visa. 12 Led by Hope Cochran. 13 From QBN
EVO Payments private equity round 19
$150.0 U.S. Capital. 14 From Speedinvest. 15 Led by Lingfeng Capital. 16 Led By Union Square
FlashBanc Celero 6 * U.S. Ventures. 17 Led by AlbionVC. 18 Purchased a 4.7% stake. 19 From Madison
Dearborn Partners. 20 Led by Y Combinator Continuity. 21 From DNB and
Gateway Payments Payroc 6 * U.S. Danske Banke. 22 Led by Andreessen Horowitz. 23 Led by Signal Peak Ventures.
GoPay Worldline 6
* Czech Rep.
24
Led by Beenext. 25 From Flipkart. 26 Led by New Vision 3. 27 Including Vela
Technologies. 28 Led by IFC Asset Management. 29 Led by Havisham Group.
Korta Rapyd 6 * Iceland 30
Including Lending Tree. 31 Led by Accel and Founders Fund. 32 Led by
Paytron Australis Capital 6
* U.S. Salesforce Ventures. 33 Led by MetaBank. 34 From Koch Disruptive Technologies
and New Enterprise Associates. 35 Including American Express. 36 Led by TPG
Podium Series C 20 $125.0 U.S.
Growth. 37 Led by Warburg Pincus. 38 Led by Tiger Global Management. 39 Led
Spiir equity round 21
$5.1 Denmark by Great Hill Partners. 40 Led by Vertex Ventures. 41 Led by Lakestar.
© 2020 The Nilson Report
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Aluminum Payment Cards
from page 1...
aluminum, are scratch-resistant. They can be made What is distinctive about aluminum cards is the
in any color with bright and semibright finishes. All vibrancy of the color printing, which is also immune
edges are completely smooth. to fading or discoloring over time. AnoCards, which
AnoCards weigh 9.5 grams, are heavier than PVC cards but
are immediately lighter than other metal cards.
available for Anomatic can deliver cards premilled with pockets
identification, that accommodate chips and magnetic stripes from its
insurance, facilities in the U.S. All design, prototyping, tooling,
loyalty, and anodizing, and fabrication occur in the same plant.
private label The company operates over 90 stamping presses and
prepaid 14 anodizing lines. It can produce over 2.50 billion
use cases. units a year.
Accreditation
from Visa and Mastercard is in progress and hoped ...validated by third-party labs to
for by year-end 2020. Full-function contact-only
meet all relevant ISO standards.
AnoCards have already been validated by third-
party labs to meet all relevant ISO standards. The
cards cannot support contactless payments because Steve Rusch is VP Marketing and Business Development
aluminum blocks radio waves. at Anomatic in New Albany, Ohio, srusch@anomatic.
com, www.anomatic.com.
© 2020 HSN Consultants, Inc. THE NILSON REPORT MAY 2020 / ISSUE 1175 / THE NILSON REPORT 5
First Quarter Card Results in the U.S.
from page 5...
Mastercard Send volume reached Of all card transactions at share decreased 39 basis points
$694.29 billion, up 7.6%. Visa merchants, credit cards accounted over the first quarter of 2019.
payment volume (including for 38.73%, up from 38.46% a year Mastercard’s market share of
Visa Direct) credit card purchase transactions
on debit and Credit card purchase volume of was 23.54%, up 91 basis points.
prepaid cards American Express held a 13.38%
$931.72 bil. increased 3.1%.
increased 7.6%. market share of all credit card
Mastercard payment transactions, down 60
debit and prepaid card payment earlier. Transactions on Visa cards basis points. Discover held a 6.16%
volume (including Mastercard accounted for 56.92% of all credit share, up 8 basis points.
Send) grew 7.5%. card transactions. Visa’s market
Prior issue: 1157
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Adflex offers a virtual terminal with web Global Payments, and American Express. Elavon
application. Merchants can upload files for Adflex to recently signed a Europe-wide partnership with
process. The Adflex. Mastercard has selected Adflex as a partner in
Adflex card Europe to test its Track Business Payment Service.
payment API Adflex is an Amazon Web Services partner. It
integrates into is also building the capability to offer Google Low
a merchant’s Code, which utilizes a visual approach to application
ERP system development. Developers with little experience can
or payment use a graphical user interface with drag-and-drop
platform. The company is fully integrated with SAP components and model-driven logic to create web and
and offers customers worldwide access to merchant mobile applications.
acquiring services. Pat Bermingham is CEO at Adflex in London, U.K., patb@
Customers include Barclaycard, HSBC, Visa, BNP adflex.co.uk, www.adflex.co.uk.
