Celent Communications predicts ACH and closed-end networks-based payments will capture 7% market share of US e-commerce by 2005. Alternative payment solutions will thrive thanks to “niche markets,” which will account for 25% of e-commerce by 2005.
In a new report, Innovation in Internet Payments: The Plot Against Credit Cards, Celent examines the competition between cards and emerging payment solutions in non-recurring Internet payments. Celent predicts non-card solutions will capture 7% market share by in 2005, up from 3% in 2001.