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

BankInovation

OCTOBER 18, 2023

Citizens Bank reiterated its commitment to migrating all operations to the cloud by 2025 to create a modern banking platform during today’s third-quarter earnings presentation. “On the technology front, we have a very extensive agenda with a multi-year next-gen tech cloud migration targeting the exit of all of our data centers by 2025,” Chief […] (..)

Operations 65

Operations Data Technology Retail 65

PYMNTS

FEBRUARY 25, 2020

These three main segments of the Fleet Solution are said to provide better control over operations and increased protection against fraud. Fuels are formulated with dual detergent technology called Dynaflex. Shell employs 8,500 people in India and retails fuel in six states. . percent by 2025. percent by 2025.

Cards 159

Cards Fraud Operations Management 159

PYMNTS

AUGUST 29, 2019

The global market for smart vending technology is on track to reach $15 billion by 2025 as a growing share of office and workplace facilities seek upgraded vending machine experiences. These unattended smart retail stations can offer more than typical sugary snacks and sodas, however.

Retail 108

Retail San Francisco Cards Management 108

BankInovation

FEBRUARY 22, 2022

HSBC plans to boost its technology spend to 21% of its operating expenses by 2025 as the bank experiences increased digital usage across its banking channels.

Operations 95

Operations Groups Technology Digital Banking 95

PYMNTS

NOVEMBER 15, 2019

Cashless payments firm USA Technologies (USAT) is expanding its partnership with amusement kiosk operator National Entertainment Network (NEN) to bring expanded cashless payment options to more vending machines and devices, the companies announced in a press release on Friday (Nov. and Puerto Rico.

Puerto Rico 152

Puerto Rico Payments Colorado Florida 152

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

APRIL 14, 2020

COVID-19 could mark the true rise of the robots in retail. After seeing an initial crash due to unprecedented demand when the COVID-19 crisis hit, the retailer is now using robots to pick and pack customer orders. consumers showed a negative stance toward robots at retail, but it will be interesting to see if that changes post-COVID.

San Francisco 278

San Francisco Retail Examples Mobile 278

PYMNTS

DECEMBER 26, 2019

In an email to merchants, the company said the reason is a change in retail strategy, and the site will merge with SpeedLvn, which retails products sold at Lotte’s physical stores. 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

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

AUGUST 22, 2018

As the company claims in the F-1: “Farfetch is the leading technology platform for the global luxury fashion industry. We operate the only truly global luxury digital marketplace at scale, seamlessly connecting brands, retailers and consumers. Later in the filing, the company stated, “We are a technology company at our core.”.

Online 101

Online Retail Branding Data 101

PYMNTS

FEBRUARY 29, 2016

Recent data indicate that in the not-so-distant future, the retail marketplace will be employing far, far fewer people — if you live in the U.K. As of right now, retail employs about one-sixth of retail workers — or around 3 million people. These are the valleys to cross and the path through them needs to be charted with care.”.

Retail 100

Retail National Industry Survey 100

PYMNTS

JULY 30, 2020

In fact, Shipt is four or five years ahead of plan, as Chief Operating Officer Bridget Fruit told PYMNTS CEO Karen Webster. Pre-pandemic, the company projected that online grocery delivery would hit around $20 billion around 2025. The key is flexibility between Shipt and the retailer. From the company’s end, it’s curated.

Retail 199

Retail US Strategy Company 199

PYMNTS

APRIL 19, 2019

In a press release issued Thursday (April 18), Hypur said its payments technology enables business, retail and online transactions for merchants in the hemp and CBD markets in the U.S. released earlier this year found the CBD market could see product usage grow 10 percent by 2025, valuing the sector at about $16 billion.

Payments 173

Payments Industry Online Security 173

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

Taxes 141

Taxes Google Seattle National 141

PYMNTS

JANUARY 24, 2020

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. It’s operational in the Middle East, Southeast Asia and India. billion by 2025. billion in 2021, and $52.5

Payments 152

Payments Innovation Study Meeting 152

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

CB Insights

JUNE 17, 2020

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. Teletherapy.

