ZURICH | SIX Payment Services - one of Europe's leading merchant acquirers - saw its online transaction volumes rise in 2014 alongside increases in traditional card payments via Point of Sale.
10% increase in transaction volume
The range and volume of payment transactions made online, in high street stores and through a variety of other locations offering goods and services continued to expand. SIX Payment Services saw global transaction volumes increase 10%, rising from 1.195 billion in 2013 to 1,315 billion in 2014 (on- and offline). The total transaction volume amounted to EUR 57,5 billion. Almost half the transactions (48%) came from the international business of SIX. The number of cards processed increased by 2% to 25,7 million in 2014.
Mobile wallets will gain ground
The growing popularity of card-based payment transactions affects individual sectors differently; the main growth drivers are certainly e-commerce and alternative payment methods. "We anticipate that the concept of mobile wallets will continue to gain ground in 2015. Wallets will become unnecessary as everything that they traditionally contain – from payment cards to loyalty cards, to coupons, vouchers and even tickets – can be accessed quickly, easily and securely via smartphones," explains Nick Santschi, CEO of SIX Payment Services.
About SIX Payment Services
SIX Payment Services offers financial institutions and merchants secure, innovative services along the entire payments' value chain. SIX' tailor-made solutions include settlement of domestic and international credit, debit and prepaid card payments. SIX is one of Europe’s largest card transaction processors and market leader in Switzerland, Austria and Luxembourg. With around 1,200 employees and 14 locations worldwide, SIX Payment Services supports clients in 33 different countries.
Sourced from Press Release by SIX Payments, January 29th, 2015