Paribas, Citi, Bank of America, Fiserv (First Data),
© 2020 HSN Consultants, Inc. THE NILSON REPORT MAY 2020 / ISSUE 1175 / THE NILSON REPORT 7
Top 45 Merchant Acquirers in Europe
from page 7 in Central and Eastern Europe involving Global The 45 largest acquirers handled 315.3 million (up
Mastercard and Visa purchase volume combined was Sberbank remained Europe’s largest Mastercard/ Payments, CaixaBank, and Erste Group moved to 11.1%) transactions from American Express, Diners
$3.415 trillion. Visa merchant acquirer, a position it has held since 43rd from 45th. Club, Discover, JCB, and UnionPay credit cards last
Of the 45 largest merchant acquirers in Europe, 27 2016. Sberbank dominates acquiring in Russia, where Tinkoff Bank made the Top 45 ranking for the year. Those payments were valued at $24.79 billion.
handled more than 1 billion Mastercard and Visa card it is over 8 times larger than its nearest competitor. first time and took the J.P. Morgan Merchant
payments last year. That group handled a combined J.P. Morgan Merchant Services pulled ahead of 44th place. 27 acquirers processed 1+ bil. Services acquired 34.7%
89% of the purchase transactions and 88% of the Credit Agricole and Credit Mutuel to become Europe’s The 45 largest acquirers of that business.
purchase volume. 4th largest Mastercard/Visa acquirer in 2019. handled 18.11 billion (up
Mastercard/Visa transactions. Russia-based Mir led
Mastercard and Visa purchase volume and VTB Bank moved up to 15th largest in 2019, up 44.4%) web-based (online Europe’s domestic-only
transactions included in the web-based column from 17th in 2018. UniCredit moved to 25th largest, and mobile) transactions in 2019 valued at $975.24 debit and credit brands with 4.86 billion transactions
in the chart below are the online and mobile up from 26th. Gazprombank moved up to 30th billion. J.P. Morgan Merchant Services held a 24.9% handled by acquirers listed here. In 2019, Sberbank
business of those acquirers. Web-based is a subset from 33rd. Payone, owned by Ingenico since the first market share of all web-based transactions among the acquired 4.37 billion Mir transactions. Another 494.4
of the Mastercard/Visa column to the left side of quarter of 2019, moved to 32nd from 38th. top 45 acquirers in Europe. Adyen’s share was 14.9%, million Mir transactions were acquired collectively
those figures. Santander Espana Merchant Services moved up to Worldpay’s share was 14.4%, Barclay’s share was
38th from 39th. Global Payments, the joint venture 6.3%, and Sberbank held a 6.0% share. > see p. 12
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rest of the year...I want us to be Bridges in the U.S. city of pandemic by helping merchants
Payment Industry’s Response to Covid-19—Part 3 able to handle as much as 50% Philadelphia resumed accepting move to ecommerce and curbside
from page 1 occupancy in most locations by the cash for payment of tolls. The U.S. pickup with its Online Checkout
Payment Cards Despite a January purchase account-to-account transfers to end of the year. But I want to be Department of Transportation function. Weekly gross payment
A New York Federal Reserve agreement, Wex is attempting to charities. Cross-border payment clear that I don’t expect us to get took the unusual step of reiterating volume on the company’s online
Bank study revealed household terminate its purchase of U.K.- platform Rapyd waived foreign anywhere near the 50% mark by its position on air travel refunds, store has grown 500% since the
debt in the United States increased based B2B payment specialist exchange and processing fees the end of 2020…We are going to and a bill called the Cash Refunds launch of its curbside capability.
1.1% to $14.300 trillion in the Optal and Australia-based travel on the first $100,000 in total phase in the number of people in for Coronavirus Cancellations Act Square, heavily dependent on
first quarter of 2020 despite a payment firm eNett. processing volume for new each location, starting slowly at as of 2020 was put forward by United brick-and-mortar stores, closed Q1
larger than expected $34-billion PSCU, a top provider of card businesses in the U.S., Brazil, low as 10% occupancy…we’ll have States Senators. with a loss of $106 million. Klarna
seasonal decline in credit card account processing services to and Mexico. procedures for seating and moving reported U.S. customers initiated
debt. The JPMorgan Chase credit unions in the U.S., reported In Canada, Mastercard’s around in each building to ensure 25% more transactions with
Institute found that household that credit card spending is down RiskRecon unit responded to
CHINA airlines in the week ended May 9
spending on Chase credit cards more than 20% in the states escalating criminal hacking by than the prior week.
