PYMNTS

JULY 22, 2020

Goldman Sachs has predicted that online shopping will expand by 19 percent each year during the next three years to come, which marks a rise from its past forecast of 16 percent. Goldman Sachs also noted that eCommerce penetration rose to more than 40 percent in May from 16 percent of retail spending domestically in the first quarter of 2019.

United States 260

United States Retail Maine Online 260

PYMNTS

MARCH 17, 2020

retail economy is unprecedented. What are some of the retailing changes that could last beyond the end of the coronavirus crisis? Contactless payments, however, will fit nicely into what will be a need to have low-touch or no-touch retailing experiences. They want contactless payment technology. So what sticks?

Retail 134

Retail Seattle Comparison Trends 134

PYMNTS

JUNE 14, 2019

In an effort to let shoppers make purchases on Amazon via Ethereum, CLIC Technology, Inc. The technology is powered by off-chain processing of assets that are on-chain, according to a press release from CLIC. trillion by 2025. trillion by 2025. and B2B platform Opporty are set to roll out a progressive browser extension.

Technology 108

Technology Payments cryptocurrency Bitcoin 108

PYMNTS

JUNE 12, 2019

Phone numbers, email addresses, usernames and other online signifiers have become essential to verification as the world becomes more connected. And, in retail, firms from automakers to merchants are tapping into connected commerce technology. 59 billion: Estimated value of the global biometrics market by 2025.

Security 148

Security Millennials Data Retail 148

PYMNTS

DECEMBER 7, 2020

Societe Generale (SocGen) and Credit du Nord , both based in Paris, have approved a plan to merge their retail banking operations, the banks said in a Monday (Dec. In addition, SocGen said, the plan is to beef up Boursorama, a retail digital banking operation catering to individuals. million in 2025.”. million in 2025.”.

Digital Banking 159

Digital Banking Retail Operations Groups 159

PYMNTS

JULY 5, 2020

The Indonesian eCommerce retailer backed by SoftBank Group Corp. ’s the Chinese multinational technology company specializing in eCommerce, retail, Internet, and technology, led a $1.1 the multinational internet technology company headquartered in Beijing. Google and Temasek Holdings Private Ltd. , Microsoft Corp.

Google 264

Google Regional Retail Groups 264

PYMNTS

JANUARY 9, 2019

Retailers raked in more than $850 billion during the 2018 holiday season, marking the fastest holiday retail sales growth seen in the past six years. Luxury retailers have been slower to move online than some other retailers, but the impact of online sales in this industry can already be seen.

Fraud 109

Fraud Retail Security Online 109

PYMNTS

MARCH 12, 2018

Artificial intelligence (AI) is making itself right at home in the retail industry. In 2016, AI in the retail market totaled $712.6 By 2025 — less than a decade later — it’s projected to reach $27,238.6 million — a 38-fold increase — according to a February 2018 report by The Insight Partners. Why such an astronomical increase?

Customer Experience 144

Customer Experience Retail Analytics Technology 144

PYMNTS

DECEMBER 26, 2019

Lotte, a South Korean conglomerate, is shutting down its Vietnamese online marketplace, lotte.vn, which allows merchants to connect with buyers, according to Deal Street Asia. The move is indicative of the trend toward “new retail,” which is the blending of eCommerce and traditional retail.

Retail 130

Retail Groups Maine Google 130

PYMNTS

APRIL 14, 2020

COVID-19 could mark the true rise of the robots in retail. As an example, Ocado, Britain’s leading online grocer, has had to stress-test an experimental program to automate its warehouses. Autonomous service and delivery robots are poised to better serve – and possibly save – retailers,” noted a report in Robotics Business Review.

San Francisco 278

San Francisco Retail Examples Mobile 278

PYMNTS

AUGUST 14, 2020

As the coronavirus has led to greater popularity of eCommerce deliveries, Jumia Technologies AG is encountering new rivalry from upstarts in the online shopping and transportation space in Africa. However, COVID-19 assisted in powering an increase in market value this year, with a recent 30 percent drop in shares following Q2 earnings.

Regional 253

Regional Online Innovation Marketing 253

PYMNTS

JULY 11, 2019

Walmart-owned Sam’s Club will now offer same-day grocery pickup for online orders, according to sources. The retailer’s announcement comes nearly a year after Sam’s Club began testing grocery pickup in the summer of 2018. Orders for same-day pickup, however, are limited to 15 items.

