---
title: "Electronic Payments : Trillion Dollar Growth"
description: Giving up a percentage of top line revenue in order to accept a non-cash payment can hinder growth and is revenue better invested elsewhere. For more solutions, contact Auric for Rate Lock Zero options that are built around flat-dollar pricing.
image: https://blog.thinkauric.com/hubfs/electronic%20payments.png
---

[![AURIC_square logo-01](https://blog.thinkauric.com/hs-fs/hubfs/AURIC_square%20logo-01.jpg?width=89&height=89&name=AURIC_square%20logo-01.jpg)](https://www.thinkauric.com/)

 

 August 25, 2018 [AURIC Idea Team](https://blog.thinkauric.com/blog/author/auric-idea-team)

# Electronic Payments : Trillion Dollar Growth

The world’s largest payments networks continue to benefit from a global shift away from cash to electronic payments. Visa has climbed 20 percent this year as Mastercard rose 31 percent, outpacing the 12 percent gain by the S&P 500 Information Technology Index.

Mobile app, P2P, mobile bill payment are speeding forward. Research estimates that in 2018, some 67% of mobile wallet purchases will be made remotely versus in person.

**Global Payments:** Asia, North America, and Europe will be the three main growth regions in the next five years, and will make up 70% of all noncash transaction growth by 2023.

**US Payments**: In the US, P2P and retail payments combined will still be less than a quarter of the size of the B2B payments market by 2023 ($6.3 trillion vs. $27.3 trillion).

**US E-Commerce:** Total e-commerce spending in the U.S. will surpass $1 trillion by 2023, and the average consumer will spend $2,959 online.

**US Emerging Payments:** By 2023, 67% of US adults will have used BOPIS (Buy Online Pickup In Store) at least once in the last 12 months.

As growth continues to surge business owners should re-evaluate the model by which they pay. Giving up a percentage of top line revenue in order to accept a non-cash payment can hinder growth and is revenue better invested elsewhere. For more solutions, contact Auric for Rate Lock Zero options that are built around flat-dollar pricing.

 

*(Source: Business Insider Jul. 20, 2018)*

Facebook Twitter Pinterest

Navigation   
[Home](https://www.thinkauric.com/auric)   
[Rate Lock Zero](https://www.thinkauric.com/cashdiscount)   
[About](https://www.thinkauric.com/aboutus)   
[Careers](https://auric.breezy.hr/)   
[Think Table](https://www.thinkauric.com/thinktable)   
[Au_ Mail](https://accounts.google.com/signin/v2/identifier?continue=https%3A%2F%2Fmail.google.com%2Fmail%2F&service=mail&sacu=1&rip=1&flowName=GlifWebSignIn&flowEntry=ServiceLogin)   
[CRM](https://app.hubspot.com/login)   
 

**AURIC_ New York**   
101 Avenue of the Americas | Floor 9   
New York | New York | 10013

**AURIC_ Denver **   
1700 Lincoln Street | Floor 17   
Denver | Colorado | 80204

e: [info@thinkauric.com](mailto:info@thinkauric.com)    
o: 855-679-7300 

[![AURIC+Footer-logo](https://blog.thinkauric.com/hs-fs/hubfs/AURIC_December2019%20Theme/Images/AURIC+Footer-logo.png?width=500&name=AURIC+Footer-logo.png)](https://www.electran.org/certification/)

[recap_c](https://form.jotform.com/80453656766164)

[Privacy Policy](http://www.thinkauric.com/privacy-policy)

©2026 AURIC | All Rights Reserved