Thursday, February 09, 2017 9:20:24 AM
Though it's small, it's not insignificant when you consider:
1) There is a 4 year difference in the estimate.
2) USAT doesn't take part in the largest volume segment which will be bricks and mortar retail store transactions.
3) So when considering USAT's narrower focus, their share looks bigger.
US mobile payment transactions to reach $282bn by 2021
https://www.nfcworld.com/2017/02/09/350026/us-mobile-payment-transactions-hit-282bn-2021/
Filed by Rian Boden
9 February 2017, 11:23
The total volume of mobile payment transactions in the US will reach US$282.9bn by 2021, Forrester estimates. “Mobile in-person payment will grow the fastest, increasing to 6.8 times its size between 2015 and 2021,” the research firm says. Mobile remote payments, including in-app, will grow 2.7 times its current size by 2021, while mobile P2P payments “will continue to have the smallest market share despite quadrupling during the next five years”.
Steve Herbert, except from the earnings call transcript
Revenue was $21.7 million of which $16.6 million was in the recurring revenue line of license and transaction fees and $5.1 million was in hardware. In the second quarter alone, we processed 100 million transactions that amounts to $192 million on our ePort Connect Service. The tremendous growth in transaction dollar value has led us to believe we will be approaching an annual run rate of $1 billion in transaction by the end of fiscal 2017.
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