Saturday, January 21, 2006

Record growth or natural growth...?

Interpay reports over 2005 a record growth in processed and authorized transactions. As good as this is, certainly if processing occurs with a minor number of glitches, these 'records' are not that stunning of course. Where economies and populations increase with a small percentage each year, the amount of payments is bound to grow as well. So as long as one processor captures the majority of such transactions, it is bound to set records. And achieve 'record growth'.

By the way, the numbers:
-3,3 billion giro transactions,
-1,75 billion POS and ATM (guest use) transactions
-peak at POS: 8 million transactions (day before Christmas).