๐๐๐ฒ๐ฟ ๐๐ผ๐ป๐ฑ๐ฒ๐ฟ ๐๐ต๐ผ ๐๐ถ๐ป๐ ๐ฏ๐ถ๐ด ๐ถ๐ป ๐๐ต๐ฒ ๐จ๐ ๐ฎ๐ป๐ฑ ๐๐จ ๐บ๐ฒ๐ฟ๐ฐ๐ต๐ฎ๐ป๐ ๐ฎ๐ฐ๐พ๐๐ถ๐ฟ๐ถ๐ป๐ด ๐๐ฝ๐ฎ๐ฐ๐ฒ ๐ตโโ๏ธ โ
The article below is a short version. To access the full article, please join in Paypr.work Member area for weekly payments articles and bespoke infographics๐คฉ
According to Research and Markets, the global merchant acquiring market was valued at around USD 24.91 billion in 2021 in terms of volume. In terms of transaction flow, the market reached 421.03 billion in 2021๐ธ ๐ธ
Merchant #acquiring has often been seen as a commodity, hence forcing players to compete on transactional volume and margins. Today however, new technology and agile players are now differentiating the acquiring offering by upgrading the game with greater ux, value added services, security products and other innovative layers etc...
Every year Nilson Report compiles a league table tracking the largest merchant acquirers globally๐ซ. The retail segment accounts for the major share of the Merchant Acquiring market globally.
Below is an extract of the largest 15 players. Congrats to all these top players๐. They are ranked by volume of purchase transactions (Visa, Mastercard, China UnionPay, American Express, Discover Financial Services, Diners Club International, JCB International (Europe) Ltd. and the domestic #debit and domestic #credit card schemes) by country.
Interesting reading, keen to hear what you make of it too๐โ๏ธ
#paymentsexperts share your insights ๐ค
๐๐๐ ๐ ๐ฉ๐๐๐จ ๐๐ค๐ฃ๐ฉ๐๐ฃ๐ฉ?
๐ ต๐ พ๐ ป๐ ป๐ พ๐ Paypr.work
-----
๐On a mission to build, refresh and simplify payments content๐. Any input or insights to add, join inโฌ๏ธ
โ๏ธShare / Reshare / Repost
โ๏ธTag the experts
โ๏ธComment
๐๐ฝJoin Paypr.work Learn and collect our Free ebook learn.paypr.work
#payments101 #letsbuildtogether #letslearntogether
#paymentsinfographics #payprwork