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Today In Data: Corporate Travel Spend, UK Cash Is King And Cannabis’ Growth

PYMNTS

When it comes to payments and technology innovations, some industries are seeing massive growth, and others are seeing declines. trillion | Amount the Global Business Travel Association (GBTA) estimated global travel and expense management market corporate travel spend was worth in 2015. $70 Here are the numbers: $1.2

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How Digital Verification Creates Seamless Experiences For Shoppers

PYMNTS

While some customers may prefer to complete a registration or application completely online, others might want to use on-premise devices or self-service kiosks instead. Just under seven in 10 – or 69 percent – of all online shopping carts are abandoned before checkout. However, retailers are looking to combat the problem.

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Deep Dive: How Restaurant Operators Are Driving mPOS Evolution

PYMNTS

Next came the invention of takeout, then phone-in and online ordering — all of which required restaurants to adjust their focus to offer top-quality services for all customers. Restaurants seem to be taking innovation to heart, particularly as they prepare to face increased competition in an ever-growing market.

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Building A More Compliant Cannabis Industry With The Blockchain

PYMNTS

The cannabis industry brought in a little over $6 billion in revenue in 2016 — a figure that some estimate will grow to as much $50 billion by the year 2026. There is a stigma, and people just don’t want to touch it, so the typical types of solutions for inventory management and payments just aren’t there. A very wide path.

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Amazon Vs. Alibaba: How The E-Commerce Giants Stack Up In The Fight To Go Global

CB Insights

They also know how successful a retailer can be if it builds a leading e-commerce presence and brings a country into online retail. Those users combined to spend $18.38B on online retail from Sept ‘16 – Sept ‘17. Research from Morgan Stanley projects the online retail market will explode from $15B in 2016 to $200B in 2026.