Today's Takeaway: it's a growth industry!

Introducing Faces of our DWP processing world:

Pivotal Payments' Fayer

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The growth industry that just keeps on growing -- that's the merchant card processing industry.  Aren't you glad you're part of it!  Graph below shows the growth of the latest technology -- mobile phones -- used to process transactions.  Look at growth from 2010 to this year:  5 years   800% growth.  Is my math right?  52 billion to 431 billion is what % growth?  Anyway, IT'S BIG!

 

Global mobile payment transaction volume from 2010 to 2017 (in billion U.S. dollars)

This statistic shows the global mobile payment transaction volume from 2010 to 2013 with a forecast for 2017. The worldwide mobile payment volume in 2012 was 163.1 billion US dollars and is expected to grow to 721.4 billion U.S. dollars in 2017.

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2010

• 52.9

0100200300400500600700800

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 LOOK AT THE US ALONE:

From the Forrester blog ---  "Although the landscape of mobile payment providers is in an ongoing state of flux, the ecosystem and mobile capabilities are maturing and consumer and merchant adoption is accelerating.  Over the next five years, US mobile payments will grow from $52 billion in 2014 to $142 billion by 2019 with both national brands and local merchants. "

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And from other researchers:  Juniper's research is backed up by other new research from the Yankee Group, which says mobile transactions are expected to surpass $1 trillion in 2015, up from about $241 billion in 2011— a CAGR of 56 percent that will be driven by the introduction of 500 million new mobile banking users. 

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Training event today:

Webinar tonight at 6pm PACIFIC for CLOVER with PRICING.  See Newsletter for details!