Payments Industry Report Forecasts Trillion-Dollar Revenue Growth for Digital Payments
Intelagy, is a wholly owned subsidiary of Accelerated Technologies Holdings Corporation (OTCMarkets symbol: ATHC), focused on providing affordable tools and technologies for small to mid-sized businesses.
Global digital payments revenue will increase to over $1 trillion in the next decade, a new report on the payments industry from the Boston Consulting Group (BCG) and Swift has found. Intelagy’s proprietary suite of business tools focuses on delivering digital payments solutions to small and mid-sized businesses, while maximizing efficiencies and enabling them to compete with larger conglomerates across the nation.
The complete suite of tools enables merchants to accept numerous forms of payment such as cash, Visa, MasterCard, Amex, Dinners Club, Discover, JCB, Wright Express, including crypto currency, and currently in beta testing hybrid crypto currencies. Point of Sale Systems, automated invoice reconciliation and includes enhanced marketing modules and management tools. Also providing access to local influencers, and is equipped with existing customer management solutions that include text message marketing and other forms of electronic communication.
According to the report, payments revenue will hit $2.42 trillion by 2027, up from $1.27 trillion in 2017. The trillion-dollar increase follows a seven-year period of accelerated growth for payments technology companies, the report said. Payments revenue grew at a 6.8 percent compound annual growth rate (CAGR) from 2010 to 2017. BCG predicts revenue will grow at 6.6 percent CAGR through 2027, outpacing global nominal GDP growth over the same amount of time.
“We strive to eliminate inefficiencies and maximize operational proficiencies during peak hours while we leverage operational assets, processes and customer engagement to increase revenues by generating traffic during off-peak hours”. Said Kevin Kading, ATHC president
For more information visit www.athcorp.com
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Website: www.athcorp.com
Kevin Kading 212.385.9200 kkading@athcorp.com
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Source: Accelerated Technologies Holding Corp.