Factors That Affect The Payment Processing Services Globally

This industry has grown at an average rate of 5% over the past 20 years. Of course several uncontrollable economic and environmental factors, such as the events of September 11th and the current war on Iraq, have caused this

In early stages, there is a lot of struggle for profitability. Therefore, drops the profitability of the

There are also challenges that this industry is facing such as restrictions on online payment services by the government and agencies, security of information and data, and adaptation is also a problem. There is a race to control online payments and data processing that includes large known corporations such as Google, Apple, Samsung, Visa, PayPal, Square, Intuit and others more. And these corporations are very far ahead in the industry in terms of technology and consumer market. Apple last year had introduced the app called ApplePay, which enables you to store credit card and debit cards information and even gift cards and pay directly from your phone by

The threat of new entrants; I think it would be high, once a company or person(s) sees the success of these online business’s they will ponder entering the industry. I don’t think though it will be an industry that will be saturated anytime soon.

Ease of Entry/Exit: Very hard to enter into this market, takes a lot of startup cash

Most factors affect ones not only the businesses but our society as well, the way it can be affected is on high-speed Internet, computers, cell phones, and video games. Most of our society is used to these technologies in which I believe that the more technology advances the more our society wants to learn about it and want to be involved with it. However, the technology has advanced in every aspect and will continue to advance in which it has been a great help in every way to the government, economy, legal, social, and our society. Some of these factors can contribute to success more than others on how an organization manages the size, complexity, structure, multiple providers, and about measuring the outcomes of identifying the ongoing improvements to the technology and understanding technology is the key to success.

How to increase market share and maintain rapid growth at the same time, and where.

Barriers to Entry: The entry barriers in the market are relatively low, making it easy to access. However, as the market is saturated it could be unlikely for new companies to decide to start new enterprises in this field.

This new market is very attractive and therefore many new players have entered the market and they have been successful in making the market more competitive as well as easy to enter for all.

Competition will increase due to the low barriers to entry in the market: offline companies are coming online

Industry’s potential for profitability is high, markets are large and expanding, their sales are already high etc.

More and more people before deciding to purchase goods used to check offers via smartphones or tablets. The world 's total number of sales of such devices exceeded the number of desktops.[1] Technological development and high availability of new solutions contributed to the increase in customer expectations to its relations with the bank. The ability to use the money anywhere, anytime in an easy and convenient way for customers has become natural. Mobile payments is big innovation which has some a lot of good coins but it has some threats and limitations about which I will consider and analyze in my literature review.

With the industry adopting a more expensive and technologically advanced production system, it has created barriers to entry to smaller firms that cannot afford these advancements. This had left opportunities for larger companies to maintain their market share by being able to keep up with production demands.

With an expected annual growth of about 7.4% in the next 5 years in the industry as a whole it is a perfect business to

New Entrants: The possibility of New Entrants is supposed to be Low. The reason for this is that the entry barrier is very high in this segment, as it requires a huge amount