In the latest edition of our Payments Sector Watch, we take a look at a number of publications dealing with the transformation of the card acquiring market.
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In the latest edition of our Payments Sector Watch, we take a look at a number of publications dealing with the transformation of the card acquiring market.
Arkwright highlights what may seem to be contradictory transformations in the global card acquiring market:
- Over the 2017/2021 period, the card acquisition market grew by an average of 30% a year in volume and 13% in value. Asia is driving this growth, with 51% growth in volume and 16% in value respectively. Europe stands at 17% in volume and 10% in value.
- The ten largest buyers alone will account for just over 50% of volumes in 2021. This market share increased slightly between 2017 and 2021.
- Surprisingly, it is the players ranked above 100th in terms of market share that have seen their market share increase the most, to the detriment of players ranked between 10th and 100th.
- Arkwright explains this by a shift in value towards players who offer services that go beyond "pure" acquisition. Or, more precisely, players who aggregate acquisition as a "commodity" within broader services for merchants, such as marketplaces, orchestration or social networks.
Mastercard has published an Implementation Guide for Tap on Phone, which opens up the possibility of integrating payment directly into mobile applications such as home delivery or queue collection. Mastercard details the 6 steps required to certify a Tap on Phone solution, although the requirements for two steps have not yet been fully finalized: for EMVCo Level 1 testing, and for the security evaluation of PIN transactions.
For more information and to obtain the complete watch: contacteznous@oaklen.eu
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