PrivatBank ranked 37th in the ranking of the world’s 150 largest acquirers according to the international analytical publication Nilson Report based on the results of 2024, improving its result from last year by three places.
According to the ranking, PrivatBank provided 3 billion 461.3 million purchase transactions made with bank cards.
The Ukrainian bank is 1.2 million behind Chile’s Transbank, which is in the lead, but is 154.2 million transactions ahead of Brazil’s StoneCo, which is in second place.
PrivatBank remains the only Ukrainian representative in the top 150 ranking of the world’s leading banks and financial acquiring companies in terms of the number of payments made with bank cards in the retail network.
At the end of 2024, the bank also rose to 16th place among the 20 largest acquirers in Europe.
“Acquiring is a very cool business, and we are truly a leader in this sector. It combines the needs of retail customers and business customers. Thanks to the products offered alongside acquiring, customers can buy more and sellers can sell more: credit cards, payment in installments, instant installment plans, and so on,” explained Yevhen Zaigraev, member of the PrivatBank board for corporate business and SMEs, in an interview with Interfax-Ukraine.
According to him, the bank knows its customers well—retailers and their statistics—and has even created a separate focus in the corporate segment, focused on various types of retail.
Zaigraev clarified that, unlike mobile operators, the bank does not sell anonymized data from its database, but, like any other bank, uses the accumulated data for analytics in order to make better decisions based on modeling.
“Data is, of course, an advantage. For example, thanks to this information, we have better risk models to provide even higher quality loans. Thanks to this data, we can predict, and have already created models, which products customers need or do not need. As a result, we sell with a much higher conversion rate: depending on the product, 5-7 times higher,” said a member of PrivatBank’s board.
According to him, taking into account things such as AI (artificial intelligence), the potential for using data is very high.
According to the Nilson Report ranking, Russia’s Sberbank became the world’s largest acquirer with an annual volume of nearly 52.1 billion transactions, followed by JPMorgan in the US with 50.8 billion, and Worldpay with 48 billion transactions.
The Nilson Report is a leading international analytical publication specializing in research on the global market for payment cards, electronic payments, and acquiring.
According to PrivatBank, in the first nine months of 2025, Ukrainians paid for goods and services worth UAH 900 billion through the bank’s acquiring ecosystem, which is 20% more than in the same period of 2024.
At the same time, card payments through the Terminal app increased by almost 70% to UAH 10.8 billion, and through the LiqPay internet acquiring service to about UAH 66 billion since the beginning of 2025.
