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The dot-com bubble and its well-deserved puncture has, as we all know, cast a pall in some quarters, on the value and impact of electronic commerce and business. Many who, admittedly or unwittingly, have a stake in preserving the status quo (such as it is or was) are the most vocal in telling us all that this has all been a vivid daydream. It has passed and business as usual -- the fundamentals -- where there is real value is the place to be. Flat-earthers emboldened by singular early failure to find the route to the Indies.
So, it both comes as no surprise but a happy revelation when Visa (not without a stake of its own) commissions a study that points to the value to the economy being driven by electronic payments. The small G&M item is here: E-payments big driver of growth, Visa study says. Interesting quote from the economist involved in the study:
"This study makes it clear that beyond convenience, electronic payments drive the economy by enhancing transactional efficiencies and expanding payment channels," said University of Toronto economist Jack Carr, an adviser to the study.Posted by Grayson at June 17, 2004 07:46 AM