2019 Outlook: Merchant Services 8 Mill and Main Place, Suite 150 | Maynard, MA 01754 November 2018 www.mercatoradvisorygroup.com |phone 1-781-419-1700 |email:
[email protected] 2019 OUTLOOK: MERCHANT SERVICES Mobile apps and new sales channels throw a lifeline to beleaguered merchants. Store closings, especially legacy chains, continue to dominate headlines for the U.S. merchant industry. Empty storefronts dot Main Street USA, while metro and suburban malls have gaping holes left by vanishing anchor stores. But Armageddon has not yet arrived, as most macro indicators offer positive signs including a resurgent economy and a mostly confident consumer. Brick-and-mortar stores are not dead, and some retail verticals are even expanding. Many successful merchants are enjoying a lift from the rising e-commerce trade. For 2019, a key merchant sales driver will be mobile commerce and its increasingly pivotal role in consumers’ researching, shopping, and buying goods and services. This 2019 Outlook on merchant services provides insight on how this will happen. by Raymond Pucci, Director, Merchant Services 8 Mill and Main Place, Suite 150 Maynard, MA 01754
[email protected] © 2018 Mercator Advisory Group, Inc. 1 2019 Outlook: Merchant Services Looking Back at Mercator’s 2017 Predictions for 2018 Merchant Services Looking back at the predictions we offered in last year’s Outlook on merchant services (Mercator Advisory Group’s 2018 Outlook: Merchant Services, released in December 2017), we are pleased to report that reality matched or exceeded the predictions in all cases. Our predictions are in quotation marks at left in the table below: What We Predicted for 2018 What Actually Happened U.S.