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World Pay is a leading provider for merchant processing for businesses around the World.
By 2020, e-commerce sales will reach 2 billion, 45% of which will derive from mobile.
Given these projections, it's understandable that more gateways will want to get a piece of the pie.
BI Intelligence, Business Insider's premium research service, expects the U. online processing market (from which gateways pull a chunk of their revenue), will be worth approximately .7 billion in 2016 and will grow to .5 billion in 2020, thanks in large part to a surge in online shopping.
BI Intelligence forecasts that US consumers will spend 5 billion through online and mobile channels in 2016.