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Credit Card Processing & Money Transferring in Massachusetts

Author.Name IBISWorld United States Last Updated: August 2025 NAICS MA52232

Credit Card Processing & Money Transferring in Massachusetts industry analysis

The Credit Card Processing & Money Transferring industry in Massachusetts is expected to decline an annualized -x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments increased an annualized x.x% to xxx locations. Industry employment has decreased an annualized -x% to xxx workers, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, the industry is expected to decline an annualized -x.x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x.x% to xxx locations. Industry employment is expected to increase an annualized x.x% to xxx workers, while industry wages are forecast to increase % to $x.x million.

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About the Credit Card Processing & Money Transferring in Massachusetts Market Research Report

What’s Included in the Credit Card Processing & Money Transferring in Massachusetts Market Research Report

Definition of the Credit Card Processing & Money Transferring in Massachusetts?

This industry provides a broad range of financial services that enable businesses and individuals to conduct electronic transactions. Companies use the technology and systems that authorize, process and settle payments made using credit cards, debit cards and other forms of electronic payment. It also covers the secure transfer of money between accounts, whether domestically or internationally, through various methods such as automated clearing house (ACH) transactions.

What’s included in the Credit Card Processing & Money Transferring in Massachusetts?

The Credit Card Processing & Money Transferring in Massachusetts includes credit card services, debit card services, automated clearinghouse products, mobile payment app services and fraud detection and prevention tools. Related terms covered in the Credit Card Processing & Money Transferring in Massachusetts industry report includes a nationwide mechanism that processes large volumes of electronically originated batches of credit and debit transactions, the buying and selling of products or services over mobile devices, particularly mobile phones, smartphones and tablets, a form of payment that directs the bank to pay money from the check writer's bank account to the person in whose name the check is written, conversion of a paper check to an electronic check, which serves as the official record, a system used at checkout in retail stores using computers and cash registers to capture transaction data at the time and place of sale and the buying and selling of products or services over electronic systems, such as the internet and other computer networks. businesses engaged in e-commerce are often called e-tailers.

Industry Performance of the Credit Card Processing & Money Transferring industry in Massachusetts

Benchmark the Credit Card Processing & Money Transferring in Massachusetts industry performance with all MA county and national performance.

Credit Card Processing & Money Transferring in Massachusetts

#32 in Highest Revenue 0.3% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Credit Card Processing & Money Transferring in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Credit Card Processing & Money Transferring industry in Massachusetts

See how key industry drivers, such as are impacting Credit Card Processing & Money Transferring in Massachusetts

Massachusetts Economic Indicators

Population
New Business Formation

View more economic information in MA State Economic profile

US Key External Drivers

Consumer spending
E-commerce sales
Number of businesses

For the full list of industry drivers, see report purchase options.

County Data of the Credit Card Processing & Money Transferring industry in Massachusetts

Access proprietary data on county in the Credit Card Processing & Money Transferring in Massachusetts, such as Middlesex County, Suffolk County and Norfolk County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Credit Card Processing & Money Transferring industry in Massachusetts

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Credit Card Processing & Money Transferring industry in Massachusetts in 2025?

The market size of the Credit Card Processing & Money Transferring industry in Massachusetts is $472.8m in 2025.

How many businesses are there in the Credit Card Processing & Money Transferring industry in Massachusetts in 2025?

There are 238 businesses in the Credit Card Processing & Money Transferring industry in Massachusetts, which has been growing at an average annual rate of 8.3% from 2020 to 2025.

Has the Credit Card Processing & Money Transferring industry in Massachusetts grown or declined over the past 5 years?

The market size of the Credit Card Processing & Money Transferring industry in Massachusetts has been declining at an average annual rate of -8.4% from 2020 to 2025.

How many employees in the Credit Card Processing & Money Transferring industry in Massachusetts in 2025?

There are 747 employees in the Credit Card Processing & Money Transferring industry in Massachusetts, which has been declining at an average annual rate of -5.0% from 2020 to 2025.