Jussi Saramo· The Left

Unverifiable

Among the ten largest payment intermediaries, there are only American, Chinese, one Indian and a service maintained by the Brazilian Central Bank.

Omissions

• The MEP did not specify the metric used to determine 'largest' (transaction volume, number of transactions, market capitalization, or revenue)
• No specific time period was cited for the data
• The claim groups 'American' and 'Chinese' companies without specifying exact numbers for each
• The Brazilian Central Bank service likely refers to 'Pix', but this is an instant payment system rather than a traditional payment intermediary

Sources

• PrimaryNilson Report - Global Brand Cards Worldwide Midyear 2024Visa maintained position as most widely used global brand with 38.66% market share based on total credit, debit and prepaid card purchase volume
• SecondaryBusiness Wire - Top Ten Payments Companies Processed $10.6 Trillion in 2024JPMorgan Chase ranks first for estimated US total processing volume at $2.6T and 50B transactions
• SecondaryCFTE - Ranking of Largest Fintech Companies in 2025Largest fintech companies by market valuation include Tencent, Visa, Mastercard, PayPal, UnionPay, Alipay, WeChat Pay among others