US 101

US United States Retail Online 101

PYMNTS

APRIL 19, 2019

Electronic payments company Hypur, which targets the cannabis and hemp industries, has unveiled its online electronic payment solution for transactions within the hemp and CBD community. Consumers can use the Hypur tool to make payments in-store or online, while businesses can also use the solution to make payments to their B2B suppliers.

Payments 173

Payments Industry Online Security 173

PYMNTS

JULY 30, 2020

Pre-pandemic, the company projected that online grocery delivery would hit around $20 billion around 2025. She pointed to other data to support that growth, including last year’s estimate of 13 percent of all shoppers trying online grocery. The key is flexibility between Shipt and the retailer.

Retail 199

Retail US Strategy Company 199

CB Insights

JUNE 17, 2020

From healthcare to education to entertainment to manufacturing, technology innovators are stepping forward to help answer that question. In the wake of the outbreak, everything from doctors appointments to schooling to workouts went online. Telehealth technology. Remote learning technology. Online courses & content.

Industry 101

Industry Technology Online Video 101

PYMNTS

NOVEMBER 8, 2016

So where to next for the omnichannel retail giant? So while online retail accounts for about 5 percent of Southeast Asian commerce today, the region’s internet economy is poised to grow tremendously by 2025, with a projected annual worth of over $200 billion. But Amazon isn’t waiting until 2025, or even 2020.

Regional 148

Regional New York City National Google 148

PYMNTS

FEBRUARY 1, 2018

Online marketplace Farfetch is planning to launch new mobile technology that will allow shoppers to flag items with their phones as they shop in stores. Retail shops still operate in the 80s.”. Farfetch is unique in that it is a platform, not a retailer, so it keeps no inventory. million pounds ($215 million).

Mobile 100

Mobile Retail Branding Study 100

PYMNTS

DECEMBER 3, 2018

Excuse the homespun wisdom, but offering weak authentication defenses in the face of those determined young consumers can bring down heavy fines and unwanted attention, and threaten a growing retail or online business. billion by 2025, experiencing a compound annual growth rate (CAGR) of nearly 24 percent. Store Training.

Online 177

Online Training Security Data 177

PYMNTS

OCTOBER 28, 2020

This state of affairs is forcing not only retailers but also their own business partners to reassess the digital capabilities they quickly adopted in spring, with many beginning to question the implications of these capabilities on their long-term sustainability and growth potential. percent until 2025, when it is poised to reach $42.9

Payments 257

Payments Report Operations United States 257

PYMNTS

JULY 7, 2020

The Southeast Asian country’s national tax office announced it will impose a 10 percent value-added tax (VAT) on foreign global technology companies as the nation looks for ways to defray the costs of battling the economic effects of the COVID-19 pandemic, Reuters reported. The country’s total budget for 2020 is $177.6

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Taxes Google Seattle National 141

PYMNTS

JANUARY 24, 2020

The two companies plan on delivering a slew of card and real-time payment options, both for in-store and online purchases. Pine Labs, which started as a retail payment provider about 10 years ago, has grown into a payment acceptance, stored value and in-store customer credit company. billion by 2025. billion in 2021, and $52.5

Payments 152

Payments Innovation Study Meeting 152

PYMNTS

DECEMBER 6, 2018

Financial technology providers are partnering up to offer expanded mPOS capabilities to merchants, which are looking for tools to avoid long checkout lines. charitable giving market come from online donations , and the canned tuna industry is adapting to the tastes of millennials and younger consumers amid a decline in consumption.

Data 116

Data Millennials Financial Technology Tools 116

PYMNTS

JULY 9, 2019

Those three words strike at the heart of identity, and mean so very much when it comes to the efficient operation of the global digital economy and its continuing growth, whether via retail, payments, financial services, healthcare or other areas. Everything is moving toward digital.”. Biometric Markers.

Security 191

Security Online Fraud Samsung 191

PYMNTS

FEBRUARY 7, 2020

Retailers are starting to tap into the camera,” said Ted Mann, CEO of visual search technology provider Slyce. They expect the retailers to be able to support it.”. Slyce is working with retail partners to embrace events outside the store and developing new kiosk technology to work within the store.

Branding 151

Branding Retail social media Mobile 151

PYMNTS

APRIL 20, 2018

Businessoffashion.com reports that the company is debuting a startup accelerator that looks to give the fashion arena a slew of new features tied to services rendered through the online marketplace and through physical stores. Farfetch has tied its technology to in-house offerings and has been increasingly using third parties for new apps.

