Earlier this month, Apple delivered the new iPhone 6 and 6 Plus and finally introduced the iWatch – which was exciting for Appleheads like myself. The company also introduced Apple Pay, enabling its customers to pay merchants via iPhone. Just how does this development benefit the GA 400 Corridor?
Atlanta is regarded as a global hub for the financial payments market. Nearly 70 percent of all U.S. payments processed annually run through companies based in Georgia. Many of these FinTech or Financial Technology companies that supply point-of-sale hardware and software, like Global Payments, First Data, and Ingenico, will benefit greatly from Apple Pay. And, since the firms noted are located in the GA 400 Corridor, they are sure to experience office expansion. This boost in services will also mean an increase in these firms’ warehousing and manufacturing capacity to meet the impending demand. Best of all, we can anticipate job growth and increased revenues.
Bottom line, Apple will sweeten the “bottom line” for the Atlanta credit payments industry in a major way and the Corridor should see expansions on the horizon.