Forrester Research, expects the U.S. mobile payments market to nearly triple by 2019, ballooning from $50 billion to $142 billion.
Nutley, NJ -- (ReleaseWire) -- 07/13/2015 --TopStockTips Featured Undervalued Stock: SinglePoint Inc. (OTC:SING) Is Ready To Skyrocket In a 50 Billion Dollar Mobile Payment Revolution.
SinglePoint Inc. (OTC:SING), is a full-service mobile technology and marketing provider. They provide solutions that allow their clients to conduct business transactions, accept donations, and engage in targeted communication through mobile devices. Their products connect small to mid-size companies, nonprofits, and religious organizations to their target markets by providing innovative mobile technology at reasonable rates.
If you're looking for stocks to buy, the mobile payment space isn't a bad place to start. In fact, it's sort of hard to ignore. Mobile commerce is one of the fastest-growing and most visible ways consumers are changing the way they interact with technology, and everyone who's anyone wants to get in on the action.
One highly respected market research outfit, Forrester Research, expects the U.S. mobile payments market to nearly triple by 2019, ballooning from $50 billion to $142 billion. It's tough to find a more attractive combination of growth and girth in any other industry. The opportunity is huge, and SinglePoint Inc. (OTC:SING) is seizing it.
Mobile Payment volumes, that's the total value of goods and services and utility bill payments made through mobile devices annually – reached USD 81.3 billion worldwide in 2011. The figure enjoyed an increase of 148 percent over the course of 2012 to reach USD 202 billion. Worldwide, the market is set to grow to reach USD 410 billion this year, in 2013, and then volumes are expected to grow at an impressive CAGR of 59 percent until 2017, breaching the USD 1 trillion mark by end of 2015, and the USD 2 trillion mark by the end of full year 2017. Mobile payments is clearly a fast growing space, and in the next two years there will be 1 billion consumers worldwide engaging in making mobile payments.
SinglePoint Inc (OTC:SING) is continually molding the mobile industry by designing new technologies such as Pay by Text™, Connect by Text, Text2Bid™, and TextaDay™ as well as supplying proven traditional payment products including cashless ATM's and credit card terminals.
SinglePoint's brand SingleSeed Payments, is the leading payment solution provider to the cannabis industry. SingleSeed has brought the first all in one mobile vendor solution to the cannabis industry. Formerly all-cash businesses, merchants are now able to interact with their customers from initial contact through sale completion via the simplicity of the customer's mobile device. Providing mobile marketing gives our merchants a unique way to first engage with customers, make the sale, gather market data, and connect again post-sale to create a recurring relationship with their customer.
Marijuana is now legal for medical use in 23 states and Washington, D.C., with five other jurisdictions permitting recreational use. In 2016, voters in about six more states will consider legalization.
The legal cannabis industry expanded 74% in 2014 to reach $2.7 billion in combined retail and wholesale sales (up from $1.5 billion the year prior) and firmly established itself as the fastest-growing industry in America, according to the ArcView Group, a marijuana research and investment firm in San Francisco. ArcView projects that full legalization of marijuana nationwide would result in $36.8 billion in retail sales, larger than the $33.1-billion organic foods market in the United States.
Greg Lambrecht, Ceo and founder of SinglePoint Inc., Greg leads the company in its mission. He oversees all company operations including investor relations, leadership of the Board of Directors, and daily business activities. Greg has a successful track record of founding and leading start-up companies. As the founder of PCI, a leading consumer product distribution company, Greg negotiated agreements with the nation's largest retail outlets such as 7-11 (Southland Corp), Albertson's, and Costco representing 25,000 retail accounts. Greg lead PCI through a NASDAQ listed IPO, raising $10,000,000. In 2006 Greg started LifeStyle Wireless which he lead to the OTC Pink Stock Market changing the name to SinglePoint: ticker symbol SING.
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