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

APRIL 2, 2020

Financial institutions (FIs) face a perennial challenge in their day-to-day operations — convincing customers to use their products and services rather than a competitor’s. billion by 2025, with banks of all sizes leveraging such capabilities. This issue is present in almost every industry, as the $70.3

Analytics 237

Analytics Data Big Data social media 237

PYMNTS

JULY 7, 2020

and European automobile “sales” by 2025. ” He continued: “Through Pivotal and our network of retail partners, even more drivers can get behind the wheel of a Jaguar or Land Rover, and we’re excited to see how this new initiative fits in a post-pandemic world where personal transport will undoubtedly be in more demand.”

Management 191

Management Branding Innovation Retail 191

CB Insights

AUGUST 30, 2018

Walmart recently announced its plans to eliminate all waste to landfills for its operations in the US, Canada, Japan, and the UK by 2025. free report: Technology and Shipping. Supply chain sustainability is making headlines. Maritime shipping accounts for 90% of global trade.

Retail 47

Retail blockchain US Operations 47

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 $55 million center, expected to become operational in 2021, will measure up to 375,000 square feet and is expected to generate up to 400 new jobs. the release said.

Florida 129

Florida Customer Experience Mobile Cards 129

PYMNTS

MAY 20, 2019

Kiosks are increasingly becoming part of the retail landscape. As reported in the latest Unattended Retail Tracker , done in partnership between PYMNTS and WorldNet Payments, unattended retail is gaining traction worldwide, on the heels of growth in consumer demand and as employers look to increase their operating profits.

San Francisco 170

San Francisco Retail Philadelphia Cards 170

PYMNTS

MARCH 21, 2019

billion by 2025, experiencing a compound annual growth rate (CAGR) of nearly 24 percent, according to one report. That will also work in favor of companies such as Jumio: The FDA said retail sites selling those flavored products must use third-party authentication services to prevent sales to underaged consumers. Regulatory Trend.

Online 152

Online Retail Regulation Trends 152

PYMNTS

JULY 3, 2019

Among the more interesting storylines of this era of digital commerce and payments is the maturation of vending machines — sorry, “unattended retail.” Retailers are paying more attention to vending machines, a trend that is all but certain to continue into the 2020s. Vending Machine Trends.

Retail 122

Retail eBook Philadelphia Austin 122

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

APRIL 11, 2019

For those plans to succeed, however, a robust system of digital ID is necessary, lest regulators and parents decide such a retail activity is unsafe for children, and take steps to pull it back. Jumio’s authentication technology asks for those ID details and requests that the shopper submits a selfie. reached $1.7 Biometrics Role.

Online 169

Online Retail Regulation Maine 169

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

JUNE 6, 2019

Near-field communication ( NFC ) technology isn’t exactly new. For some time now, retailers have been using it and radio frequency identification (RIFD) behind the scenes for stock and quality control, as well as to provide product information to customers with smartphones. percent between 2018 and 2025. However, the U.S.

US 140

US Apple New York City Cards 140

PYMNTS

DECEMBER 3, 2019

The key to that future is emerging 5G mobile network technology. Sure, retailers, healthcare providers and other operations with firm footing in the digital economy are seeking, finding and crafting use cases for 5G, which, above all, promises speedier and more robust information flows among people and businesses.

Payments 149

Payments Mobile Industry Technology 149

PYMNTS

DECEMBER 14, 2018

That wasn’t perhaps the most surprising news, given how Amazon keeps taking control of more logistical and delivery operations — an effort that many observers expect will eventually include the eCommerce operator competing head-to-head with UPS and FedEx. That’s one take on the news Thursday (Dec. Instacart Growth. billion in capital.

Retail 197

Retail Millennials Capital Operations 197

PYMNTS

JULY 27, 2018

intelligence officials are warning of an imminent cyberattack targeting the technology behind business supply chains. According to the CNBC report, Whole Foods accounts for about 33 percent of the wholesaler’s business, and that contract is set to expire in 2025. Security Officials Warn of Potential Supply Chain Hack.

San Francisco 101

San Francisco Google social media cryptocurrency 101

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. Murray’s former owner, Rob Kaufelt, will reportedly remain as a strategic adviser, and the team leading the New York City operation will largely remain unchanged. percent of U.S.

New York City 123

New York City Millennials New York Online 123

Bobsguide

JUNE 13, 2022

In 2025, global spending on digital transformation will be more than double the amount it was in 20201). – GFT’s UK operation contributed to global results with 18 percent of total revenue, a figure which grew by 50 percent compared to the first quarter of 2021. million to around EUR 58 million.

Groups 60

Groups Taxes Regional America 60

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

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