WeChat Pay will be
fell 40% year over year by the hardest hit by Covid-19. However, extending a free cybersecurity U.K. The U.S. Department of
distributing over $1.4 bil-
end of March despite a frenzy debit card spending is up 8.5% in assessment service. Mobile Commerce found that April
of early spending on household those same states. PSCU said card- payment provider bKash, the Issuers offered payment lion worth of government- retail sales were down 16.4% from
essentials when the implications not-present (CNP) transactions holidays to 700,000 issued spending vouchers. March and down 21.6% from
of stay-at-home orders became among its member credit unions customers in April. April 2019. Retail apparel took an
apparent. Chase is the largest U.S. nationwide were up over 51%, U.S. BANGLADESH especially large hit with an 89.3%
Wex is attempting to terminate
credit card issuer ranked by credit while CNP counted for nearly 60% January purchase agreements year-over-year decline. Retailers
card outstandings. of all purchase volume. A Chase study found house- bKash reported an J. Crew, Neiman Marcus, and
hold spending on its cards fell for Optal (B2B payments) and $12-million surge
Brazilian payment processor India’s government expanded JCPenney filed for bankruptcy
40% YOY in March. eNett (travel payments). in remittance funds.
StoneCo laid off 1,300 employees, low-interest credit offered to the protection. All three have private
roughly 20% of its workforce. country’s hard-hit agricultural Shopify reported a 62% label credit card programs. In
Digital wallet provider PicPay sector through Kisan Credit increase in storefronts and Retail Shift its earnings call, Evo Payments
surpassed 20 million customers Cards available from 10 regional, a 47% rise in revenue. social distancing…That means no ACI Worldwide documented reported recently dormant
seven months ahead of cooperative, and public sector meetings in conference rooms and the rapid shift from spending in merchants are making and taking
precoronavirus projections. Trade banks. The Reserve Bank of India no visitors or contractors in our brick-and-mortar stores to online payments again after 35% of its
association UK Finance reported called for a moratorium on credit BRAZIL buildings…we’ll be enhancing our merchants. The company’s analysis customers ceased trading following
that issuers in the U.K. offered card payments in April. cleaning protocols, making hand indicates that general retail the imposition of lockdown
payment holidays to 700,000 In the United Kingdom, PicPay’s digital wallet reached sanitizers readily available, and ecommerce grew 209% year over orders. China’s National Bureau
credit cardholders in the month K Wearables and its partner 20 million customers seven optimizing our air conditioning year in April, while gaming (126%) of Statistics reported retail sales
of April. The association said Moorwand were overwhelmed months ahead of projections. systems…enhanced screening and and digital downloads (26%) also of consumer goods were down
27 million card accounts were by demand after they offered monitoring of everyone entering saw significant
offered three months of interest- 300 rings with embedded our offices, including ways to increases. Retail ecommerce grew 209%
free borrowing on the first $610 EMV-compliant contactless largest in Bangladesh, reported a measure temperatures.” Indian payment
year over year in April.
(£500) of overdrafts. Issuer payment technology to frontline $12-million surge in remittance platform provider
Virgin Money UK suspended, workers in the National Health funds in April, up from $3 million Policy Simpl reported
then reinstated, new purchases on Service (NHS). Payment card in March. The World Economic Forum a 30%-35% increase in in April by 16.2% year over year.
manufacturers released a study recognizing the transactions on essential items. Tencent announced more than
U.S. household debt increased Cardel, Nitecrest, Back to Work contributions of digital payment A Mastercard research report $1.4 billion worth of WeChat
and Allpay American Express’s CEO, technology during a pandemic on 12,500 consumers in Europe Pay Spending Vouchers will be
1.1% to $14.300 trillion.
partnered to Stephen Squeri, speaking to through the lens of China’s reported a 36% uptick in online distributed. Tencent’s first quarter
produce protective employees via video, said, “We still accelerated adoption of digital spending on essentials, as well earnings of $15.2 billion were led
more than 30,000 credit cards in visors for the NHS. Flatfair don’t know exactly when we will payments following the outbreak as a surge in spending on books, by its online gaming companies.
the first week of May, seemingly introduced a software tool for start coming back (to the office) of SARS in 2003. In the United online entertainment, and The company’s fintech holdings,
against prior guidance by the U.K.’s resolving rent disputes and but we expect it will take several States, a coalition was formed exercise equipment. which include WeChat Pay and
Financial Conduct Authority. creation of payment plans between months in most locations…for the to encourage preservation of cash There was a 62% increase in a stake in Afterpay, were up 22%
Visa, Mastercard, American residential leaseholders and most part our offices in the near payments. Members include the new online storefronts created year over year, but down 12% from
Express, and Discover announced landlords. TrueLayer, provider of term will be alternative workspace Amusement and Music Operators on Shopify’s ecommerce the previous quarter.
delays in implementing changes to APIs customers deploy to facilitate for people...In fact, if you can Association, the National Armored platform, while the company’s Q1
interchange and other merchant open banking, launched a fee- work from home effectively, you Car Association, and ATM revenue increased 47% year over Prior issues: 1174, 1173
fees until April 2021. free standalone app to initiate should plan on doing so for the manufacturer Diebold Nixdorf. year. Square responded to the
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