March 1st, 2004
Celent Communications anticipates the online payment industry in the US will grow significantly over the next few years, rising to $12.5 billion in revenues by 2005.
Celent finds online payment revenues totaled $8 billion by the end of last year. Celent surveyed over 100 online payment industry executives for its “Online Payments in the US: Navigating the Marketplace,” report. The report notes the share e-checks have on e-commerce will grow from just 3% in 2000 to 9% in 2005.
Indeed consumers are interested in more online payment options, as PaymentOne determined in April 2003, 24% of US consumers would like simpler and easier ways to pay online and 11% are looking for more payment methods, indicating significant opportunity for the online payments market.
Source: eMarketer
Bookmark this Tech Blog by
clicking here.
| Home |
Write to us |
