News

June 08, 2020

J.P. Morgan Merchant Services Named #1 eCommerce Acquirer in Europe



J.P. Morgan's continued focus on the payments space is bearing fruit as the latest issue of The Nilson Report has ranked the firm as follows:

  • #1 eCommerce acquirer in Europe by web transactions for the fifth year running
  • #4 merchant acquirer in Europe by transactions, up from #6 in 2018 and with a 17% year-over-year increase in volume
According to the report, the 45 largest acquirers handled 18.11 billion (up 44.4%) web-based (online and mobile) transactions in 2019 valued at $975.24 billion. J.P. Morgan Merchant Services held a 24.9% market share of all web-based transactions among the top 45 acquirers in Europe. The business also pulled ahead of Credit Agricole and Credit Mutuel to become Europe's 4th largest Mastercard/Visa acquirer in 2019.

"Ensuring we provide clients with connectivity through our eCommerce capabilities has been a huge focus area in recent years, and these payments have only increased in prevalence in 2020 as the COVID-19 pandemic has impacted consumer behaviours and we have seen a clear spending shift from physical stores to online merchants," said Ray McDonnell, Managing Director and Co-Head of Merchant Services in Europe. "We continue to guide clients through a complex regulatory and cybersecurity environment, working towards our goal of enabling them to accept payments anywhere in the world, in any currency, and through any method of payment."


About J.P. Morgan's Wholesale Payments business
J.P. Morgan's Wholesale Payments combines treasury services, trade, commercial card, and merchant services capabilities to help clients pay anyone, in any currency, anywhere in the world. J.P. Morgan is at the forefront of payments innovation, developing cutting-edge solutions to help clients succeed in an era of service and technology transformation.

For more information about J.P. Morgan Merchant Services, please visit: https://www.jpmorgan.com/europe/merchant-services