USAePay Notes POS Terminal Addition and other Digital Transactions News briefs from 4/2/18

While mobile-payments growth has fallen short of expectations in the United States, worldwide mobile volume will grow at an average annual rate of 33.8% through 2023, reaching $4.57 trillion by that year, according to projections by Allied Market Research. Market drivers include consumer preference for digital and cashless payments, the firm says.
USAePay announced the Castles Technology Co. Ltd. MP200L mobile point-of-sale terminal is now available for use with the USAePay gateway.
Payments provider Net Element Inc. reported an 11% increase in revenue in 2017, to $60.1 million from $54.3 million in 2016. Volume processed rose 14%, to $2.8 billion, of which the North American market accounted for $2.3 billion, up 18%.
Visa Inc. announced that Gary A. Hoffman has resigned from its board of directors. Hoffman had been a member of the board of Visa Europe for 17 years and, following Visa Europe’s merger with Visa Inc., a member of the Visa Inc. board since June 2016.

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