Does the Payment Processing Industry Still Have Room to Grow?
The payment processing industry has grown dramatically over the past decade or so, as more people have adopted cashless methods of payment. Companies like Fidelity National Information Services (NYSE: FIS) are moving trillions of dollars around the world each year.
This begs the question: Does the payment processing space still have room to grow, or is the cashless payment trend starting to reach its limits? In this Jan. 14 Fool Live video clip, Fool.com contributor Matt Frankel, CFP, sits down with Jim Johnson, head of merchant services for FIS, to get his thoughts on where future payment volume growth could come from.
Source Fool.com