Strategy 101

Strategy Examples Retail Mobile 101

PYMNTS

AUGUST 30, 2018

Apple has made a new bet on augmented reality (AR), buying Akonia Holographics , which makes lenses for the technology. Akonia’s HoloMirror technology enables “headsets that are thin, transparent and light-weight, while achieving high [field of view (FOV)] with low manufacturing cost,” Akonia said on its website. AR Market Growth.

Apple 102

Apple Colorado Retail Technology 102

PYMNTS

JULY 28, 2019

Supermarket giant Kroger and online grocery retailer Ocado are joining forces to build the second of 20 planned automated warehouse facilities. The two companies have broken ground on what they call America’s second “customer fulfillment center” (CFC), located in Groveland, FL, according to a press release. the release said.

Florida 129

Florida Customer Experience Mobile Cards 129

PYMNTS

MAY 13, 2020

Given the relative sluggishness of digital technology on the continent, the advancement of digital payments has been slow and not-so-steady thus far as well. What she said she does believe will be visible is a shift familiar to many Western consumers already: experiential retail.

Payments 240

Payments Tools Meeting National 240

PYMNTS

OCTOBER 5, 2018

based carrier with “end-to-end 5G technology,” the companies said. That said, the most noteworthy uses of 5G, at least early on, might be far from the direct realm of retail and payments, and involve industrial uses such as better communication among factory robots, or more efficient logistics at container ports.

Mobile 194

Mobile Retail Data Payments 194

PYMNTS

JANUARY 13, 2021

The social media-focused platform company’s business model is simple: it’s a retail destination for consumers looking to sell their second-hand apparel and other goods or pick up desirable designer items for fraction of the price. In doing so, we bring the power of community to buying and selling online.

social media 169

social media Trends Retail Millennials 169

PYMNTS

FEBRUARY 13, 2017

million last month to purchase the retail condo housing Murray’s flagship store, affiliated classrooms, as well as its catering and event operations. In late 2016, Kroger began testing sensor and analytics technology to let shelves and products interact with shoppers. Online grocery sales in 2016 represent about 4.3

New York City 123

New York City Millennials New York Online 123

PYMNTS

MARCH 28, 2017

Not everything has progressed smoothly for the online retail giant as of late. The online retail giant has reportedly delayed the public opening of Amazon Go due to technical difficulties with its “Just Walk Out” system. Southeast Asia’s internet economy is projected to become a $278 billion market by 2025.

Retail 100

Retail Online Marketing Regional 100

PYMNTS

JULY 9, 2019

In the age of quick-service restaurant (QSR) dining technology innovation, restaurants are frantically looking into ways to provide consumers with mobile ordering bells and whistles like third-party payment integrations, rewards programs and surprise-and-delight offers. At the same time, dining platforms are expanding their offerings.

Mobile 179

Mobile Payments Los Angeles Hawaii 179

PYMNTS

DECEMBER 14, 2018

Online and mobile food sales are projected to have a 13 percent annual growth rate in 2018, with digital supermarket sales projected to reach $100 billion by 2025. Currently, Instacart operates in an estimated 4,000 cites and works with some 300 retailers. Instacart Growth. billion in capital. households. Amazon Advantage.

Retail 197

Retail Millennials Capital Operations 197

PYMNTS

JULY 27, 2018

The service has taken steps in recent months to create a more open and hospitable atmosphere for users, including the purchase of a San Francisco firm that has tools to combat online harassment and abuse. intelligence officials are warning of an imminent cyberattack targeting the technology behind business supply chains.

San Francisco 101

San Francisco Google social media cryptocurrency 101

PYMNTS

SEPTEMBER 18, 2018

While many still head to brick-and-mortar stores, shoppers are increasingly taking to digital channels, ordering groceries online instead of roaming through the aisles — having their produce, meat and grains delivered to their home or picking them up from stores via curbside delivery services. Over the past four years, nearly 20 major U.S.

Report 161

Report Trends Mobile Online 161

PYMNTS

FEBRUARY 27, 2019

Faster payment schemes are advancing worldwide, with the global real-time payments market expected to increase at a compound annual growth rate (CAGR) of 32 percent between 2019 and 2025. The Tracker highlights the contribution of different stakeholders, including institutions and technology providers coming together to make this happen.

Nebraska 144

Nebraska Risk Management Apple Payments 144