Mississauga, ON -- (SBWIRE) -- 07/20/2015 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Payment Data Systems Reports Record Transaction Growth for Q2, 2015."
Companies mentioned in this article include Payment Data Systems (OTCQB:PYDS).
Article Excerpt:
According to a report by global consulting firm McKinsey & Company, robust growth has once again returned to the global payments industry. The industry had faced significant challenges after the financial crisis of 2009, which led to a slowdown in consumer spending.
McKinsey noted in its report that payments revenue will grow by 8% each year, through 2018. In 2018, annual payments revenue is forecast to reach $2.3 trillion. According to McKinsey, payments revenue will account for 43% of all banking-services revenue in 2018, compared with 34% in 2009.
The full version of this article can be found at:
http://www.allpennystocks.com/aps_us/special-reports/554/payment-data-systems-reports-record-transaction-growth-for-q2-2015.htm
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