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CUs Use AI, Cloud-Based Tools To Drive Member Engagement

PYMNTS

The global contactless payment market is projected to reach $18 billion by 2025, in fact, up from $10 billion last year — a nearly 12 percent compound annual growth rate (CAGR). Contactless payment innovation is underway at the nation’s CUs as the public shuns cash and even physical cards to lower the risks of infection.

Tools 276
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Why Innovation Is Nothing Without Distribution

PYMNTS

More important, perhaps, than the innovations they made on behalf of their more famous lead players, was how their contributions accelerated those innovations’ time to market. Innovation in payments and commerce has an unsung hero, too. And who will influence how innovation happens. Distribution. But, I digress.

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Mastercard Invests In Asia’s Pine Labs For Electronic Payment Options

PYMNTS

“Together, we have a unique opportunity to use Mastercard’s global presence and technology infrastructure to enhance our growth and enable us to meet the growing needs of customers in India and beyond.”. billion by 2025. The middle class in South Asia is growing, and increasingly seeks more “buy now pay later” (BNPL) options.

Payments 152
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Visa Inks Partnerships With More Football Associations

PYMNTS

In a press release, Visa said it will implement its payment technology at the tournament venues and provide exclusive experiences for cardholders. These tournaments allow us distinctive opportunities to showcase Visa’s payment innovation, strengthen partnerships and highlight our evolved offerings to clients and fans.”.

National 115
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Subaru CEO Says Electric Vehicle Demand Is Lagging

PYMNTS

market has been tough to crack in the area of green vehicular innovations. was ready for tighter standards on electric vehicles, given the low interest in the brand thus far. Nakamura said that Subaru was working with parent company Toyota on new hybrid technologies, which would be released later this decade.

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Jaguar Land Rover Moves Forward With Subscription Program

PYMNTS

and European automobile “sales” by 2025. “The early trials have proven this as an effective way of encouraging new customers to try the brands, with 80 percent of new members not having previously owned a Jaguar or Land Rover vehicle,” the release stated.

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24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

From healthcare to education to entertainment to manufacturing, technology innovators are stepping forward to help answer that question. In some cases, the technological changes inspired by Covid-19 will come in the form of an acceleration of existing trends — for example, industrial automation and contactless payments.

Industry 101