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Stock impact report

Top 20 global payment giants thrive despite economic challenges, rake in $236bn in 2023, reveals GlobalData [Yahoo! Finance]

Nuvei Corporation (NVEI) 
Company Research Source: Yahoo! Finance
The top 20 public payment companies saw their revenues rise by 3.5% to $236bn, reveals GlobalData, publishers of EPI. The US payment companies dominated the list with the top four – American Express, Visa, PayPal, and Mastercard - accounting for 65% of the aggregate revenue of the top 20. Driven by an increase in global payment volume, the big four grew by almost 10%. Wise, Nuvei and Block Other companies in the top 20 list that recorded impressive top-line growth include Wise, Nuvei and Block, which reported more than 20% growth. Murthy Grandhi, Company Profiles Analyst at GlobalData, said: “Wise revenue grew by 48% supported by a two basis points increase in the cross-take rate, driven by an expansion in both customer numbers and transaction volume. Its number of active customers increased by 29% to 12.8 million, with 5.4 million new customers joining and making their first cross-border transaction. This increase in customers led to a 13% rise in cross-border volumes, totali Show less Read more
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