144 billion… That number is impressive in almost any context (like the approximately 144 different types of coffee generated by four coffeemakers in our Boston office of just 65 people), but our research turned up something interesting as it relates to payments: In 2015, the number of U.S. noncash (debit card, credit card, ACH, and check payments) payments is estimated to have totaled more than 144 billion, with a transaction value of almost $178 trillion.

Moreover, in 2018 transactions conducted via eWallets alone were estimated to a total of 41.8 billion globally. eWallets are becoming more prevalent everyday. In our community of Boston we’re beginning to see more and more storefronts accepting the eWallet as a payment method. We’re guessing you’ve noticed the same thing in your community. Online they’re even more common. For us (and others like us in the payment processing industry), analyzing payment method statistics and predicting future payment trends helps us stay ahead of the curve so we can continually give you the business tools you need. The same statistics can give you a leg up in adapting to customer expectations.

What do you think the future holds for electronic payments?