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The payments industry’s 2022 performance shows ongoing change with opportunities for growth and margin improvement across geographies and products. A close look at revenues uncovers structural changes, including new developments in instant payments and digital wallets.
The PCI Security Standards Council (PCI SSC) is a global forum that brings together payments industry stakeholders to develop and drive adoption of data security standards and resources for safe payments worldwide.
Introduction. The payments industry was alive with activity in 2021. Reflecting on the past year, some of the significant trends we tracked included: * Massive funding rounds. Payments companies raised more than 40 funding rounds of $100 million or greater in 2021, according to S&P Capital IQ Pro. * Significant M&A activity.
Debit and credit card transactions continued to grow at rates comparable to those before the pandemic (20 percent and 18 percent, respectively, between 2020 and 2021), as A2A growth mainly cannibalized cash and, to a lesser extent, checks, rather than card transactions.
Demonstrating the resilience of the payments industry, overall electronic payment transactions grew at a 19 percent rate in 2021—in line with prepandemic growth rates. Global e-commerce registered growth of roughly 17 percent, primarily driven by China, which now accounts for roughly half of global retail e-commerce sales.¹ The most
Credit cards are a US payments ecosystem staple, and although their prominence fell at the start of the pandemic, tides turned by late 2021—JPMorgan Chase posted 19.8% growth across the two years ending in Q3 2021, while Wells Fargo’s credit card point-of-sale volume rose 29.9% over the same period.
BCG’s 20th annual study of the global payments industry examines how all participants in the payments ecosystem—including acquirers, issuers, networks, wholesale transaction banks, and fintechs—can raise their game by pursuing new strategies for growth.
BCG’s 20th annual study of the global payments industry examines how all participants in the payments ecosystem—including acquirers, issuers, networks, wholesale transaction banks, and fintechs—can raise their game by pursuing new strategies for growth.
Here is a list of top 10 Payment Industry Players. Visa: A leading global payment network known for its extensive credit and debit card services. Visa facilitates secure and efficient electronic transactions worldwide. Mastercard: Another major payment network offering a range of credit and debit card solutions.
Access the full ‘State of Global Payment Market’ report today to explore the main drivers and trends transforming the global payment industry, and find out how Mastercard Data & Services can help you navigate the challenges and opportunities of this evolving market.