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8/14/2008
Boston Consulting Groups lists Planet Payment as Driver of Change in the Global Payments Industry
- Boston Consulting Group Global Payments Report
Boston Consulting Groups lists Planet Payment as Driver of Change in the Global Payments Industry
- Boston Consulting Group Global Payments Report
“The race to exploit the transaction and payment opportunities created by the Internet is accelerating more rapidly than ever before. According to a new report by The Boston Consulting Group (BCG), volumes of payments will continue to grow but the mix of instruments will change, and prices will continue to be under pressure. Banks, in the $300bn revenue payments market, risk losing out to two groups of new competitors in particular, namely online providers on the one hand, and access device manufacturers and network providers on the other.”
“[E]stablished merchant acquirers in many countries have created a wonderful ‘Catch-22.’ Online merchants cannot accept cards without a (12 month plus) trading history; but . . . e-tailers cannot develop a trading history without card acceptance. A solution - a non-bank solution – is available from payment service providers such as . . . Planet Payment . . .”
- Boston Consulting Group Global Payments Report 2000/1, A Senior Management Perspective, November 2000
For more information or to request a full copy of the report, contact Nick Viner, Vice President, Boston Consulting Group at viner.nick@bcg.com
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