Credit Card Processing & Money Transferring in New York
Over the five years to 2017, the Credit Card Processing and Money Transferring industry in New York is anticipated to have experienced strong revenue growth as e-commerce expands and consumer spending in New York rises. Electronic payments have increasingly become the preferred method of payment over cash and checks, driving up transaction volume and value for industry operators. Over the five years to 2022, consumer spending is expected to continue rising, thus increasing transaction volumes. As electronic payments are set to become more popular, industry revenue will rise. New technologies will present new opportunities for growth, such as QR coded mobile wallets. Industry operators that adapt to these technologies will benefit from these technologies by improving their convenience and efficiency.
This industry provides financial transaction processing, reserve and liquidity services and check or other financial instrument clearinghouse services in the state of New York. The industry excludes electronic transactions associated with the US Federal Reserve (central bank).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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