Online Payments in the US: Navigating The Marketplace

Friday 27 February 2004 19:05 CET | News

Celent predicts that the online payment industry will capture US$12.5 billion in revenues by 2005, up from US$8.0 billion in 2003.

In a new report, Online Payments in The U.S.: Navigating The Marketplace, Celent examines the online payment marketplace, its key participants, and the major trends affecting it. Based on over 100 interviews with industry executives, the report is a sweeping review of one of the fastest-growing segments of the U.S. payment industry. Among its key findings, the report anticipates that innovative payment services providers will experience a 55% revenue CAGR between 2003 and 2005, the industry’s fastest growth. The report points to significant opportunities lying ahead for some payment services providers— such as check authorization providers—and downplays the prospects of others, such as micro-payment ventures. Celent predicts that the e-check’s share of e-commerce value will climb to 9% in 2005, up from 6% in 2003 and 3% in 2000.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce