Visa, MasterCard, American Express Company are Dominating the Global Tokenization Market in 2021

Global Tokenization Market is expected to grow with the CAGR of 16.8% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.

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Global tokenization market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global tokenization market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement, business expansion, award and recognition into the market. This helped companies to maximize the sales with enhanced product portfolio.

For instance:

  • In January 2022, Visa has announced a new platform, Visa Acceptance Cloud (VAC) to modernize the capabilities of payments services. This new platform will help the company to improvise and strengthen the capabilities of solutions provided to the customers which can improve the customer relationship with the company.

Visa is the dominating player in global tokenization market. The other key players existing in the market Fiserv, Inc., Thales Group, Braodcom, Futurex, Hewlett Packard Enterprise Development LP, FIS, Lookout, Inc, Protegrity Inc., Mastercard, Micro Focus, American Express Company, Entrust Corporation, VeriFone, Inc., utimaco GmbH, PaymentVision, Tokeny sàrl, Quantoz NV, HST, Paya, Inc., Baffle, StrongKey, Inc., Prime Factors, Fortanix, AsiaPay Limited, Marqeta, Inc., Open Text Corporation, Randtronics , Bluefin Payment Systems, Sygnum Pte. Ltd., among others.

Visa

Visa was founded in the year 1958 and is headquartered is in California, U.S. The company focuses on providing digital payment solutions globally. The company has several product categories including Individuals, Businesses and Innovators of which Businesses is market focused category.  

For instance,

  • In December 2021, Visa announced the acquisition of Currencycloud to provide foreign exchange solutions for cross border payments. This acquisition will help the company to improve its cross border solutions and accelerate the global footprint expansions resulting the revenue growth for the company.

The company has wide presence across Europe, Asia-Pacific, Americas and Middle East & Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Visa Land Management II, Inc. (Delaware), Visa Information Systems (Shanghai) Co., Ltd.(China), Visa Canada Corporation (Canada), Visa International (Holland) B.V. (Hong Kong), Visa Worldwide (Japan) Co., Ltd. (Japan)among others.

MasterCard

MasterCard was founded in the year 1966, and is headquartered in New York, U.S. The company is engaged in digital technology to provide simple, smart and accessible payment solutions. The company has several product categories including Masttercard Data & Services, Mastercard Brand Center, Mastercard Marketing Center, Mastercars Developers, Priceless Specials and Priceless Cities of which Mastercard developers is market focused category.   

For instance,

  • In January 2022, Mastercard announced the launch of Mastercard Track Instant Pay, a virtual card solutions. This new product will help the company to integrate B2B network business payments using machine learning processing, thus, new technology and product will help to diversify the product portfolio and attracts new customers

The company has presence in Europe, Asia-Pacific, Americas and Middle East & Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as MasterCard Brasil S/C Ltda (Brazil), MasterCard Cono Sur S.R.L. (Argentina), MasterCard Asia/Pacific (Australia) Pty. Ltd. (Australia), JNS Corporation Yugen Kaisha (Japan), MasterCard GTS Software Private Limited (India) among others.

American Express Company

American Express Company was founded in the year 1850 and is headquartered in New York, U.S. The company is engaged in building successful business through providing integrated payment solutions through credit and charge cards to consumers, small businesses, mid-sized businesses and large corporations. The company has several product categories including Digital, Security, Acceptance and For Developers & Tech Providers of which Security is the focused category.

For instance,

  • In February 2022, American Express Company has announced the partnership with Main Street America to support U.S. small businesses. This partnership will help the company to boost the businesses for small scale industries which in turn helps to add new customers to the company.

The company has presence across Europe, Asia-Pacific and Americas. In addition to it, the company also generates its revenue from the various subsidiary companies such as AE Exposure Management Limited (U.S.), American Express Continental, LLC (U.S.), Loyalty Solutions & Research Pte Ltd.(India), Payback GmbH (Germany), American Express Carte France SA (France) among others.