Video: Georgia's FinTech Community Touts Growth, Influence

The thriving center of Georgia's FinTech activity, Atlanta's "Transaction Alley," as it's known in the payments industry, is no longer a well-kept secret.  

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Georgia's FinTech Community Touts Growth, Influence

Jun 27, 2017

Video: Georgia's FinTech Community Touts Growth, Influence

The thriving center of Georgia's FinTech activity, Atlanta's "Transaction Alley," as it's known in the payments industry, is no longer a well-kept secret.  The Technology Association of Georgia’s 2016 FinTech Symposium placed the peach state front and center recently with the release of primary research and an event packed with industry insiders, presentations and panels on topics including Acquiring, Innovation, Commercial Payments, Regulation, Mobile Payments and more.

Impressive Numbers

Those of us in the payments industry should take notice of the important role played by Georgia in the payments space since the state's global FinTech networks process nearly two-thirds of all payment card transactions, according to the recently released TAG FinTech Society's State of Georgia's FinTech Ecosystem 2016 report.

Other statistics cited include:

  • 118 billion worldwide payment transactions pass through Georgia-based FinTech company computer systems
  • 3.9 million merchants serviced by Georgia FinTech companies
  • 36 billion payment transactions by Georgia-based companies
  • $2 trillion worth of transactions represented by the 118 billion transactions through the Georgia FinTech marketplace

Consumer-Focused

Georgia payments professionals know that the same issues relevant to Wall Street and Main Street are key drivers for them as well. Balancing innovation with security, regulation, early-stage company development, disruption and disintermediation are common themes. But perhaps the most important topic on everyone’s mind is still how to engage with the end-consumer and deliver a frictionless customer experience.

So whether you have plans to visit Atlanta in the future you're probably still connected with the Georgia FinTech community. Because odds are, almost all of us will – at least figuratively – venture down "Transaction Alley" sometime soon.

Interested in learning more?