Alternative Payment Service Providers

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Excerpt from the World Payments Report 2010 Global e-payments and m-payments collectively accounted for an estimated 20.3 billion transactions valued at some €832 billion in 2009. Of those payments, almost 8.6% of the volume was conducted via alternative (non-bank) providers and channels, rather than traditional banking providers. This excerpt from the World Payments Report 2010 […]

Excerpt from the World Payments Report 2010

Global e-payments and m-payments collectively accounted for an estimated 20.3 billion transactions valued at some €832 billion in 2009. Of those payments, almost 8.6% of the volume was conducted via alternative (non-bank) providers and channels, rather than traditional banking providers.

This excerpt from the World Payments Report 2010 looks at how alternative payment service providers have made significant strides in e-payments and m-payments. While alternative providers still account for a small percentage of total worldwide non-cash transaction volumes (0.6%) and revenues, their rate of growth is significant.

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