Auctionbytes-NewsFlash, Number 13 - February 04, 2001 - ISSN 1539-5065      Previous Story |

By Ina Steiner
AuctionBytes.com
February 04, 2001
Reading AuctionBytes: P2P Online Payments to Experience 149% Growth Rate - Mostly for Online

Although consumer use of services like PayPal will continue to grow rapidly over the next five years, profits will remain elusive for providers, according to the Tower Group. It projects a compound annual growth rate of 149% for Internet P2P payments through 2005, when more than 95% of Internet P2P payments will be online auction transactions. However, consumer-to-business (C2B) payments over the Internet will top 31 billion items in 2005, nearly 8 times the anticipated Internet P2P payment volume for that year. The Tower Group research can be found in the published report, "Internet Opportunity? The Potential of the Evolving Person-to-Person Payment Market." http://www.towergroup.com