Modern card issuers are turbocharging the issuer processor space by offering API-based, customizable card solutions for non-financial services companies. Mobile payment services, ecommerce marketplaces, and the gig economy are in their sights—along with $17.12 billion in issuer processing revenues.
Key Question: How are modern card issuers growing within the issuer processing space?
KEY STAT: Modern card issuers Marqeta and SoFi have quickly carved out a 6.2% revenue niche among six key issuer processors—and they are poised to grow that share further as digital card issuance gains steam.
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